Myself and my co-founders are in process to register our venture as pvt. ltd. company. While we all agreed on stake percentage, I still would like to have inputs on following points from all RODINHOOD’ers here:
Points of probable conflicts – What all are the points of probable conflict in short, medium and long terms? and how those points can be mitigated by incorporating in Article of Association / Share holders agreement?
— ajay
asha chaudhry
ajay,
i don’t know if this answers all of your q’s – but i do know you need to read these links for sure!
https://www.therodinhoods.com/forum/topics/what-can-co-founders-do-for-m…
https://www.therodinhoods.com/forum/topics/startup-s-guide-5-agreements-…
also, watch this: https://www.therodinhoods.com/forum/topics/alok-on-cnbc-s-rules-of-the-s…
all the best!
Raunak Jhunjhunwala
Ajay,
In my view, the relationship between co-founders is more of understanding and trust which should exist all the time. There should be clear segregation of duties and responsibility.
A clear understanding and employment letter on salary, a inter party agreement for stating first right of refusal for the proposed transfer of stake, board seat (AOA- Which I assume there will be).
Best regards