I'm based in Hong Kong. I've read through a lot of information about share vesting for co-founders and realized that is definitely the solution I want. I'm now trying to figure out how to actually go about setting it up, but would rather not spend a lot of money on this.
Can all of this be done with a customized shareholder agreement in the LLC docs, or do I need to speak to a lawyer? (Would rather not speak to a lawyer because that will eat into most of our budget.)
If there are 4 co-founders each with share vesting schemes to eventually own 25% of the firm each, doesn't that mean that at the start we own 0% of the firm? Who owns the other 100%?
Or does one person in the company still need to hold at least 51% of shares and the other 49% reserved for vesting with the other co-founders?