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Clarity

Andrew Medal

Orange County, California Area

Bootstrap Hacker (http://bootstraphacker.com). Founder (Digital Disruptive, http://disruptseo.com). CoFounder multiple startups: current: Intanib.ly (http://intangib.ly), FiSi (Fuck it Ship it Idea Incubator), Colabo & InventedX. Author, Hacking the Valley (http://hackingthevalley.info)

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Start-ups Web development Lean Startups Landing Page Optimization Mobile Apps Copywriting Bootstrapping your business Project Management Digital Marketing Strategy Capital Raising

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Andrew Medal answered

As a solo founder can I create "Founder Shares" to keep negotiations w/ potential co-founders just about equity (not control)? Potential downsides?

Simple answer:

For now, use an LLC. That way rather than having control be about majority/minority shares, etc. You can spell everything out in the Operating Agreement.

Obviously, when you take on capital you'll most likely transfer assets to "Newcorp," which should generally be an Scorp, but it does away with the obstacles you're facing.

I've done this multiple times successfully.

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Andrew Medal has proven to be an invaluable friend and business associate. Andrew's passion in every aspect of his life is something to be commended and aspired to. I have known him to push not only himself, but everyone around him, to be the best that he/she can be in every facet of his/her life. His ambitious nature in his professional life is only bested by his sense of good will and positive outlook in his personal life.

Justin Buckley Source: LinkedIn

Member since July 2013