FYI: co-founder leaving before cliff

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.

Illustrative scenario prepared by my practice.

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

Hypothetical question

Quick background on my situation — any input appreciated.

co-founder leaving before cliff. I've been dealing with this for about 12 months now and the situation isn't improving.

I have already done some research online but the other party is not cooperating.

Am I overthinking this or is this a real legal issue worth pursuing?

Illustrative response

NAL, but from what I've read, you should check your state's specific laws. Of course the details matter a lot here.

Illustrative response

I've dealt with this before.

The #1 mistake I see here is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

Illustrative response

Following - going through similar formation decisions.

Illustrative response

Consider future fundraising needs when choosing your entity type.

FYI: co-founder leaving before cliff

Related Resources