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Co-Founder Equity Split — bootstrapped to funded transition

Started by newbie_freelancer_advice · Jul 16, 2025 · 1,107 views · 9 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
NF
newbie_freelancer_advice OP

I've been trying to resolve this on my own but I'm stuck.

bootstrapped to funded transition. I've been dealing with this for about 10 months now and the situation isn't improving.

I have already tried to resolve this directly but the other party is not cooperating.

What are the risks if I pursue this? What's the likely timeline?

TL
Mod_TermsLaw Moderator

Attorney here. Here's my take on the legal issues.

Based on what you've described, you likely have a viable claim under the relevant statute. The standard is whether a reasonable person would find the conduct actionable.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

AB
AgentBroker_TX

Been there. Here's what I learned.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

RL
RetiredLawyer_FL

Not a lawyer, but I have direct experience with this.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

HC
HRManager_Chicago

Been there. Here's what I learned.

What worked for me was having everything documented. It took 3-6 months but was worth it.

AF
asking_for_friend_seller_FL

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

TA
TenantRights_Advocate

Been there. Here's what I learned.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

DT
desperate_tenant_NY

Have you tried reaching out to your state's consumer protection office? They sometimes have free resources or mediation services.

SA
seeking_advice_trader_FL

Have you tried reaching out to your state's legal aid society? They sometimes have free resources or mediation services.

HM
help_me_contractor_2023

Have you tried reaching out to your state's consumer protection office? They sometimes have free resources or mediation services.

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