I. Am. Done.
June 25, 2008 5:47 PM Subscribe
I am breaking up with my business partner. How do I best do this?
posted by SoulOnIce to human relations (11 answers total)
My business partner and I decided to start our company several years ago and now I need to get out now. Long story, short, I refuse to continue to be miserable. All hope for change is gone.
I am sooooo done. Done. Done! Having said that, there are some issues inherent in the situation that I need to consider and try to figure out.
1. I own about 1/3 of the business. When I walk out, I'm assuming my shares are my shares, do I need to worry about losing them? Is there a way for them to somehow weasel me out of them without my approval? There is a push to sell the business and I want to be sure that if it does happen, sooner or later, that I still retain my shares. I also don't expect to be getting a paycheck, but if the company sells, I want to make sure I get my share.
2. I have been the only IT person on staff and I am the only one who knows all the passwords, accounts, etc. I plan to write a document that provides all the info in as much detail as possible. We just hired a new programmer, should I be trying to put him on the fast track to at least being able to address issues after I am gone? What else should I be doing? I don't want to put the business in a bad situation, but I don't want any phone calls about how to fix this or that. OR, should I not give a good goddamn?
3. She can be a highly vindictive person and has really showed her ugly side when talking and referring and dealing with past employees, even those who have left on "good" terms. I'm 110% sure she'll have a field day when I leave. Because I don't trust her reaction, I am thinking I will not be giving any kind of notice and will not be negotiating any kind of transitional period. I plan to have one foot out the door when I talk to her, tell her "I'm done" hand over the document and that will be that. Once I walk out the door, I will not be taking any phone calls from her, I will not speak to anyone in the company at all unless via email and unless it's about technological issues that I may have missed in my document. Is that a good idea or no? Is there a better approach?
Also how do I deal with current company employees? I plan to cut them off too, not because I don't like them, but if they have contact with me, I consider it a tether to her and I do NOT want that. I am willing to give up those relationships if need be, but I am not sure if I absolutely need to.
4. I currently use a "company" computer as my day-to-day box. Should I anticipate them wanting it back and should I plan accordingly?
5. Even though I will be out of the day-to-day business of the company, what rights do I have when it comes to company business? Even something as minor as keeping my business email address, can I still have it?
What else am I missing here or not thinking of? Anybody been through something similar?