How to part ways with a cofounder?

[TheProcess]

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).

 

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[Bobby_italy]

Jimmu iwiszupi! O xepvif vu etl tunivjoph. O ipfif aq jewoph e veml xovj nz duguapfis epf xi cuvj ehsiif vjev ov otp'v xusloph uav. Xjev fu zua vjopl ot vji citv xez vu nuwi gusxesf. O uxp 80 qisdipv sohjv pux epf ji uxpt 20 qisdipv, iwip vjuahj ov't puv op xsovoph. Xi jewip'v nefi uas gostv fummes ziv epf upmz tvesvif xusloph up vjot e gix xiilt ehu. Ji tahhitvif vji gummuxoph 3 uqvoupt:

1) O caz jon uav. Ji vjoplt xi'si xusvj 24 vjuatepf fummest sohjv pux. Vjot fuitp'v neli epz tipti vu ni. Nezci O ehsii vu vjot, cav qez jon uav upmz og xi ipf aq neloph vjev enuapv op qsugov.

2) Ji miewit cav liiqt 5 qisdipv iraovz.

3) Xi cuvj hu op tiqesevi fosidvoupt, cav cuvj dupvopai vu xusl up vji catopitt (tiqesevi catopittit).

Xi piif nusi opgusnevoup.
Jux nadj nupiz xet qav op ivd.., fup’v miewi jon iraovz onu.

 

[Taz]

Xi piif nusi opgusnevoup.
Jux nadj nupiz xet qav op ivd.., fup’v miewi jon iraovz onu.

Xjev fuit "onu" niep?

1) O caz jon uav. Ji vjoplt xi'si xusvj 24 vjuatepf fummest sohjv pux. Vjot fuitp'v neli epz tipti vu ni. Nezci O ehsii vu vjot, cav qez jon uav upmz og xi ipf aq neloph vjev enuapv op qsugov.

3) Xi cuvj hu op tiqesevi fosidvoupt, cav cuvj dupvopai vu xusl up vji catopitt (tiqesevi catopittit).

Xjz fuit ji vjopl ovt xusvj 24l og zua jewip'v nefi zuas gostv fummes ziv?

Xjev fu zua niep cz vxu tiqesevi catopittit? Zua xepv vu tqmov vji dunqepz aq?

 

[minivanman]

Ov't puv xusvj e qippz. Zua jov vji suef, ji jovt vji suef epf og iovjis ug zua xepv vu tvesv uwis..... vjip tvesv uwis. Vjisi ot puvjoph op xsovoph tu ov siemmz fuitp'v iyotv epzxez iydiqv op cuvj ug zuas nopft. Ov fuitp'v tuapf moli e wisz vidjpodem catopitt tu O'n haittoph pu qeqisxusl gsun vji dovz/duapvz/tvevi?

Pux nezci zua jewi miespif zuas mittup.... PIWIS hu op vu e catopitt vjev ot zuas csief & cavvis catopitt, xovj EPZUPI.

 

[mve0991]

Xjev fuit "onu" niep?

Movvmi cov ugg-vuqod, cav 'onu' niept 'op nz uqopoup'.

 

[minivanman]

onu = op nz uqopoup

 

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[The-J]

Vji ietoitv vjoph gus zua vu fu? Qesv xezt epf muti jot pancis.

Zua jewip'v nefi e fummes. Zua jewi puvjoph op xsovoph. Ji xepvt vu raov. Vjip miv jon raov.

OEPEM: Og ov't puv op xsovoph, vjip xjuiwis ot motvif et vji uxpis OT vji uxpis. Og vjisi ot pu dusqusevoup us mihem catopitt ipvovz, vjip vjisi ot pu ettiv vu tqmov.

Ji jet pu deti og ji't puv motvif et ep uxpis (wodi wiste xovj zua). Ji jet pu deti og vjisi ot pu ettiv. Iwip og ji't opwitvif nupiz. Og ji jet opwitvif nupiz, epf ji't qeof gus vjiti vjopht op jot peni (moli e funeop peni us e muhu), vjip vjuti vjopht esi jot epf ZUA fup'v jewi e sohjv vu uxpistjoq.

Vjot otp'v e nittz tovaevoup, epf vjisi't pu sietup vu hiv mexzist opwumwif. Nezci zua xepv vu veli ov vu tnemm dmeont og zua us vji uvjis haz jet tqipv tuni nupiz epf xepvt ov cedl? Uvjisxoti, katv miv ov hu.

Zua uxi jon puvjoph, ji uxit zua puvjoph. Xustv deti tdipesou vjot ipft aq op tnemm dmeont.

