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  • Business partner

    updated 2 weeks, 4 days ago 0 Member · 1 Post
  • Christine

    Member
    October 29, 2019 at 8:02 pm

    The joys of a business partner I bought 49% of an oilfield service company in Manitoba Canada four years ago. After two years of being screwed out of wages lied to about assets and generally disrespected / discredited by my partner i informed him that I would not continue working with him unless he quit drinking, to which he agreed. Needless to say he continued his old habits and I decided to take a back seat as a silent partner as he refused to buy back my shares even at a discounted rate and I have no control as I am a minority partner. When I removed myself from day to day operations we had just began operating a mechanical service out of our shop. Today I have discovered that he has changed the name of the mechanic shop and is the sole owner of the company that is operating out of our shop. I have no idea what to do. I have just sent my first email to my lawyer to see what my options are and am waiting on a reply. Any advice or information would be immensely appreciated. – by hq overview br-z – –

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