In a tough spot.  Wondering if there is any other way you can get rid of a co-owner without buying them out.  If the ratio was 49% to 51% and your co-owner is NOT managing his part of the business.  Not putting forth any effort in the business.. hiring his own help, etc..  Is there a way to get rid of him?  \nThanks!!
132002
As stated before, go through the contract you signed, and in there will state the terms and conditions for expelling an owner. However, you will probably find that you will have to buy him out, if you want the whole business. But from what you're saying, you both have different parts of the business. So instead, why not split the business. Keep your profitable portion, and let him keep his unprofitable portion, then when the assets have been split, simply set up another arm of your business to provide the goods/services that he once provided. This will be significantly cheaper, and there will be large tax benefits through the offsetting of capital expenditure on income tax liability.
352118
That's no bargain...so purchase independently or tell him about it.  Maybe they are being raked over the coals..so to speak.
19559
There are places you can go to get the help you need.There are websites with info.I personally would go to a higher authority than the police.A mayor,or judge.I`d publicize this bussiness`name and the cicumstances.Here in our state we have seven on your side.A place you can call into with such matters and they take care of it for you.According to your statement,this is nothing less than theft.If that`s the way the system works there,maybe we should all just get us a moving bussiness and keep whatever we want and sell the rest.We`d make a fortune!If we were as sorry as these people seem to be.
512993
Post a message ont he board and e-mail the other owners and explain what happened.  All you need to do is convince 4 of them to vote against the trade and it will be rejected.
202227
Dragonfly is correct.  There may have been actions you could have taken if he had sold you the business under false pretenses, but after you re-negotiated, you should have written a new contract.  If you did not write a new contract after the change in agreement, the original contract still stands.\n\nYou could argue verbal contract, but 99% of the time the written contract will win.\n\nAlso, if you don't have any contract, then its even worse.  You could try to only pay him the half, but if you don't have any paperwork conveying the business to you or outlining the payments and the purchase, he can just take your money and claim either that you haven't paid, you haven't paid enough, or that you never even had a deal on the business.\n\nIf you are not well informed on the law, it is always wise to consult an attorney before making major business decisions.
138093
sue..make him do it...quick claims deed may do it too
461337
Don't play games with the customers. Be HONEST. Give them the best rate and the best closing cost. They will shop around and they will know that you are the best. Show that you care about them and not about your commission. Over time this will pay off because you will ask them for referrals and they will send people to you.\n\nAnd once you get a deal going, don't give up. I never saw a business where the product was so easy to sell and so hard to deliver.  Things will go wrong. There will be clouds on the title, the underwriter will give you fits. Be persistent. Also be sure to tell your customer NOT to open any new loans, change jobs, buy a car, or apply for any credit until after the loan is CLOSED. \n\nGood luck.
22275
Today's realtor never cease to amaze me what they see as OK.  If the realtor is the agent for the selling party, how do you think the seller would feel if they found out, especially if the realtor is kicking back something else to the buyer in the first sale or the second sale.\n\nFIRST EDIT: I'm not saying that from the buyer's perspective it isn't a good strategy, but raises some ethical questions for me.\n\nSECOND EDIT: Do you have a realtor?  If not, they should be lowering their fees on the first sale for god's sake.  If they aren't doing that, you don't want them selling your house.
389313
Tell your Dad he had better cease and desist, you are 50% owner of the home and ALL decisions concerning the property need to be jointly made. Any money that is generated by the property you are entitled to 50% of, unless there are other stipulations. If he does not comply, you might need to get a lawyer, it sucks, but that might be your only recourse.
586494
Time for getting past what caused the split and figure out how between the 2 of you to get the best value from the situation.\n\nFirst if you can, you need to lower your price.  \n\nNow use the kids ballpark divvy system.  Remember when you were a kid and had to share a candy bar with a friend.  One of you would break the candy bar in half and offer the choice to the other person as to which half they wanted.  Simple but fair and very effective.\n\nWhat I'm suggesting is that you agree between yourselves that one of you will make an offer to move into the house until it sells and makes some sort of payment as rent.  Now that might be the whole payment or a partial payment, either way it should be better off than each of you paying half of the payment on a vacant house.  So the agreement is made and the offer is made, now the other person (not making the offer) has the choice of either moving back in or letting the offeror move back in.\n\nIf moving back in isn't an option for one or both of you get creative and work out some other sort of arrangement.\n\nGood luck
9110
It is recommended that you contact your fellow employees and have all notify your state Attorney General's Office.  They will investigate and track this employer and any owners affiliated with them (eventually).  A repayment is possible but may take a very long time.  But... will you let them get away with it?
609261
Depends upon the agreement you had with him.  Take it to the bank that he knows what the legal limit is, if any, and isn't going to risk his law license on it.\n\nYou obviously signed an agreement for that 45%.  You should have raised your objections at that time, before signing.  It's too late to complain about it now!
141718
He's a crackhead! The number one rule of selling is "Don't get high off your own supply!" But he will eventually, it's inevitable. You did the right thing.  He either stops selling and gets some help or cut his A-S-S loose!
226788
looks like you ol' man became comfy with the situation.\nask yourself or ask him, What is his business plan and is it on track of the projections that were made. A fair way of doing it is split the bills in half, you have your money to do what you want, and he has his half of the responsibility and will need to step it up in his business venture.\nstarting a new business takes time, but there needs to be a line drawn as to what money is whose, if he gives you the are the bills paid crap next time you want to go out, tell him "yes my half are paid, you still need to pay your half"
510535
one of a few ways..but I know one works\nyou have to have proof your moving out of their operating area, so as you can see, they can not serve you, so the contract has to be broken....this works...\n\ntell them you lost your job and you AVE to cut back on ALL things....period..no money to pay..\n\ngood luck\nsmile
589653
If your mother didn't sign any contracts nor signed away the trade in, I would think you two could just walk away from the deal without worrying about a thing; HOWEVER, i'd strongly advice to speak to a lawyer and see what can be done about it.\n\nIt's really shady for a business to do things like that without telling you exactly what they are doing and I think a report to the BBB is also in order.
291288
What I would do ? Search for some mortgage brokers web sites,  visit them, and contact those who looks the some agressive in their sales strategies. \n\nHope it helps,