Am I in the right to ask my business parter to review our % of shares?
Hi, my partner and I started a business 3 years ago. He is the 100% investor and I have the knowledge on how to run the business and also the idea with a share of 70% for him and 30% for me. He was new in this type of business and without knowing how to run it on a daily basis. After 3 years, we made a successful company and we started sharing profits. I'm doing 90% of the work and he is not working at all to help grow the business. He's returned 60% of his capital investment and I'm considering asking him to review our agreement and start sharing 50-50%. I would like to know if this is a fair expectation for me to ask.