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- Nov 14, 2018
- 180
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Hello everyone! I wanted to ask something. I ended up having a talk with my cofounder and we both agreed that it isn't working out. What do you think is the best way to move forward. I own 80 percent right now and he owns 20 percent, even though it's not in writing. We haven't made our first dollar yet and only started working on this a few weeks ago. He suggested the following 3 options:
1) I buy him out. He thinks we're worth 24 thousand dollars right now. This doesn't make any sense to me. Maybe I agree to this, but pay him out only if we end up making that amount in profit.
2) He leaves but keeps 5 percent equity.
3) We both go in separate directions, but both continue to work on the business (separate businesses).
1) I buy him out. He thinks we're worth 24 thousand dollars right now. This doesn't make any sense to me. Maybe I agree to this, but pay him out only if we end up making that amount in profit.
2) He leaves but keeps 5 percent equity.
3) We both go in separate directions, but both continue to work on the business (separate businesses).
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