Founders Agreement service
Our team of specialists provides tailor-made solutions to meet your needs, covering business structure, business plans and audits. Giving your start-up business the best chance to succeed.
- Support your start-up through the contract process
- Assist with business structure and plan
- A Founders Agreement that fits your needs
- Competitively priced
- Full support and guidance
What is a Founders Agreement?
This is a legal contract signed by the founder(s) of a company. That includes the participants, how much they donated, director duties, equity vesting schedule and the process if someone leaves.
A brilliant company idea demands a lot of hard work to get off the ground. First, you need to consider a business strategy and plan, start-up cash, and business structure with your co-founders.
Though not essential, as a legally binding contract, it should be formed early in the lifecycle before moving further forward.
What should be included in a
While there is no set framework for a Founder’s Agreement, here are a few of the key areas you
should think about including:
If one of your co-founders makes a non-cash contribution, you must all calculate the monetary value of that item and note it in the document. It would be best if you also determined whether members would continue to contribute capital throughout the company's life or only during the initial investment.
Who will approve the budget as a whole, or can specific individuals approve it? How about expenses or future funding rounds? They should all be stated clearly here.
You can set up a share vesting schedule to distribute shares or options over time or at specified milestones. This prohibits co-founders from departing the company with a substantial stake, leaving future investors with nothing.
Why Choose Us
When someone starts a business, they are most likely to enlist the help of friends, family, or co-workers
to form a team.
Forming a Corporation.
Your agreement specifies the entity's vision and mission and defines long-term and short-term goals.
We can help you decide on the best business structure for your needs and help you maximise your tax benefits.
Seed Legals Founders Service Agreement service
Our Legal partner, SeedLegals, quick and easy founders agreement template will create agreements that protect you and your co-founders and distribute equity from the start.
Investors will be looking for this as part of their due diligence, so if you and your co-founders do not have a signed Founders Service Agreement in place, now’s the time to do it.
The Founder’s Pledge is designed to protect the founders and the company if things go wrong.
- Names of Co-Founders and the Business and rules.
- Company Goals.
- Each owner's roles and responsibilities.
- Breakdown of equity.
- Vesting Schedule.
- Intellectual Property.
- An exit clause.