Why a Founders’ Agreement Is Important for Every Small Business
Fundera
JUNE 7, 2019
What Is a Founders’ Agreement? A founders’ agreement is a legally binding contract, usually in writing, that outlines the roles, rights, and responsibilities of each owner in a business. It could be a standalone document, or it could be incorporated into corporate bylaws, an LLC operating agreement, or partnership agreement. A founders’ agreement is designed to protect each founder’s interests and to prevent conflict down the line.
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