I'm developer. I had an idea for a company, came up with a name and everything, and decided to bring in a business development partner. The responsibilities for him were: 1. do business operations, sales, and marketing & of course split up the costs.
The small corporation is under my name completely. My contribution in time and effort is significantly higher than his, 90% to 10%. In terms of money I've spent $25,000 while he spent $3,000 on it. And of course we didn't see any sales from him.
The product still isn't ready, and of course we didn't make any money.
Since it is not working out with us, what is the best and fair way to let him go? I don't want to screw anybody, but neither do I want to be screwed myself ;)