Not because he is lazy, but he has a business he has been running for close to 20 years that is taking all his time. He just grossly overestimated his available time and underestimated the time the new venture was going to require. We do not have a partnership agreement yet. The tricky part is is that as PART of his equity. I have come in to work for his existing company and am given 10 hours a week to put to the new company for which I have only taken advantage of for 4 or 5 days. We have missed two of our first goals and not by just a bit, they literally have not evened happened.
My gut is telling me to just reimburse him for the 5 days and to return half of a signing bonus bonus I received and to take over the company myself and possibly bring him back on as a limited partner when he meets some of his obligations.
What are your thoughts?