Difference between revisions of "Founder Repayment"
From FairShares Wiki 3.x
(Created in V3.2 of FairShares Model Rules for Companies) |
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Revision as of 05:52, 3 February 2021
The Founder Repayment is the amount of money that Members have agreed to repay an outgoing Founder before they acquire full control of the Company. The Founder Repayment may take the form of Loan Notes. The provisions for Founder Repayment and Loan Notes apply when converting an existing company to a FairShares Company.
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