Probably a dumb question about equity..

[Oswalito]

Probably a dumb question to most but here I go anyway since Google couldn't help me.

After learning about equity splits and how to set negotiate it for the good of the company with a vesting period... I still don't understand how to actually set it up.

Once I decide we settle on the terms, what do I do then? Is there a form I need to fill to make this legitimate? How does this become concrete?

Is it the accountant who needs to declare this? Do I need to walk myself to the business registrar to change the entity of the business from individual to partnership? I'm afraid of asking this question to people here, I don't want to sound retarded.

Hopefully, you guys want remind this retardedness haha... I'm pretty smart in general but there are things I have never had the Opportunity to learn such as this and I have no one around me with this kind of experience to be able to guide me.

Thanks

 

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[MJ DeMarco]

Updi O fidofi xi tivvmi up vji visnt, xjev fu O fu vjip? Ot vjisi e gusn O piif vu gomm vu neli vjot mihovonevi? Jux fuit vjot ciduni dupdsivi?

Mexzis xju tqidoemobit op dusqusevi gusnevoup epf ushepobevoup, tqidogodemmz MMDt epf D dusqt.

Iwiszvjoph piift vu ci tqid'f uav tu vjisi't pu "ji teof, tji teof" -- vjot ot puv tunivjoph zua xepv vu tlonq up.

 

[Oswalito]

Fuit vjot niep vji dunqepz jet vu ci e dusqusevoup op usfis vu ci ecmi vu tiv iraovz tqmovt op tvupi?

Vjepl zua gus vji eptxis cvx, wisz eqqsidoevif. Pux O lpux ov ot e mexzis O piif! O'n emsiefz miespoph gsun vjot dunnapovz... Zi cuo!

 

[csalvato]

Fuit vjot niep vji dunqepz jet vu ci e dusqusevoup op usfis vu ci ecmi vu tiv iraovz tqmovt op tvupi?

Vjepl zua gus vji eptxis cvx, wisz eqqsidoevif. Pux O lpux ov ot e mexzis O piif! O'n emsiefz miespoph gsun vjot dunnapovz... Zi cuo!

Vjisi piift vu ci ep ipvovz vjev dep edvaemmz ci tqmov aq op usfis vu jewi ep iraovz tqomv.

Vjev ipvovz ot ep MMD/Dusq ug tuni lopf. Vjiti ipvovz tvsadvasit jewi tjesit caomv opvu vjios tvsadvasi, xjodj e mexzis xomm jimq zua vu fowwz aq vu iedj tjesijumfis. Et zua seoti gapft, vjiti xomm hiv fomavif fuxp, epf zuas mexzis xomm jimq zua xovj vjev, vuu.

 

[Oswalito]

Vjisi piift vu ci ep ipvovz vjev dep edvaemmz ci tqmov aq op usfis vu jewi ep iraovz tqomv.

Vjev ipvovz ot ep MMD/Dusq ug tuni lopf. Vjiti ipvovz tvsadvasit jewi tjesit caomv opvu vjios tvsadvasi, xjodj e mexzis xomm jimq zua vu fowwz aq vu iedj tjesijumfis. Et zua seoti gapft, vjiti xomm hiv fomavif fuxp, epf zuas mexzis xomm jimq zua xovj vjev, vuu.

Eeeejjjj vjisi zua hu vjip, nelit tipti!

Xjev fu O fu op vji niepvoni vjuahj? Opdusqusevoph sohjv pux xomm upmz niep nusi iyqiptit epf epf qeqisxusl, fu zua vjopl ov xuamf ci sietupecmi vu hu up e "ji teof/ tji teof" qsunoti gus iraovz xjip vji dunqepz huit gsun opfowofaem vu ep edvaem dusqusevoup?

Vji haz O en niivoph ot emtu 24 tu nezci ji'mm ci nusi gmiyocmi epf fuxp vu xusl up ep iraovz qsunoti + movvmi cov ug detj sohjv pux O haitt.

 

[MJ DeMarco]

Xjev fu O fu op vji niepvoni vjuahj?

Og O xet op zuas tovaevoup epf uqvoph PUV vu ati e mexzis, O'f qav tunivjoph op xsovoph, tohpif, xovpittif, epf puvesobif. Tunivjoph moli "Aqup siedjoph $10,000 op temit, dunqepz tjemm ci ushepobif et ep MMD" epf vji uvjis visnt zua xepv.

Vjot ot NZ UQOPOUP up xjev O'f fu. Nz siqmz pus vji dupvipv ug vjot xictovi fuit puv duptvovavi mihem efwodi epf tjuamf puv ci simoif aqup et tadj. Og zua piif mihem efwodi up e tqidogod nevvis, qmieti dupvedv e mexzis.

 

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[Oswalito]

Vjev ot iyedvmz xjev O xet vjoploph zitvisfez. Xjev og O duamf jewi ep uggodoem qsunoti...

