Partnership dispute

[Bill2008]

Hi all
I’m in need of some advise from you guys
I set up a small flooring company in 2012
The company was not live until 2014 when I secured good size project
Half way through that project a frind and my manager in the previous 2 company’s I worked for join the company and I give him 50% of those shares
From the day one I had Isues with him and most of them Isues where using company’s money for all he’s needs without my permission
Now I have dicided that enough is enough and need to get rid of him
As a floor layer by trade I have been doing all the site works and him together with his wife has been dealing with pricing and all other office work
The question that I would like to ask is if I can’t get rid of him would it be possible for me to close down the company and what is the procedure

Many thanks

 

[Newchodge]

a frind and my manager in the previous 2 company’s I worked

Is this 1 person or 2?

If it's 1, do you each hold 50% of the shares?

 

[Bill2008]

Hi
Yes he is one person and we both have 50% shares

 

[KAC]

Did you have a shareholders' agreement?

 

[Bill2008]

No we don’t have any agreement

 

[Bill2008]

Out of interest though, if he was your manager previously did he treat you as a partner or as your boss?

 

[Bill2008]

Hi
No he didn’t , the problem start it when I question the invoices that had nothing to do with the business and because his wife was self appointed finance manager they where doing things that I wasn’t happy with

 

[Mr D]

Hi
No he didn’t , the problem start it when I question the invoices that had nothing to do with the business and because his wife was self appointed finance manager they where doing things that I wasn’t happy with

So who agreed to her becoming finance manager? And who gave her power and responsibility?

 

[Bill2008]

If there is no written/signed agreement, you will have to talk to him and come up with some kind of mutual agreement.

So who agreed to her becoming finance manager? And who gave her power and responsibility?

I never aggred to anything, it was only few months ago that I added her to the bank accounts as secretary
We never had any board meetings

 

[Mr D]

I never aggred to anything, it was only few months ago that I added her to the bank accounts as secretary
We never had any board meetings

You didn't agree to anything but added her to the bank account anyway?
What is the secretary doing being added to the bank account?