Note 1.  Ask yourself who and what is the company, and how might it change over time?  Suppose there are three of you when you form the company, sharing the load equally.   After about a year one of the three gets offered a “real job” and takes it.  Does this person want to stay involved?  Will he or she carry a fair share of the load?  Is continued ownership of one-third of the stock fair?  Is the new job in the same field – creating a potential competitor with access to your plans and proprietary information?  Similar issues arise if someone simply loses interest, or there is a fundamental strategy disagreement.  These can be dealt with when forming the company, but are very difficult to resolve after conflict has arisen.