Plan B has had some issues regarding differencs of opinion between myself and the other director and we have decided to part company, me carrying on with the comany and him recieving some sort of remuneration for his input.
I have put in 75% of the capital, 20% has been recieved by means of a grant, and around 5% by the other director.
He is my mate, he was down on his luck and struggling to find a job, so I had the bright idea of setting up this business as a plan B. I would put the money in and he would do the organising etc. It's turned into a bit of a nightmare. To be honest, the workhe has put in over the last six months probably represents a day a week. We have had fights over everything, he thinks it should be my responsibility to look after everything and him only the fluffy stuff, we even had an argument over him not chasing an invoice the other day (14 days overdue), which got heated, and we have some cashflow issues.
So, I dropped it on him tonight, said I couldn't work with him and wanted to offer him a fair price to see him alright, as we go back a long way (but he's fooking me over I feel - wants the reward without the input).
The question is how do we come to a fair price?
I have put in 75% of the capital, 20% has been recieved by means of a grant, and around 5% by the other director.
He is my mate, he was down on his luck and struggling to find a job, so I had the bright idea of setting up this business as a plan B. I would put the money in and he would do the organising etc. It's turned into a bit of a nightmare. To be honest, the workhe has put in over the last six months probably represents a day a week. We have had fights over everything, he thinks it should be my responsibility to look after everything and him only the fluffy stuff, we even had an argument over him not chasing an invoice the other day (14 days overdue), which got heated, and we have some cashflow issues.
So, I dropped it on him tonight, said I couldn't work with him and wanted to offer him a fair price to see him alright, as we go back a long way (but he's fooking me over I feel - wants the reward without the input).
The question is how do we come to a fair price?
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