Good day,I would like to find out if the...

Asked by ABIGAIL on 18-01-2023 18:23:49
Question posted in the General Law category relating to Gauteng

Good day,

I would like to find out if the agreement holds any weight - the 49% shareholder does not carry out the agreed upon duties as what was originally discussed. He is also not a registered partner on any company registration documentation. Really the shareholder does nothing and has put no capital into the business. The capital that was there was put in by the 51% share holder and he would like to dissolve the partnership as the business is essentially paying the 49% share holder a fee each month but as mentioned above, is not carrying out the duties as promised and is demanding more money. How can this partnership be legally dissolved amicably and fairly? Baring in mind conversations have taken place with the 49% shareholder where he has stated he cannot carry out what was promised due to him being full-time employed elsewhere. 

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