The relationship is gone. It’s now a matter of excising him from the business as soon as possible. There is sufficient evidence of him negletting his duties and being unable to fulfil his obligations. To be fair, if he’s still around it’s probably because you don’t have a decent lawyer. Lawyer up.
this is shit advice. without a vision for the business, all coding would be for nothing. with few exceptions, developers are easy to replace - business vision and leadership are far harder to come by.