Hey,
My business partner and I are now in the stages of setting up a shareholder's agreement between the two of us but things are a bit complicated and I am looking for some advice.
He has personally worked on the IT component of our company and so we are trying to figure out how to best set things up so it's fair moving forward, and I'm trying to understand what would work best for me. The options -
1) We evaluate the IT component separately and roll it into the company where my partner has 100% preferred shares each valued at 1K for a total of $100,000, and then we set up common shares to 60 for him, and 40 for me moving forward.
2) We skip the preferred shares set up, in which case he is agreeing to having the common share split to 33.33 to me, and 66.66 to him.
This is all a bit confusing to me and I am hoping to gain some clarity as to what would be the best situation for me moving forward, and I don't get potentially screwed if/when we have an opportunity to sell the company. It's important to note that we will outline the voting rights within the company will remain 50/50, regardless of the share split.
Any feedback would be greatly appreciated, thank you!
Submitted November 05, 2018 at 11:04AM by zzoohhaarr https://ift.tt/2PbJFuI
