I'm the sole founder of a recently launched web startup and I have someone interested in joining me as a cofounder, which I'm thrilled about. We've talked online and I'm very optimistic about our partnership, but at the same time I want to cover my bases just in case things doesn't work out.
And before everyone says "talk to a lawyer": I will, to discuss my options for both incorporating and for adding a cofounder, however I'd like to head in there with an idea of what a good outcome is.
How, for example, should we split the equity given that I've been working on it for a few months and him not at all (yet)? Or maybe we can do something with vesting?
And is there a way for him to work on it for a few weeks so we have a better idea of how we well we work together while avoiding any tricky IP issues if it doesn't work out?
We're not sure how to proceed. Any advice?