[karmajunkie]

The problem he's going to run into now is that giving him his fair share is going to have dramatically greater tax implications if given in the form of equity. Options are a possibility, and if the company is an LLC there are interesting ways to play with a share of the profit account instead of the capital account. Any way you cut it though, it sounds like OP is owed some substantial proceeds. I hope we hear how this one gets resolved!