What to keep in mind
Founders' commitments, valid vesting arrangements, confidentiality, future funding and intellectual property assignments should be coordinated with the bylaws.
Undocumented software ownership can jeopardize investment or a business sale.
Distinctions often confused
Owning shares in a startup does not automatically transfer every founder's intellectual property to the company.
Frequently asked questions
Can the company accept investors later?
Yes, but future capital increases, voting rights and existing holders' protections should be planned.
Does a founders' agreement replace the bylaws?
No. The two instruments serve distinct purposes and should be consistent.
Informational content. It is not a substitute for professional advice.