Tagged Questions
0
votes
1answer
15 views
Question About C-Corp, Shareholder, and Officer
Person A wants to start a C-Corp in California operating a news website. He is wondering if the following form is legal?
A is the only Shareholder and the only Director owning 100% equity.
A will ...
4
votes
2answers
215 views
Left my startup pre-launch. What percent equity is fair?
6 months ago I quit my job to start a startup with two other people. I'm the business guy. I worked full-time on the project from day No. 1, and made substantial contributions to branding, customer ...
7
votes
6answers
334 views
Sticky IP situation
We are in a sticky situation, that is no ones fault but our own. We had approached a developer to join our startup. After showing him the project he was excited and decided to join. Our mistake was ...
-1
votes
3answers
185 views
How to fire my Partner
I started a company in August of 2012 signing up 25 customers as a separate part of a corporation I have had since 2010 and brought in a partner in September. The partner did not put in any money but ...
0
votes
2answers
22 views
Director service contracts
The two of us are going to found a company and will work on all necessary tasks without taking pay at least for the first year. In this case, are we going to be Executive Directors? If so, will we ...
2
votes
0answers
44 views
how to proceed with negotiations with contractor/early employee [duplicate]
Possible Duplicate:
Forming a new software startup, how do I allocate ownership fairly?
I am one of three cofounders at an early stage startup. We have been working with an outsourced ...
3
votes
3answers
196 views
Do I have to sell my shares to my cofounder?
Our company ran low on funds about 4 months ago. We decided it would be best If I took on an advisory role and went to work elsewhere to cover my personal expenses. I have vested shares in a large ...
2
votes
1answer
204 views
Startup equity for co-founder
I've been working at a pre-launch startup for the past year (going to launch in the next several weeks). I'm supposed to sign my Stock Purchase Agreement soon, but wanted to run this by to see if I am ...
2
votes
2answers
152 views
Will my ex-partner have claim over my new business?
Background: My friend and I talked about building an application, saying this is the idea, let's see if we can develop something around it. After thinking about it for a few weeks it seemed not very ...
2
votes
2answers
174 views
Terms of agreement with a co-founder after split-up
I recently quit working with my co-founder. We had started a software business together and had agreed on a certain profit share. But shortly after the launch of the apps, we had to split because he ...
4
votes
1answer
190 views
Received a technical co-founder offer contract. Advice
Myself and two partners are the business end of a new start up. We have been looking for a fourth and final co-founder, which would be our programmer. We found one that wants to be a part of what we ...
0
votes
0answers
64 views
Co-founding a Canadian startup while not being a Canadian resident
I've been invited to join a startup in Quebec as a co-founder. I'm not a Canadian resident, so I'm wondering if there are any limitations I might encounter (and if it's really possible at all).
If ...
0
votes
4answers
196 views
Contract for start-up employees and how to secure myself as the leader of the company
I'm a computer science student and have had an idea for a website for a while. Up until now, I haven't told anyone about it(even my family and girlfriend). Anyways, I decided to tell a friend of ...
2
votes
2answers
150 views
Bringing in co-founder after launch
I have been bootstrapping for 1.5 years, coding part-time while keeping my full time job. I have also invested some 10k into my project.
Now, the workload seems to pile up over time, and I know I ...
0
votes
2answers
133 views
Licensed software and due diligence: sufficient?
In the process of due diligence for an investment or for M&A, I ask:
Considering that all other software is property of the company, is it sufficient to have a non-core part of the software, ...
1
vote
1answer
128 views
Side projects while being a co-founder and officer of a company
There is already an awesome question and answers on IP and spare time related to employees:
If I'm working at a company, do they have intellectual property rights to the stuff I do in my spare ...
0
votes
2answers
115 views
IP: Maintain property over source code
I have code of mine, developed before joining the company as a co-founder, that I used for the company product (website) but want to retain the copyright and all IP rights to it and to be able to use ...
-1
votes
1answer
106 views
as one of the co-founders, can i have an equity and profit share both in mother holding corporation and subsidiary holding corporation?
the funders for my projects plan to put up a holding corporation. this holding corporation is intended to fund feasible projects by various project proponents not only those projects by me but ...
