Areas of Concern

• Ownership
• Employees (and Independent Contractors)
• Tax Matters
• Securities Law Matters
• Accounting Matters
• Stock Option Plan
• Recordkeeping
• Intellectual Property

Ownership Problems:

• Ownership of company undocumented
• Ambiguous or conflicting agreements concerning ownership of the company
• No agreement specifying what happens to stock of company upon stock transfers, death, disability, termination of employment, etc.

Ownership Solutions:

• Coach clients to have you review documentation concerning stock issuances before the stock is issued
• Adopt Board resolutions approving stock issuances when issuances are made
• Keep a stock ledger
• Enter into shareholders agreement specifying what happens to stock upon proposed transfers, death, disability, termination of employment, etc.