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In a nutshell: “The corporation’s articles of incorporation, original and as amended, can be difficult to obtain from the state that issued them, and employees
by singleshot_ 4y ago
In a nutshell: “The corporation’s articles of incorporation, original and as amended, can be difficult to obtain from the state that issued them, and employees or others investing in the company may not realize that what’s hidden in the articles may later prove to be of critical importance.”
Entering a startup without understanding liquidation preferences would be insane, but handing an employee a copy of the cap table and the Articles would be insane too.
The solution, of course, is to build furniture in your garage.
- cyanydeez 4y agoRight, the absolute garbage that is corporate disclosure aids and abets the scam cum business model
- singleshot_ 4y agoYou sound like I might be able you convince you to join my furniture cooperative. Shall I send you our ESPP agreement?