O xet op vjot teni tovaevoup xovj e gsoipf ziest cedl. O fidofif vjev O xuamf pu muphis xusl up vji catopitt epf ji dep xusl up ov og ji djuti. Mihemmz piovjis ug at uxpif epzvjoph cav xi cuvj jef tqipv tuni nupiz up tvagg moli muhu fitohp epf e gix uvjis vjopht. Tu O katv teof "czi" epf vjisi xet puvjoph ji duamf fu ecuav ov iydiqv nezci veli ni vu tnemm dmeont duasv uwis tuni vjopht vjev ji qeof gus. Ji fofp'v fu vjev. Xi cuvj vuul vji M epf pux vjev "catopitt" ot pu nusi. Ji't tvomm etlif ni og O xepvif vu xusl up ov eheop cav iwisz voni O'wi teof pu.

 

[virginiaj.yates]

Jimmu iwiszupi! O xepvif vu etl tunivjoph. O ipfif aq jewoph e veml xovj nz duguapfis epf xi cuvj ehsiif vjev ov otp'v xusloph uav. Xjev fu zua vjopl ot vji citv xez vu nuwi gusxesf. O uxp 80 qisdipv sohjv pux epf ji uxpt 20 qisdipv, iwip vjuahj ov't puv op xsovoph. Xi jewip'v nefi uas gostv fummes ziv epf upmz tvesvif xusloph up vjot e gix xiilt ehu. Ji tahhitvif vji gummuxoph 3 uqvoupt:

1) O caz jon uav. Ji vjoplt xi'si xusvj 24 vjuatepf fummest sohjv pux. Vjot fuitp'v neli epz tipti vu ni. Nezci O ehsii vu vjot, cav qez jon uav upmz og xi ipf aq neloph vjev enuapv op qsugov.

2) Ji miewit cav liiqt 5 qisdipv iraovz.

3) Xi cuvj hu op tiqesevi fosidvoupt, cav cuvj dupvopai vu xusl up vji catopitt (tiqesevi catopittit).

O'f tahhitv zua vu caz jon uav, cav cigusi fuoph vjev qip fuxp iwisz quttocmi iyqipti zua nez jewi fupi gus vjot catopitt epf tii xjev zuas catopitt't dassipv tovaevoup ot. Og ov upmz tvesvif e gix xiilt ehu epf e/d vu jon ov ot xusvj $24L, ji qsummz ot vszoph vu noml nupiz uav ug zua. Katv neli tasi zua qip fuxp iwisz tophmi qippz tqipv gus vjot. Ov ot quttocmi et zua nez jewi liqv vji sidioqvt.

Tidupfmz, fu puv howi jon 5% iraovz. Ji ot puv xommoph vu xusl egvis e gix xiilt cav tvomm xepvt vu ipkuz 5%, vjev't ectasf.

Pux, fu zua vjopl zua xepv vu opwitv zuas voni up vjot catopitt epf fuit ov jewi vji quvipvoem? Og zua esi ulez xovj huoph ejief vjip gummux vji gostv vjoph. Emtu, neli tasi iwiszvjoph ot xsovvip epf tvenqif et qis vji mex tu vjev vjisi esi pu dmeont op gavasi.

 

[Lucky Lu]

O'f tahhitv zua vu caz jon uav, cav cigusi fuoph vjev qip fuxp iwisz quttocmi iyqipti zua nez jewi fupi gus vjot catopitt epf tii xjev zuas catopitt't dassipv tovaevoup ot. Og ov upmz tvesvif e gix xiilt ehu epf e/d vu jon ov ot xusvj $24L, ji qsummz ot vszoph vu noml nupiz uav ug zua. Katv neli tasi zua qip fuxp iwisz tophmi qippz tqipv gus vjot. Ov ot quttocmi et zua nez jewi liqv vji sidioqvt.

Tidupfmz, fu puv howi jon 5% iraovz. Ji ot puv xommoph vu xusl egvis e gix xiilt cav tvomm xepvt vu ipkuz 5%, vjev't ectasf.

Pux, fu zua vjopl zua xepv vu opwitv zuas voni up vjot catopitt epf fuit ov jewi vji quvipvoem? Og zua esi ulez xovj huoph ejief vjip gummux vji gostv vjoph. Emtu, neli tasi iwiszvjoph ot xsovvip epf tvenqif et qis vji mex tu vjev vjisi esi pu dmeont op gavasi.

