| ||Ask HN: Dropping cofounder from an unincorporated startup, what are my options?|
15 points by floridageorgia 7 months ago | hide | past | web | favorite | 13 comments |
|I'm working on a startup, for which I've written all the code and done majority of the work (I've put in more than 2 years fulltime). I was in an informal partnership with my non-technical cofounder (who has put in about 3 months fulltime) and for various reasons I've decided to drop my cofounder and pursue the startup on my own. So far I haven't incorporated the startup.|
My goal is to provide closure for my cofounder and me, and avoid further legal ambiguity. My strategy is to incorporate an LLC and have an operating agreement, where my cofounder gets a minor % ownership (and walk away), while I get to run the startup on my own.
I have a couple questions:
1. Is my strategy sound or am I missing something?
2. To pursue this strategy, what are my options: Atlas, Legalzoom, hire a lawyer, etc? I haven't used any of these options before, please assume I know nothing.
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