What Ownership Stake Should a Departing Partner Keep?
I co-invented a line of products with a friend. We own 100 percent of the company, in equal parts, so I own 50 percent. I need to leave the company due to personal reasons and my partner needs to bring on another partner. My business partner believes I need to give up 40 percent of my share of the company in order to bring on another partner. Is this standard practice? Is 10 percent too low for a co-inventor?