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  • How to not get sued after firing my “co-founder”

    updated 2 years ago 0 Member · 1 Post
  • David

    Member
    July 16, 2019 at 6:52 am

    I started a startup in September 2018, and I was literally the initial founder who did all of the legal paperwork, development, and deliverables in place. I wanted to raise seed funding so I asked someone to be my “co-founder”. We never wrote a legal founders agreement that really displayed his responsibilities nor did we have legal agreement on equity. I was planning on giving him the same amount of equity as I have, but he was just very unproductive. Missing out on deadlines, waiting on me to code everything while he sat on his ass and claim as the co founder on Instagram and email. We went weeks going no communication and he literally rejected doing any work until the product was live. In January 2019, I called him and let him go. I still want to continue as the Founder of the company but I am worried that he may sue in the future. Remember, there are no legal signatures or proof that determine that he had any sort of equity or ownership in the company. Everything is still 100% of my ownership. Can he still sue? Or can I continue on and imagine that he never even existed. submitted by /u/Spizzaz [link] [comments]

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