1
vote
1answer
118 views
How to divide assets of a defunct business?
I'm going through a breakup right now with my partner, where he and I started the company as 50/50 owners and then later brought on a third party which was then split 38/38/24 between us. This was a ...
2
votes
2answers
187 views
Introducing the idea to friends I'd like to add to the startup - How to and at which conditions?
I'm in the process of trying to establish my first startup.
At the moment I'm working with a friend of mine on developing the idea, and we had already created a prototype for our product on a mobile ...
0
votes
1answer
67 views
How to make sure ,to be partner won't turnback after getting the lead
We are planning a start up website to sell few products which are available locally but have quite demand on other places.
Here to outline I have the following experience:
1. Strong Technical ...
15
votes
5answers
938 views
Is it considered stealing to create a startup around someone else's idea?
A business partner and I have been "working" through email together on this idea HE had. I've put in 25 hours a week for the past 3-4 months developing it, and he hasn't done much of anything on his ...
6
votes
9answers
949 views
How do I deal with a co-founder who hasn't contributed?
Question: How do I deal with a co-founder who came up with the idea, asked me to partner with him, and now hasn't done anything since we agreed on going into business together.
Background: My friend ...
1
vote
1answer
171 views
Leave Seed Stage Startup - Partnership Issues
My partner and I started an online service. When we formed the idea for the company, we came out strong with a lot of energy, but it seems as if my partner's priorities are now elsewhere.
I'm the ...
19
votes
6answers
989 views
Teammates have pushed me out of our venture. What to do now?
I along with 3 other people created a concept for an innovative Ecommerce platform as part of a 5 week startup pre-incubator. We had a great run and on demo day we won the audience and panel of ...
2
votes
2answers
221 views
Restricted stocks and co-founders firing each other
I am part of a 3 member start-up. When we started(6 month) ago we split the equity equally between us and signed a vesting agreement with a 1 year cliff.
We have been having some internal ...
4
votes
4answers
183 views
How should I structure my web start up considering one of my new partners is in Sweden?
I've started a website that has gained significant popularity. While we don't make any money yet I now require the help of another person. The individual that I have brought on lives in Sweden. I want ...
1
vote
1answer
203 views
Bringing on equal partner after starting solely bootstrapped?
I came up with an idea for a startup, and after trying to start other ventures with non-paid partners I knew the only way to get this done right was to hire a developer straight up to code the ...
6
votes
2answers
253 views
Is there an inbetween step between “a trial period” and “co-founder”?
Greetings,
I am planning on joining a start up with someone as a co-founder and right now we're in a hurry to get product off the ground. I've worked with this person in
a trial period and I ...
2
votes
1answer
179 views
I was just offered a position as cofounder of a startup with someone who I have not known previously are there any legal steps to take?
I was just offered a position as cofounder of an already established startup. The revenue on it is minimal. This was the first I had met the founder. Are there any legal steps or other steps I should ...
12
votes
4answers
2k views
How can I quit from my own company
I co-founded a consulting company in Vancouver 4 years ago with 2 partners. One of us is working full-time with the company and getting a modest salary. Me and my other partner are doing couple of ...
0
votes
5answers
209 views
Identified a problem, me and a friend came up with a solution, moved apart (cross country), I continued working on the project, he did not
I moved abroad for 6 months and one day me and my roommate identified a problem and came up with an idea for the solution. I thought it was brilliant and immediately started brainstorming, we checked ...
5
votes
5answers
1k views
How can I leave my startup and keep all of my shares?
I am really pleased I have found this forum as I need some help.
I am a co founder of a privately funded start up. We are having some success and we have just received some awards and have some ...
0
votes
3answers
352 views
Bootstrapped Startup - What Legal Forms to Put In place
I am looking for a co-founder now for a project that would love to get up and running. As an initial formality are there any documents out there that can outline in basic terms what each person is ...
2
votes
3answers
271 views
Several web projects with different co-founders under one company
I've been working on several web applications of my own. For each web app I have different co-founders and I own more than 70% of each app. I decided to incorporate a company (in BC, Canada) for tax ...
