My business partner and I equally share a company.
We are just in start up phase and we are being exceptionally well received by clients. We are working on closing our first major projects that will secure our break even.
Our business competencies match perfectly but he lives in a different state and we don’t get to see each other frequently. His wife lives in another state and he is reluctant to move to the town were our business headquarter is. I accepted this on the condition that he comes to town once a month for a full work week.
I feel the lack of time we are spending together in an office is a reason why we have major interpersonal problems.

He thinks he is a team player but he often decides important matters alone and informs me late and with no option to influence the decision. He thinks because he is responsible of accounting and finances, he doesn’t have to share information such as log in data to our online bank account with me. He argues I could just go to any bank and print a statement.
He acts sometimes as if he is the major shareholder but we do own 50% each so he has no right to decide for me. When I ask him politely to inform me in advance and prior to making a decision and also to keep me up to date in regards to our accounting he ignores this. If I would take legal steps, he would completely freak out and probably leave the company.

So this week, I freaked out. He told me on the phone, while he was in a restaurant, that we can’t afford both of two purchases that we had been discussing for months. We clearly discussed our financial limits and what the purchase should include, we even looked together at options when he was in town a few days earlier. I freaked out on the phone because I felt so disrespected by him. I then sent him immediately after an email where I repeated my arguments that it is unacceptable that he doesn’t share certain important information such as accounting details with me and that he always puts a gun on my head by making decisions without me. I wrote to him politely but firmly in writing that I feel disrespected and that he should accept that I am an equal business partner.

That was last Tuesday and whilst I continue to communicate with him about things he should know, he stopped all communication.

See, I don’t want to quit the company because I invested a lot into it and I really believe this will work, but how do I get him to understand that the way he acts is not acceptable?

Thank you for your help.
* The phone call in the restaurant was a planned call to discuss an offer we had received that matched all our specifications.

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