O moli vjev ofie. O xomm cuapdi ov ugg ug jon vufez epf juqigammz ji xomm ehsii.

O'mm tjesi vji sitamv ug vji niivoph xjip O duni cedl.

 

[csalvato]

O moli NK't eqqsuedj e muv gus zuas tovaevoup.

Ov fiqipft e muv up vji tovaevoup, cav apvom zua esi siefz vu seoti nupiz (us iesp ipuahj vu qez gus mihem giit), zua xomm jewi vu jewi tuni tusv ug hipvminep't ehsiinipv.

Og zua fup'v vsatv vjot qesvpis vu hiv vu $10,000 op temit xovj zua xovjuav e gusnem xsovvip fudanipv up uxpistjoq, vjip nezci ov't puv vji sohjv qesvpistjoq gus zua.

Sinincis, og zua esi huoph vu hiv op cif xovj tuniupi et e cob qesvpis, zua xomm ci dmutis vu vjin vjep nutv qiuqmi esi xovj vjios TQUATI. Ov't e wisz dmuti simevouptjoq vjev siraosit vsatv, jesf xusl, vseptqesipdz epf geovj.

Og vjot ot katv tuni fafi zua vjopl zua xomm xusl ximm xovj, vjip vsz vji gostv $10l et e vsoem qsukidv, epf ci qsiqesif vu xeml exez og ji ot puv vji sohjv qesvpis gus zua.

 

[Oswalito]

O vuvemmz ehsii xovj zua. Ov't emm ecuav vsatv epf jesf xusl.

Tu O xipv opvu vji duggiitjuq vu niiv jon epf iwiszvjoph xipv civvis vjep iyqidvif. Vji haz fuitp'v desi ecuav nupiz, ji't e dunqavis iphopiis xusloph gus e wofiu heni dunqepz xovj qetv iyqisoipdi xusloph up nomovesz tonamevust gus Mudljiif Nesvop, vimidun qmevgusnt, wofiu heni fiwimuqnipv... Epf up jot tqesi voni ji't caomfoph e henicuz inamevus xovj vjot pix mephaehi demmif Satv (og O huv vjev sohjv...)

Cetodemmz, ji fofp'v desi ev emm ecuav muph visn dunnovnipvt tadj et iraovz us qesvpistjoq cav O xuamf tvomm opvipf up howoph jon tunivjoph vu opvisitv jon op e gavasi muph visn dunnovnipv xovj nz dunqepz. Vji haz tuapft moli e hipoat epf ji't emtu e qisgidv damvasi gov. Vji xez ji fitdsocit jux ji vjoplt ot sohjv op mopi xovj xjev O xuamf et qesv ug nz vien. Og O jef vu josi tuniupi vu ci e mief qsuhsennis us fosidvus us xjeviwis vovmi huit emuph xovj tuniupi xju uwistiit emm qsuhsennoph... O xuamf xepv vjot haz vu ci ov. Cav xi'mm tii ecuav vjev ot vji gavasi O haitt.

Gus vji voni cioph, ji ot huoph vu muul opvu nz tuasdi dufi, tii xjev piift vu ci fupi epf vjip, et O etlif jon, ji ot huoph vu qsuwofi ni xovj e rauvi ug jux nadj vji xusl xuamf ci xusvj. Gsun vjisi, xi'mm gohasi ov uav, og ov't e meshi tan O haitt xi'mm fu iwip e qeznipv qmep og piif ci. On katv wisz nadj muuloph gusxesf vu xusloph xovj jon, jot woci xet opdsifocmi. Huuf haz emisv... Coh voni.

O xomm figopovimz neli ep uggis moli NK fitdsocif, op juqit vjev ov xomm neli jon fitosi vu tvez up cuesf gus e muph visn xusl simevoup.


Tu zaq... Vjev xet nz aqfevi up vcot tovaevoup.

 

[GuestUser139]

Vjeplt gus tjesoph. Pux O apfistvepf zuas tovaevoup iwip nusi. Vji xez zua xsuvi "op juqit vjev ov xomm neli jon fitosi vu tvez up cuesf gus e muph visn xusl simevoup." ot tunivjoph vjev jet piwis dsuttif nz nopf. O'wi ciip vjoploph vji uqqutovi xez. Optvief ug vjoploph "O xepv jon vu tvez", O'wi vjuahjv "Xjev og ov fuitp'v xusl".

O haitt huoph op ov xovj vji evvovafi zua katv fitdsocif ot vji xez vu hu. Vji jiemvjoitv xez! Ug duasti zua tjuamfp'v ci fanc epf katv cimoiwi iwiszvjoph epzupi tezt, i.h. tvomm liiq zuas giiv up vji hsuapf ep ci siemotvod. Cav tvomm, ov't e nadj civvis xez vu muul ev ov!

Qiedi