Hello,
I’m about to incorporate a new Delaware C Corp for a SaaS product, and was hoping to get some advice on stock assignment and 83b election. I have a cofounder and we’re doing a 55/45 split to start with, which will obviously get diluted as we get investors and more team members.
My questions are:
- Do we need to assign stocks to the cofounders immediately after incorporation? Or can we wait for 2-3 months till we get some customers and perhaps investors?
- If we should do the stock assignment right away, then should we divide the entire 20 millions stocks or do it partially and reserve the rest for investors?
- If we get investors, then there will likely be a vesting schedule that we will have to follow - can we do the stock assignment and 83b election then?
- Without doing the stock assignment, is it okay to accept payments into the company bank account?
Thanks in advance for the help!
Should we establish a vesting schedule even if there are no investors in the picture at the moment?