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Honestly, you should set aside $1500 or so, and go talk with a lawyer that specializes in this sort of thing. It's risky to take advice from the internet when we could not possibly know all of the intimate details of your situation. A lawyer knows what questions to ask to help protect you and your money.


I plan on talking with a lawyer and maybe an accountant about this as well.


Don't get rolled. You can spend a lot more here than you want to at this stage of your company.

[Edit] You have an outside shareholder and non-founding fulltime employees. I retract my previous statement.




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