Our startup has a person who holds a very high percentage of the company's common stock.
We don't have any money yet, and we've been working for a year.
This guy has done an extremely minimal amount of work (maybe 1 hour per week) since we started. His effort is not enough to qualify for any type of equity. We made a mistake by originally agreeing to give him stock, but we had higher expectations that he just didn't fulfill (though according to him he fufilled those expectations).
We want him out. What options do we have to completely kick him out and not have him part of the company anymore? Myself and the other cofounder have majority shares.