Considering how little recourse he has to actually get money from you without spending far more in lawyer's fees than you're actually earning, I suspect he might be convinced to sign a document relinquishing any ownership stake in the company if he is offered that $1000 back...
i offered him back 1000 USD but he rejected also said him i am willing to pay 50% of the profit that will be made in next 2 months one time amount for the money he invested.
That sounds like a great deal. Assuming you make the same amount of money and it wasn't an aberration...
2months X 4 weeks X 4K per week = 32K.
Minus operating expenses for 2 months (Let's just use 500 per month here) = 31K
Minus taxes (assuming 25%) = 23.25K
$11625 to have a clean corp that grosses 208K a year. Sounds like a no brainer for me...
Pay him off, make him sign a final and complete settlement that previous poster suggested.
Comments
Considering how little recourse he has to actually get money from you without spending far more in lawyer's fees than you're actually earning, I suspect he might be convinced to sign a document relinquishing any ownership stake in the company if he is offered that $1000 back...
i offered him back 1000 USD but he rejected also said him i am willing to pay 50% of the profit that will be made in next 2 months one time amount for the money he invested.
That sounds like a great deal. Assuming you make the same amount of money and it wasn't an aberration...
2months X 4 weeks X 4K per week = 32K. Minus operating expenses for 2 months (Let's just use 500 per month here) = 31K Minus taxes (assuming 25%) = 23.25K
$11625 to have a clean corp that grosses 208K a year. Sounds like a no brainer for me... Pay him off, make him sign a final and complete settlement that previous poster suggested.