question for other startup founders – did you create a shareholder agreement when you incorporated your startup ?
Basically, we are incorporated – but are getting on to the seriously confusing task of our initial startup paperwork. One of the things we are getting done right now is agreements for our advisors. However, as I understand the next step needs to be the shareholder agreement.
Did it include the stock pool/ESOP plan within it as well as the founder stock grant articles + Capital structure ? I referred to [1] but did not find a lot of information. In fact I’m getting conflicting information – some say that a SHA is good to have before seed funding in order to establish the stock pool as well as things like drag along and tag along rights. But not entirely sure what all needs to be covered as a best practice.
I also read Alok’s “6 dangerous bombs” topic and want to be doing the right thing.
[1] https://www.ibanet.org/Document/Default.aspx?DocumentUid=9BF2D0C5-615F-494A-87EB-A29D1451B188