Ok so looking for advice on a legal issue. Here's what happened ngl.
option pool shuffle diluting founders. I've been dealing with this for about 12 weeks now and the situation isn't improving.
I have already done some research online but the other party is not cooperating.
Has anyone been through something similar? What worked for you?
I've dealt with this before.
The trap most people fall into is having everything documented. I'd recommend keeping a detailed timeline instead.
Following this thread closely. The amount of practical information here is amazing. Much better than the generic advice I've seen elsewhere.
The operating agreement is way more important than most people realize. It governs everything from profit distributions to what happens if a member dies or wants out. Don't skip it.
Something I wish I knew earlier: you don't need an EIN to open a business bank account for a single-member LLC. Your SSN works. But getting an EIN is free and keeps your SSN off more documents.