I have a solution with solution folder and projects. Get the whole soure code from TFS in a local folder say c:\\mycodes Then copy the folder c:\\mycode to another folder c
You must also edit the .sln file, because Visual Studio stores TFS Bindings mostly in this file, one line per project.
Err, wait. You'll still use some source control, right ? Even if I'm no fan of TFS, dropping it for no source control would be a poor move.