Founder’s Relationships and Agreements
Fundamental Questions Regarding Founder’s Relations
As discussed later in this chapter, one of issues that the founders need to consider is the form of legal entity for operation of their new business venture (e.g., corporation, partnership, or limited liability company); however, regardless of the form of entity selected the founders need to sit down and carefully discuss the relationship that will exist among the founders with respect to ownership and management of the business before outside investors are brought into the picture. When properly done, the ownership structure will protect the rights of each founder while creating incentives to make the business grow well into the future. The ...
Get Founders now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
