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Auld Law
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Percentage of share ownership for each founder
Early on in a startup’s life, the founders should document the percentage that each founder owns in the business. Assuming the startup is a corporation, documenting how much each founder owns means the corporation needs to issue shares after incorporation to each founder. You would be surprised how many startups in Ontario do not document how much each founder owns! Missing the step of documenting share ownership in a best-case scenario can be fixed and may only slow growth
Tory Auld
Feb 232 min read
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