My partner and I started the company 7 years ago. Organically grown, After 2 years he left to his home country in the pretext of developing and helping me. While I managed everything here, he was drawing the salary and he had the title of President & CEO. His was responsible to bring in investors which he failed. Spent lot of money on development... in the process he made his own company overseas.
While I was managing here, I brought an adviser to whom I gave 2% of shares. Developed new products and kept the company running all alone till Company started losing revenue couple of years ago and I found an investor who was able to take liabilities and give their shares. I told my partner to sign off... his demands grew out of proportion till it came to a point I said no as I was taking the risk of meeting numbers and he was not. He was in no hurry either as he had built his own business which I thought I was part of.... now I found out I was not on the paper.
Now, he resigned from his position and but keeping the shares and directorship. He doesn't want to recognize the 2% shares as I signed for that. If I leave the company, I will lose the customers I have. I've an offer to take up the job but, I will end up taking those contracts with me as its my name which is on line. What do i do?
