Should the stock details be part of the partner agrement document in a startup?

#1

Post by iordachej » Tue, Feb 01, 2022, 2:03 PM UTC

When incorporating a C-corp, should the Partner Agrement contain the details about the share splitting with all their terms about vesting and others? I found a template online having no such details and I wonder if it should or not.

Thanks

Re: Should the stock details be part of the partner agrement document in a startup?

#2

Post by HelloNurse » Tue, Feb 01, 2022, 2:15 PM UTC

I know comments should be helpful and constructive, but in the long term it's best to remind you that Hacker News is neither your lawyer nor your business partner.

Re: Should the stock details be part of the partner agrement document in a startup?

#3

Post by iordachej » Tue, Feb 01, 2022, 2:19 PM UTC

HelloNurse wrote: post #2

I know comments should be helpful and constructive, but in the long term it's best to remind you that Hacker News is neither your lawyer nor your business partner.

Agree. I just want to know from a founder what was his/her approach. Knowing that "it is possible" is enough to encourage one to do further research and eventually hire a lawyer. Better than hiring one first for no reason.

Re: Should the stock details be part of the partner agrement document in a startup?

#4

Post by outsomnia » Tue, Feb 01, 2022, 2:21 PM UTC

iordachej wrote: post #3

HelloNurse wrote: post #2

I know comments should be helpful and constructive, but in the long term it's best to remind you that Hacker News is neither your lawyer nor your business partner.

Agree. I just want to know from a founder what was his/her approach. Knowing that "it is possible" is enough to encourage one to do further research and eventually hire a lawyer. Better than hiring one first for no reason.

If it is important, don't half-ass it.