When one decides to embark on a business venture, it is always important to study the implications of legal business decisions made, or not made. Not doing so can cause significant legal problems in the future. ·Is each founder’s percentage ownership in the company subject to vesting based on continued participation in the business? ·If one founder leaves, does the company or the remaining founders have the right to buy back the departing founder’s shares? A lawyer can always advise on the best choice, with each one of them having its distinct pros and cons.

Source: Standard Digital July 29, 2020 08:37 UTC