Counsel

Ask an expert! Legal, accounting and compliance advice from qualified professionals.

Share Details

0/200
0/1500

Your Question has been submitted.

The Counsel team is processing your question and connecting to the best suited professional from the community to have it answered. We’ll get back with an answer shortly.

Hello, I am actually working on a product for a startup that decides the future of the company. We are three man team, one among which is CEO of the startup, myself as the core developer and other one takes care of outsourcing - documentations. The CEO promised both of us will be granted ownership of the company, now when the relationship reached the agreements. He has given agreement that states, I'm the employee who owns restricted shares 20% common stocks of the company that is vested over 10 years.

All 3 can become director of the company and subscribe for 33% shares in the company by doing so you all will have equal ownership.

Only director or shareholders have power in the company, but main power lie in the hand of Director i.e. control on the company. The restricted shares 20% common stock is not the ownership it’s the share in ...


View answer

Looking to hire a professional from our handpicked community?

Explore our services, submit your request and let us do the rest for you.

Get started