Voting Trusts
Big Red Car here on a rainy Monday in the ATX. [Whoever has been praying for rain locally – you can stop now.]
So, a founder calls me and says, “I read where you recommend a voting trust for a startup. Do tell?”
A voting trust is a good idea right from the founding of a company. It is something which should be in your founding documents:
1. Articles of Incorporation;
2. Corporate Bylaws;
3. Option Plan;
4. Founding Shareholders Agreement;
5. Voting Trust; and,
6. Employment Agreements.
[You do have the Big Six, right? Haha, half of y’all couldn’t find these docs even if you made them. Sorry, that was mean.]