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Quick and rough look, it seems like this is a business with negative equity and little or no profitability, that is likely going to eventually go down. Doesn't seem like there is a lot there worth fighting over (much less fighting over a 20% interest in).
Also, seems like this business was a disaster for him. If he paid $450K for it 7 years ago, it looks like he's been working the past 7 years for nothing.
Sometimes, you make a mistake for which you have to pay a price. Your mistakes (and there were a few, the primary one was hooking your wagon to a sinking ship) appear to have occurred 2 years ago. Sometimes it's best to just accept that mistakes were made, cut your losses and move on.
Your initial post asked about legal rights. Again, yes, you can file an action to get a declaration of your ownership interest, force a dissolution, etc. My sense is that that is not going to be fruitful and will ultimately cost you more than it gains you. But that's a decision you'd have to make.
You might try just negotiating with him to buy out your "20% interest," see if you can get him to offer anything, and just take the best you can get from him.
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