Still putting off those founding agreements? Here’s how it can cost you

2012-11-30 00:00

OUR law practice deals with a lot of startups — we love working with innovative, entrepreneurial teams of people. But we also, sadly, get to see some startups implode because their founders put off doing some of the boring-but-critical foundation work like drafting a careful, appropriate founding agreement (including a memorandum of incorporation and/or shareholders’ agreement).

But he still holds a third of the shares, so he’s fully entitled to his third of dividends. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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