What to do next
Read the shareholder or partnership agreement
Look for deadlock-breaking mechanisms, buy-sell or 'shotgun' clauses, valuation methods, and dispute-resolution terms. These often dictate what happens next regardless of how you feel about it.
Document what's happening
Keep records of decisions, exclusions from management, financial information you've been denied, and any diversion of company funds or opportunities. Evidence matters if this escalates.
Get advice before acting unilaterally
Firing a co-owner, locking them out, or moving money can expose you to liability. A corporate lawyer can advise on negotiation, buyout, mediation, or a court application.
Frequently asked questions
What if there's no shareholder agreement?
Corporate statutes still provide remedies. In Canada, the oppression remedy is a broad and commonly used tool; US states offer analogous relief for minority shareholders. Outcomes are less predictable than a written agreement, which is precisely why they matter.
Can I force my partner to buy me out?
Sometimes — a buy-sell or shotgun clause may allow it, and courts can order a buyout in appropriate cases. Whether you can depends on your documents and jurisdiction.
Is mediation worth trying?
Usually yes. Shareholder litigation is expensive and can damage the business you're fighting over. Mediation often preserves value for both sides.
This is general information, not legal advice. Laws vary by location and every situation is different — speak with a qualified lawyer about your specific circumstances.