Re:Ask HN: How to get rid of a co-founder
by naivedeveloper on Monday June 12, 2017 @01:21PM
(#14538990)
Thank you, glad to hear others have been here before. That sounds like exactly what I should do, I even like the way that you phrased it.
In your situation did you write up a partner termination agreement?
Re:Ask HN: How to get rid of a co-founder
by skraelingjar on Monday June 12, 2017 @02:11PM
(#14539483)
No, I couldn't be bothered. It was essentially a handshake deal. Sure, I'm not protected legally, but there's no way this company is going to make a huge amount of money. We've been friends for almost 10 years, I doubt he would do anything to jeopardize the business.
We have to refresh our paperwork with the state this September and I'll either remove him then or dissolve that business and incorporate solo in the state I have moved to.
Like with any relationship, you need to talk about it with your friend. Not what you've done by "alluding to it", but by being straightforward. "You don't seem interested in our company. I don't want to continue like this. Is it time for you to leave the company?" Yes it may be a difficult discussion but can it really be worse than what you're putting yourself through right now?