2 ms·
Interesting. I'd be interested in knowing exactly how that equity structure was set up for an LLC. My lawyer was very convincing that, specifically with regar
by vitovito 12y ago
Interesting. I'd be interested in knowing exactly how that equity structure was set up for an LLC.
My lawyer was very convincing that, specifically with regards to reincorporating as a C corp later to take on investment, that there was no assurance that the LLC's equity structure could be guaranteed to survive that transition, and it wasn't worth our time or money to try.
We had no vesting in that instance, we were all immediate equal co-founders.
- tptacek 12y agoThe all-equal-cofounders scenario is the one where vesting matters the most.