Founders Agreement Questions

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...

LLC Partner Founders Agreement Partnerships

asked Apr 23 '13 at 03:07

Dragonman
120 points

Between me and my 5 other co-founders, we are deciding who will hold the CEO position. It has come down to me and another founder. I was told from one of my other founders that they thought I...

Founders Agreement Founders Agreements CEO Titles

asked Sep 19 '14 at 19:25

User34135
11 points

I am a part of a software startup that includes the following six founders. We are about to seek VC and we need to make sure that we split the equity in a fair/correct manner. Based on the...

Equity Part Time Founders Agreement Shares

asked Sep 23 '14 at 23:35

User34135
11 points

A & B have started a company a few months back. Both of them have built the product together and are equally enthusiastic about its success. However, Mr. A has been involved full time (in the...

Co-Founder Equity Founders Agreement Fulltime

asked Sep 1 '13 at 03:58

Andysax
6 points

Is it possible on the Shareholders Agreement to have both a shotgun clause and a put/call option clause? Thank you for any advice.

Founders Agreement Purchase Agreement

asked Aug 23 '13 at 06:59

Dave
8 points

I'm the technical co-founder at a startup. We have soft-circled nearly 50% of our seed round, are participating in an accelerator this summer, are rapidly acquiring new users, and have been in...

Equity Founders Agreement Founders Stock Options Vesting

asked Jul 25 '13 at 00:28

Sohan Jain
6 points

I took part alone in a 4 months acceleration program for startups, during which I worked on the idea, I did market and customer research and all the usual things needed before start a new company....

Getting Started Co-Founder Equity Founders Agreement

asked Jun 10 '13 at 06:51

Andrea
26 points

my business partner and i recently decided to terminate our partnership. primarily my decision, but he reluctantly has agreed. we have one concept (a web consumer service/app) that we spent 6...

Equity Founders Agreement Dilution

asked Jul 3 '13 at 23:53

User732013
1 point

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...

Legal Founders Agreement Partnerships

asked Apr 23 '13 at 20:17

Thedp
106 points

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...

Co-Founder Equity Founders Agreement Shares

asked Feb 23 '13 at 00:12

Jean Pierre
48 points

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...

Partner Equity Founders Agreement

asked Aug 17 '12 at 06:04

Steve
11 points

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...

Legal Founders Agreement Founders Business Selling Business

asked Aug 20 '12 at 15:40

Anonymous
11 points

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...

Partner Legal Founders Agreement Agreements

asked Aug 29 '12 at 18:37

Kraken
16 points

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...

Equity Founders Agreement Conflict Of Interest

asked Jul 7 '12 at 07:53

Dan
11 points

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...

Software Equity Founders Agreement Team

asked Jul 11 '12 at 21:24

John M
8 points

If a friend casually wanted to hack with me and we wrote something that took off, are they entitled to equity in my company?

Founders Agreement Founders Intellectual Property

asked Jun 24 '12 at 06:04

User18524
31 points

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...

Co-Founder Equity Founders Agreement

asked Mar 31 '12 at 04:30

Roby
11 points

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...

Founders Agreement Business Partnerships Agreements

asked Jan 28 '12 at 13:58

Dave
124 points

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...

Co-Founder Equity Part Time Founders Agreement Partnerships

asked Jan 6 '12 at 11:22

Local79
21 points

(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...

LLC Equity Founders Agreement

asked Dec 22 '11 at 06:25

Jeff Townsend
21 points