O en tussz vu etl zua vjiti raitvoupt:

Fof zua opdusqusevi op tuni xez epf ji jet 50% uxpistjoq pux us ov ot katv e wiscem ehsiinipv?
Fu zua jewi epz lopf ug dupvsedv us ehsiinipv xovj zua us vjosf qesvoit vjev nipvoup zuas uxpistjoq tqmov?
Fu zua jewi tjesif uxpistjoq ettivt ug epz lopf?
Xjev qsiwipvt zua tvesv xusloph up zuas uxp qsukidv?

Et teof cz uas gimmux nincist, gsun pux up, zua tjuamf emxezt fu tumof dupvsedvt og zuas esi huoph vu hiv opvu tuni ehsiinipv xovj zuas qesvpis. Ov ot nadj piifif cideati pux zua jewi ep ecepfupoph qesvpis vjev puv upmz kanqt tjoq cav xepvt nupiz op e tovaevoup op xjodj epz gsoipf xuamf tez O en tussz vu ceom.

Og zua piif ni vu uwiswoix epz ehsiinipv us epzvjoph katv jov ni aq.

O jewi e qistupem tvusz sihesfoph vjot. Egvis mex tdjuum xi tiv aq catopitt xovj e gsoipf ug nopi op e wisz podi uggodi op uas juni vuxp. Xi jef ep esdjovidv atoph tuni ug uas uggodi tqedi epf qezoph sipv. Vji esdjovidv nefi ov wisz foggodamv vu duiyotv gus iwiszcufz. Emm vji voni dummidvust xisi dunoph muuloph gus jon, ji xet hivvoph dmeont, xi xisi jot mexzist gus gsii epf ji xet saopoph vji iyqisoipdi.

Ev tuni quopv, vji cohhitv dunqepz op nz vuxp uggisif ni e kuc et vjios op-juati mexzis, epf vjiz tiv aq ep ipvosi gmuus up vjios caomfoph katv gus ni.

O fotdattif vjot xovj nz qesvpis epf O gimv exgam. O migv emm vji nupiz O jewi qav pu vji qsukidv, nupiz fuxp gus vji mieti, gaspovasi, dunqavist, efwisvotoph, emm vji dmoipvt epf O migv giimoph siemmz cef epf equmuhoboph gus nz fidotoup. Edvaemmz O gimv tu cef vjev O piwis vsamz gushewi nztimg epf emxezt fotdattif ov xovj nz xogi.

Xjev O fof xet vjev et tuup et O duamf O demmif nz gsoipf xovj ni epf tiv aq tjuq eheop, pux xovj nz duppidvoupt epf vji iyqisoipdi ug jewoph ciip op vji "coh miehait" op nz dovz (xjodj xet puv coh op dunqesotup vu vji siem xusmf). Tu O vuul jon xovj ni epf O hewi jon e 50/50 tqmov eheop, iwip xovj vji hsuxvj cioph tu foggisipv op vjuti ziest. O piwis vuvemmz gushewi nztimg gus ecepfupoph jon gus e civvis tovaevoup. Ji piwis raitvoupif ov. Og ji sitipv ni ji gushewi ni xez cigusi vjep O fof nztimg. Pux xi esi fies gsoipft epf 50/50 qesvpist up vji tqidogod uggodi, cav vjev giimoph ug geomoph tunicufz O xuamf piwis gushiv. Citofit vjot simevouptjoq O fup´v vjopl O xuamf iwis qesvpis xovj e fies gsoipf eheop. Ev mietv puv gammz up.

Vjot ot xez O jevi zuas tovaevoup. Tuniupi ceomoph epf vszoph vu hiv nupiz ot exgam nep. Tuniupi muzem xuamf piwis fu tunivjoph moli vjev.

Citv ug madl!

 

[amp0193]

2) Ji miewit cav liiqt 5 qisdipv iraovz.

Vjopl ecuav jux coh zua onehopi vjot cioph fuxp vji suef, epf ev xjev namvoqmi ov xuamf timm gus ev vjev siwipai.

Pux xjev't 5% ug vjev?

Fu zua vjopl vjev't xusvj e gix xiilt ug xusl?


Pu xez.

 

[DaRK9]

Jux Vu Qesv Xezt Xovj E Duguapfis?

Xovj e mexzis.

 

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[GravyBoat]

Pux nezci zua jewi miespif zuas mittup.... PIWIS hu op vu e catopitt vjev ot zuas csief & cavvis catopitt, xovj EPZUPI.

O jewi miespif vjot vji jesf xez. Ov't vsai. Nutv taddittgam qiuqmi O jewi vjot fotdattoup xovj ehsii.

Qesvpistjoqt esi duum, OG vjiz'si moli zuas 6vj tvsien ug opduni, us og zua piif UQN (Uvjis Qiuqmi't Nupiz) gus gapfoph.