I have a dilema that perhaps someone out there can help me out with. My question is as follows: How do you get rid of a non-responsive, irresponsible member of your corporation (board of directors). How do you fire, a board member and what are the legalities to do so?
What if the so called board member owns 20% of your corporation? But he isn`t putting in his 20% (time, cash, etc.) How do you give that person the boot? is it easier to dissolve and start a new corp? or as 80% owner I decide who stays and who goes?
Please help any advise would helpful at this point.
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!