4min chapter

Startup School by Y Combinator cover image

Startup Legal Mechanics by Carolynn Levy

Startup School by Y Combinator

CHAPTER

How to Keep a Cap Table of Your Stock Purchase Agreement

Every company absolutely needs to keep a cap table. It's against the law not to pay yourselves, although obviously this isn't a thing that gets enforced. An employe agreement is only necessary if you're hiring an employee who has something special like a severance package. The c i ia protects the company's confidential information and trades secrets. Very early stage startups usually cannot afford to have employees.

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