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Have you asked him? Maybe he will be happier with a smaller share and avoiding the tax implications.
by danieltillett 6y ago
Have you asked him? Maybe he will be happier with a smaller share and avoiding the tax implications.
- throwaw87 6y agoWe planned on being co-founders all along, but he came in slightly later after the legal was initially done -- then it took a while longer than I hoped to raise the seed due to COVID. He wouldn't appreciate me reneging on that, especially since he's been equally integral to the business as myself.
- danieltillett 6y agoI wasn’t suggesting reneging on the deal, just laying out the options and letting him choose. You could consider winding up the company and starting again with a fresh company.
- throwaw87 6y agoThanks and agreed -- it is always best just to be honest and upfront about what options exist.