I'm Peter Roberts, immigration attorney who does work for YC and startups. AMA

Re:I'm Peter Roberts, immigration attorney who does work for... by suryacom on Friday June 24, 2016 @04:57PM (#11973407)

Then it is a non-starter, right? If you are starting a company, then you do have controlling stake.

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Re:I'm Peter Roberts, immigration attorney who does work for... by mattieuga on Friday June 24, 2016 @04:59PM (#11973432)

Just needs to be <50%

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Re:I'm Peter Roberts, immigration attorney who does work for... by mehta on Friday June 24, 2016 @05:05PM (#11973472)

yeah, this is my line of thought as well. But it gets complicated when there are two co-founds in the same boat :)

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Re:I'm Peter Roberts, immigration attorney who does work for... by MacsHeadroom on Saturday June 25, 2016 @03:12AM (#11975549)

[Disclaimer: I am not a lawyer. I am especially not your lawyer, or anyone else's. This is not legal advise. I recommend anyone in this situation retain an attorney and ask them for legal advise on this subject.]

Get an angel check. One share in a billion leaves neither cofounder with a controlling interest.

For what it's worth, I recommend giving more like 2% for a sole angel, assuming their contribution runs little further than satisfying this control problem. But technically speaking, whatever somebody agrees to should solve the control problem.

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Re:I'm Peter Roberts, immigration attorney who does work for... by mehta on Friday June 24, 2016 @05:06PM (#11973478)

not if there are multiple co-founders and possibly some investors involved.

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