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Hello peeps.
Can anyone provide any advice on how to dissolve a startup partnership without shutting down the company and/or ending up in court? I’m keen to talk to anyone who can provice good advice.
Thanks
Niall
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Hi Niall, Cristian Oancea, Roland Szabo, Ezequiel Sarra, Lorenzo Espinosa, Jules Haughey, Oliver Burt, Mike Smales, Jacob Lehman,Deepak Kasthwal, Toby Sawyer, Chris Bracegirdle, Katie Hudson, Christian, Andrew Bartlam, Ice White, Solene Oudet, Jenny Collins might be able to offer some advice
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I am not an expert, but here are some thoughts prompted by your post:
You have a company and a partnership? Or just one entity?
How old is it?
How many partners/shareholders/directors?
Has the entity traded?
Does it have assets and liabilities?
Is the windup amicable?
My advice is – get professional advice, get this wrong and it could come back to haunt you.
If it is straight forward/amicable, I have found 1st Formations good – https://www.1stformations.co.u…
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Thanks James
There’s probably a case study in this on how not to do it, but to answer your questions:
You have a company and a partnership? Or just one entity? – Company although I am the sole shareholder as the arguments around who would get what shreholding were never resolved.
How old is it? – 6-8 months
How many partners/shareholders/directors? – Technically just me.
Has the entity traded? – No. I want to make the change before we get the applicat…
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Niall Brady posted in the group The Community
Got a new gig I’m working on.
Spread the word. The rebellion is coming.
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Ooo Niall Brady! Love the site – what a brilliant idea, and wonderful use of your experience to create better circumstances for others.
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Tagging your fellow Catapult cohort so they can find out what you’re up to now: Daisy Meakin James Bebbington Jeff Jones Prashant Singh Rus Newton Hermeet Gill Anuraag Jain Nrinder Jemma Nahush Krishna Rebecca Claire Graves Akinwande grace olson-davidson Harpreet Sharma Katerina Hayes Linh Rebecca Beck Ginnie Dallard Frederick Leuschner Marcus van der Gaag Robina Sutch David Fulton
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Powerful stuff Niall Brady and great landing website which explains everything and the case to change really well
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Just finished this. Its hard to tell if this kind of behaviour is leaking out from the startups into the larger corporates or if its just endemic, but I’ve seen it multiple times over recent years. Its like The Office for tech startups.
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Maybe we should try add this to our next Book Club choices?!
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Something for the argument around the best way to charge clients.
https://levelup.gitconnected.com/should-freelancers-charge-fixed-price-or-hourly-4883fe147193
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Very interesting Niall Brady – definitely a question that comes up a lot in the community. We are hosting a fireside chat event on the topic of ”Knowing your worth” where I am sure this will be covered. Hope to see you there! https://share.hsforms.com/1XvFRHI8_TpaIjL7-4GBzKg4sm69
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What a timely post! So looking forward to next week’s fireside, and I’ll make sure to include some of the points raised as questions for our panel!
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Niall Brady posted in the group The Community
Saw this and thought it might be interesting.
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Thanks Niall Brady
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Definitely interesting – and I particularly like the examples of how others have done it. Side hustles can go onto to be so much more with time and a little ingenuity.
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I’m not an expert Niall Brady but would happy to discuss this at our Pathfinder Check-In on Monday