Description should include
- formation of teams
- operating agreement
- equity distribution
Process/Skill Questions:
- What are the benefits of documenting agreements between business partners?
- What specific challenges are likely in a venture started with friends or family?
- Why have a founding team? Who makes up a founding team?
- What are the advantages and disadvantages of having family or friends as members of a founding team?
- When should the founding team be listed or created in reference to the origination of the company?
Teacher Resources: