I co-founded a consulting company in Vancouver 4 years ago with 2 partners. One of us is working full-time with the company and getting a modest salary. Me and my other partner are doing couple of hours of work per week for this business, and have yet to make more then 15k in dividends in last 4 years. I'm full-time employed in another company.
Our annual revenue is around 100k flat for last 2 years, and this barely covers our office and salary expenses.
We tried hard to grow the business, tried to expand internationally, hired more people for sales & marketing. However, we realized our niche was too small and it's extremely hard to grow a service-oriented business.
I want to quit as I failed to convince my partners to transform our business to a product-based company from a service-oriented business. Since I initiated the business, own 1/3 of the company, and built a well-known brand in our niche, I'm having hard time making this decision. I lost my motivation, and have other ideas to work on.
What happens when I quit? I guess I'll still own 1/3 of the shares, and the company will continue to operate. Will I still have legal liabilities? What's the best way to quit?