If you have a major deal in the works, be very careful about cutting him out without letting him know. There are all kinds of rules about disclosures and negoti

If you have a major deal in the works, be very careful about cutting him out without letting him know. There are all kinds of rules about disclosures and negotiating in "good faith". Talk with an attorney on that one because even if he couldn't "win" by challenging the situation afterwards, he might be able to make you lose. If he's really not doing anything though, document the hell out of it and go to him with it. Lay out the case and ask him to fill in the blanks that explain his behavior. Unless he has some compelling data & reasons to back up his point, execute your plan to cut him loose. If he has tangibly failed in his responsibilities to the point of hurting the company, "a few points" is probably too much. Buying him out might be a better option. If he's just been annoying or a pain in the ass, that might not be enough. Once again, talk to an attorney. What do your agreements say? If you're in the US, check out SCORE.org. It's mostly retired professionals consulting on small business.