5 ms·
Ask HN: Can I see your vesting agreement?
My partners and I are about to incorporate and we want to put a vesting agreement in place.
We've got an accountant who will do everything for $500 (S-Corp filings, vesting, articles of blah blah). Still, if we do it ourselves, we only pay the state fees of $150, saving $350.
But, I've never put together a vesting agreement before. Previous ventures were partnerships where we split equity up front.
So, does anyone have the legal docs necessary for creating a vesting agreement? Or, should I just pay the money and have the accountant do everything?
- brk 18y agoPay the money. Not only will it be done right (hopefully), but it's good to build a relationship with a lawyer/accountant early on. If you're personable, you can usually call up once or twice for a quick bit of advice/answers at no charge, and when you need it, that will be worth the $350 fee easily.
- csomar 18y agoagree, but also he must have some information about what this accountant is doing this will avoind him of being scammed or rolled by the accountant.
- MicahWedemeyer 18y agoWe've worked with him before and he came recommended from a friend running a small business. He might still be scamming us, but so far we've been pleased.
- dmillar 18y agoYes, pay the money. This is probably not what you want to hear, but I would consider consulting a business attorney to get these docs drawn up. I'm reminded of this: http://particletree.com/notebook/a-tale-of-two-legal-paths/ http://particletree.com/notebook/a-tale-of-two-legal-paths/
- MicahWedemeyer 18y agoThanks for the link. Funny how the legal fees dwarf everything else for a web startup. I could get a couple years' hosting for the price of drawing up these kinds of legal docs.