I own 40%of a ltd company,i have fell out with director(60%)he refuses to speak to me what can i do legally?

I set a kitchen showroom up with somebody i worked with for about a year an opertunity came up to open a showroom ,as he was more the office type i left him to set us up as ltd company i thought as equal partners.after about 6 months it was obvious we could not work together ,and once i discovered he had given himself 60% of the company and legally he had fianle say in things i decided to resign as directorbut keep shares and leave him to it.i am still responsible for a lease on the shop and a loan,he will not speak to me so i have no idea how the company is running or the state of monies .do i have any rights as a shareholder,is there any thing i can do to see the books?

get a good lawyer, having shares you should be entilted to see what is going on with them,

don't you have an attorney?

cook the books

Get him charged with huffing for financial gain.

Depends on whether you two drew up a contract binding you two by law. If so, read it and see if you can find anything to se against him. If so get help from your attorney.

Also watch out for things he can use against you and if there is, it's best to settle it personally.

If there is no contract however, get your employees to report to you.

P.S. The irector not talking to you is so childish. Remind him of that.

I honestly can't believe you signed up for something without seeking advice. The law society publish a series of notes on such information as running small businesses etc. they might be able to give you the information you need , especially with regard to any legal advice you recieved prior to starting this company. I think that also you couldn't go wrong if you took a look at the documents that are probably being held at companies house with regards to the state the company is currently in along, with your stake in it. i assume you are from the UK.

I would get advice from these two sources: Citizens Advice Bueau: http://www.citizensadvice.org.uk/ and Business Link: http://www.businesslink.gov.uk/bdotg/act...
If you are not in the UK, see if your country has similar organisations.

if you are no longer a director then how are you still responsible for the lease and a loan?? unless you stood personal guarantee in which case you were an idiot for resigning.