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]]> By: Anonymous https://startupsanonymous.com/question/co-founder-wants-leave/#comments/12728 Sat, 10 Feb 2018 01:18:38 +0000 https://startupsanonymous.com/?p=4087#comment-12728 Did you form a company or LLC? If so, state laws may apply.

]]> By: Anonymous https://startupsanonymous.com/question/co-founder-wants-leave/#comments/12708 Thu, 01 Feb 2018 13:07:59 +0000 https://startupsanonymous.com/?p=4087#comment-12708 I think here that the real answer is: Do you value the friendship?

If you don’t then, no documents signed equals no agreements on both side. Since you are the one who developed the software, it’s still your intellectual property and the business plan is his. So you could leave and become a competitor but lose a friend.

If the friendship is important, sit down with your friend and sort it out. There’s a nice and simple framework to split equity based on the work performed by each member. This book is called “Slicing Pie”. It’s a short read well worth the time.

]]> By: Anonymous https://startupsanonymous.com/question/co-founder-wants-leave/#comments/12705 Wed, 31 Jan 2018 17:28:16 +0000 https://startupsanonymous.com/?p=4087#comment-12705 Barring any formal agreement you technically own half the company. That’s why starting a company without written contracts is often a bad idea and one which new entrepreneurs do and often regret.

Since you are mentally prepared to get less than half I’d suggest letting your partner know the reality and negotiate downwards from that position.

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