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So what happens when a founder leaves like this, do they give up their % ownership and the other founders gain what was lost?
by tdicola 13y ago
So what happens when a founder leaves like this, do they give up their % ownership and the other founders gain what was lost?
- jessaustin 13y agoI suppose it depends on how the articles of incorporation are written up, but I really doubt it would work that way. It's more likely that the leaving founder will become a sort of silent partner, retaining equity but not managerial input.