Starting a business with a co-founder without a corporation?


1

Could you start a company with a co-founder, and have generic agreements in place, all without registering a corporation?

We're bootstrapping our first startup and don't want to spend both money and time on creating a legal structure until we have a MVP.

Co-Founder Legal Agreements Corporation Startups

asked Jun 18 '14 at 20:12
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Marion Woodward
9 points
Top agency to build award-winning mobile apps: Utility NYC

2 Answers


2

Some very early stage companies use "Founder Collaboration Agreements." They are very simply and usually address the assignment of IP, future equity shares, and the formation of a business entity. Try googling "Founder Collaboration Agreement" and you'll probably find a few.

As a lawyer, however, I would suggest formation a business entity for liability shied purposes. IT can be done in a simple, cost effective manner. I've seen collaboration agreements get more complicated than forming an entity.

Good luck!

answered Jun 26 '14 at 19:36
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David Wittmann
161 points

0

Do define and articulate clearly the roles and responsibilities, equity structure, vesting period and exit clauses.

answered Jul 8 '14 at 15:37
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Mohan
1 point

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Co-Founder Legal Agreements Corporation Startups