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A comment on Ask HN: founders wants me to join for just equity, how much should I ask for?. Parent comment

Re:Ask HN: founders wants me to join for just equity, how mu... by happenstance on Tuesday February 23, 2010 @02:02PM (#1146095)
Sorry for taking so long to get back to you. Thanks for the reply.

What about if it's not a public company? That is, 2 or 3 people and an LLC?

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Re:Ask HN: founders wants me to join for just equity, how mu... by swombat on Wednesday February 24, 2010 @12:26PM (#1148494)
It depends on what country you live in... you'll have to research the incorporation laws of the country you specifically live in.

In the UK, you can just decide how many shares the company has, and sell them for whatever amount per share you decide - that way you split the company between several founders. Of course, if you want more complicated stuff, like vesting, you'll probably want to speak to a solicitor.

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