004: Additional Considerations When First Starting Your Business - a podcast by Hannah Genton

In this episode, we continue our discussion on forming a company and some of the key considerations involved in that process. We specifically talk about the early stages and the lifecycle of a company as well as what founders need to think about when they are setting up their businesses. 

Today’s conversation is focused on the Silicon Valley model of corporations, founder equity grants, the hiring of employees, and grants to employees. If you have an LLC, it's going to look very different, which calls for a separate discussion.

In this episode, you will hear:

• How does founder's equity work?
• Who has what percentage of the ownership?
• What is vesting?
• What is the 83(b) election?
• Two types of acceleration
• Can you hire employees and pay them in stock?
• What is the difference between a stock and an option?
• Things to consider when getting advisors
• Why are employees given equity out of a pool versus a stock?
• Ways to protect your IP
• What corporate documents you need to organize

 

Subscribe and Review

Have you subscribed to our podcast? We’d love for you to subscribe if you haven’t yet. Each week, we share authentic discussions with business leaders where they flesh out substantive issues while also getting deeper into their authentic stories. We’ll dive into conversations on the fusion of business and humanity, success and authenticity, and the challenges of balancing life and work in addition to regularly sharing legal updates and substantive content.

We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. 

If you really enjoyed this episode, we’ve created a PDF that has all of the key information for you. Just head over to our podcast page at https://cgl-llp.com/podcast/ to download it!

Supporting Resources:

https://cgl-llp.com/

Episode 003: Starting a Company? The Incorporation Process and Early Considerations

https://cgl-llp.com/podcasts/cgl003

 

***

Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.

He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.

Find out more at https://emeraldcitypro.com

 

Further episodes of Conversations with CGL: Professional Insights and Personal Journeys

Further podcasts by Hannah Genton

Website of Hannah Genton