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Get a lawyer and come up with a partnership agreement that will work for everyone.
by billy99k 3y ago
Get a lawyer and come up with a partnership agreement that will work for everyone.
- dmoy 3y agoMultiple lawyers maybe. Since people aren't agreeing, they might need their own separate lawyers.
- ericbarrett 3y agoLawyer. Lawyer lawyer lawyer. This is the only answer. You don't need to go in guns blazing, but you do need good legal counsel even before you talk to your business partner. A lawyer will be able to tell you your rights, what you don't have rights to (even more important), and the probable result of various courses of action. You will also have much more confidence when it comes time to have the discussion, because you have gotten help and will understand the situation a lot more clearly. Seriously: GET. A. LAWYER.
- manc_lad 3y agoI agree with this. If she's adding value and her input is worth her place on the cap table then it should be easy to resolve. You do need to think carefully about what a breakup would look like. Relationships can go sour and if that happened what would the arrangement be if they couldn't work together. Also, who makes the decisions? Does her allocation give them both a majority of voting rights? It's not a typical arrangement, that doesn't mean it can't work but your co-founder has added complexity into the process.