Stuck in a rut...

[sparky69]

Hi

Just to give a broad overview of the situation..

Last year I decided to start my own business and needed a financial backer to help fund this.

I got in contact with someone who I knew through a friend and he had the same idea but wanted someone with experience to run it.

After talking through the business plan I had left my self pretty open to the business matters and the formation of the company, also his partner had money to invest so it was agreed that we would split the company into thirds, with him being the shareholder his partner being company secretary and my self as Managing Director.

This seemed perfect but along the way it has come to light that the initial investment is not as much as originally discussed. The relationship has suffered slightly and I feel as though the company is no longer "my idea" and within my control.

Recently it has come to light that a member of my family would like to give me funds to be able to buy the other two out or at least become a majority shareholder of the company.

My questions are does anyone have a similar experience and do you think that a majority share is the answer? As this is a new company am I doing this to early? what percentage do I need to gain control again?

Any comments or suggestions would be a great help as you can probably tell I'm very new to this!