Hello my name is ***** ***** I will help you with this.
Do you have any form of written agreement please?Alex
Are you a Ltd company or partnership?
Is there anything in writing to say its NOT 50/50?
Ok - then in law unless anything is in writing its 50/50,
That means you can buy your partner out or split the assets.
Ideally you would have had a contractual partnership agreement that sets out rights, responsibilities, what happens if there is a dispute and how the partnership is ended.
As you dont in law its 50/50 or you can buy them out.
Can I clarify anything for you about this today please?Alex
If you have evidence and receipts, you are entitled to reimbursement of those items or the kit etc.
But you really should have had an agreement draw up, because in events like this it helps.
Does that clarify? Alex
Ok - yes you can do that and buy her out.
You get an accountant to value the business. Alex
If I could invite you to rate my answer before you go today please, otherwise the site does not credit me for the time spent with you today. Thanks and good luck. Alex