The founders-agreement tag has no wiki summary.
10
votes
10answers
5k views
Contract with co-founder signed before starting startup?
Co-founder is someone we really trust. But still there is a possibility for dispute.
Is it better to put everything in writing and sign it before starting startup? Is it worth to pay legal fee ...
6
votes
4answers
276 views
If I write code with someone just together, are they entitled to equity in my startup?
If a friend casually wanted to hack with me and we wrote something that took off, are they entitled to equity in my company?
4
votes
5answers
298 views
How do I protect myself from being cut out once the core software is built?
Not that I have any reason to suspect that this would happen, but to be diligent, I need some advice on this.
I have been invited on board with a promising new Software as a Service web project, ...
4
votes
4answers
147 views
Need to form company now, but want to make ownership / equity distribution decisions later
(background - few startups, business side)
This is a situation that I've encountered a few times before. Seems not uncommon among startups.
You're kicking around an idea - let's say there are 2-3 ...
4
votes
2answers
611 views
Allocating equity - equal cash investment - unequal time investment
I am getting involved in a small start up - we have been discussing (3 partners) this for a few months and now is time to get everything settled.
We originally discussed a certain time allocation 4 ...
3
votes
3answers
134 views
Is it legal or even common to require business partners to sign a prenup in the event they get married?
I'm considering starting a company with a few friends. Each of us are single guys. We're wondering, is it legal or common for a company to require other owners to sign a prenup in the event they ...
2
votes
2answers
747 views
Founder stocks and Employee pool
Is it common to issue equity to CEO as Preferred stock but other co-founders as Common stock?
When setting up a 20% employee pool, it is common to have terms that the unissued equity will be issued ...
2
votes
4answers
230 views
What can a co-founder do to have a say in the company when everything goes in favour of the main founder?
A two signatory account
will be created but the
main founder can sign
without the co-founder
signature; on the other side, the co-
founder can not sign
without the main
founder's signature.
...
2
votes
3answers
428 views
I might be leaving a startup I co-founded. What are my options?
I co-founded a startup and have been with them for almost a year now. I own around 40 percent of the company, which is to be vested over 3 years. So far, about 1/3 of it has been vested. On top of ...
2
votes
1answer
146 views
Revoking a Partner's Equity
I am involved in a startup and one of our minority partners (owns 15%, vested 25% of that 15% with the rest over the next two years) is not meeting his side of the agreement.
I think we have the ...
2
votes
1answer
96 views
Green card application for founder
I've seen a number of questions / answers on H1-B visas for startup founders. That's not an issue in our case as the H1-B process has been pretty smooth.
The problem we have is that we are now at a ...
2
votes
2answers
193 views
Primary founder has conflict of interest but wants to retain equity position without quitting day job?
I am the primary founder of my start up. We have just received our first influx of capital. My current employer feels working on this would be a conflict. The start up has a management team in place ...
2
votes
1answer
248 views
Founders Agreement and NDA?
I am about to prepare a founders agreement to be signed by the founding team. Now, once we have the founders agreement, do we still need the NDA for each founders?
2
votes
2answers
614 views
Co-Founder or First Employee ? How much equity?
Joined together to create a new venture with my ex-boss, we shared a great work dynamics and gelled well together, had complimentary skills & liked the idea and hence I decided to start together.
...
2
votes
1answer
72 views
Co-Founders in multiple countries
I am working on an idea With friends across the continent, and we would like to go into development together and build the market in both the countries at the same time.Currently and in the immediate ...
1
vote
4answers
322 views
How to share equity among early investors, CEO and product developers in a technology startup
We are planning for a software startup and following is our setup.
There are 4 people who came up with idea. But these people can NOT code and build a product.
These 4 people are also going to ...
1
vote
1answer
112 views
Removing a bad partner?
Two month ago I've joined with two friends to build a startup.
I came with the idea and we started working. Two weeks ago, the first partner left the project due to lack of time.
The second partner is ...
1
vote
2answers
425 views
I'm a part-time founder working with two full time partners. What is an appropriate equity share?
This is an update to a question I posted a few weeks ago.
Help would be GREATLY appreciated.
I'm a co-founder of a new startup with two other partners. We are just hammering out terms (equity share, ...
1
vote
1answer
417 views
Sample agreements document for founders
Are there any good and short agreements document for founders? (not investors)
Focusing on:
Responsibility, e.g. hours of work (some of them may not be fulltime)
Vesting period
Any hints?
1
vote
1answer
36 views
Do I need my own lawyer on a partnership agreement modification
Back story:
I'm the majority equity and voting power holder in a multi-member LLC (Three members, I will call partnership). A year ago we had a partner's wife, who is a corporate lawyer, create a ...
1
vote
4answers
269 views
How to divide equity among 6 founders when you desire to also get VC funding
I am looking to create a company with 6 founders. Reason being...I need them all and they are all genius. Because they are all already highly compensated at great companies, equity will be my only ...
1
vote
1answer
311 views
Considerations such as vesting for Founder Agreement
I'm planning to file a Delaware LLC for a partnership where I'm the majority owner of our self-funded startup.
One key goal for me is to incorporate a vesting option among owners where equity is a ...
1
vote
0answers
88 views
Partner is leaving, is there any common legal agreement that will allow him to return?
We have a company that has three business partners (all of us are liable for whatever happens in the company). One of the partners is temporarily leaving the company as he can't fulfill his duties ...
0
votes
1answer
75 views
Equity split 50/50 and past contributions
I've checked other questions but none cover the topic of past contributions. I'm wondering how much weight does time spent before incorporating matter.
Do Founder A earlier contributions have enough ...
0
votes
1answer
48 views
What is the significance of members holding their interest in the company in “holding companies”?
We are putting together the operating agreement for our company, and one of the questions in the worksheet we are going off of is:
Will some Members be holding their interests in holding ...
