Can someone help me with this? If you have a co founder who exited 6 months with a small % of the company, does this person still have the right to review the financials and make suggestions to

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+1 to Accenture 1s point. Operating agreement should cover in detail what happens when a founder leaves and what their role is after separation.

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Really depends on the operating agreement of the company. Typically it should denote what % of equity allows for partial control/insight of the company. A lot of times these types of folks move to a board seat instead Given this is a startup... really anything goes. Just depends if the other co-founders like them or not 😉

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He should have zero questions in day to day ops and mgmt. As you said he is shareholder now - watching from the sidelines. Unless his suggestions and support are really helping the business- then it’s your call

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To improving the operations? Seems to me the cofounder gave up the right to participate in the business once this person becomes a shareholder? How much involvement does this person have over the business?

This person exited really abruptly but wanted to have a say in operations and review financials. Don’t really have time for this, but this individual is really persistent in wanting info, it’s getting to a point that is annoying everyone.

I would imagine his shares are vested over time. Plus there if there was a cliff he may forfeited his shares and say.

Check the operating agreement and founders agreement

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