“Damn, I’m going to have to part company with Debbie – how do I even do that?”
Firing a co-founder isn't like an employee termination, it's more like a divorce. It's messy, it's complicated, and it usually involves both parties being poorer for it.
But unlike a divorce, there's not a lot of discussion out there about what is even possible or where to turn.
Let’s dig in, shall we?
As an employee, almost anyone can be fired, although there may be jurisdictional laws in your area of the world that require certain steps or conditions.
But co-founders are typically not just employees – they own stock (usually, a lot of it) – so these conditions become far more complicated. Plus, some of these issues may exi...