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Why a founders’ agreement is important for every small business

February 28, 2019 By Andrew Smith

If you’re an entrepreneur with that golden, once-in-a-lifetime idea, it can feel impossible to hit the brakes. The name of the game is momentum — slow down, and you’ll miss that window of opportunity, right?

But sometimes you just have to press pause, take a deep breath, and make sure you’re not missing anything big before moving forward. All of those legal documents and agreements you’ll need to draw up are a good example: if you speed on past them, you might regret it down the line.

In other words, you should focus on building a solid foundation before taking the next step with your business. And if you’re planning to run your business with co-founders, then a founders’ agreement is pretty much the perfect place to start.

Keep reading this article at: https://www.fundera.com/blog/founders-agreement

Filed Under: Contracting Tips Tagged With: founders' agreement, start-up

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