Legal workflow

Separate a founder

Sequence the resignation, board action, equity repurchase, and records cleanup for a Delaware founder departure.

What do you need to do next?

Understand the document sequence

Start with the Delaware founder-separation practice guide.

Review the records pack

Use the family checklist or choose a document-specific checklist.

Ordered legal workflow

Document a Delaware founder separation

Understand the document sequence, review the full records pack, then prepare the resignation, board action, and repurchase instruments that the facts require.

  1. Practice guide

    Founder Separation and Stock Repurchase: How to Cleanly Document a Founder's Departure from a Delaware Startup

    Understand the Delaware power-versus-mechanics framework and the required document sequence.

    Coverage
    Delaware (DGCL)
    Last reviewed
    Authorities
    Primary law

  2. Reviewer checklist

    Founder Separation Reviewer Checklist

    Check the records pack for missing approvals, instruments, and corporate-record updates.

    Coverage
    Delaware (DGCL)
    Last reviewed
    Authorities
    Primary law

  3. Template

    Founder Resignation Letter

    Document the positions surrendered and the effective date that starts the repurchase clock.

    Version
    0.1.0

  4. Template

    Founder Separation Board Written Consent

    Record the board action that accepts the departure and authorizes the cleanup steps.

    Version
    0.1.0

  5. Template

    Founder Stock Repurchase and Cancellation Agreement

    Document the repurchase and cancellation mechanics against the founder’s existing stock agreement.

    Version
    0.1.0

Available materials

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