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I will draft a founder share transfer agreement or stock purchase
US Licensed Attorney Startup Equity and IP Legal Expert
I am Henry Norwood, a licensed US attorney (Bar #362841) specializing in startup law, founder equity, IP protection, and corporate structuring. I help entrepreneurs, co-founders, and tech startups dra...
About this Gig
Transferring equity between founders, buying out a departing co-founder, or reallocating equity requires precise legal execution. Faulty share transfers can trigger unexpected tax liabilities, breach Right of First Refusal covenants, or ruin your capitalization table.
I am Henry Norwood, a licensed US Attorney (Bar #362841). I draft legally binding Founder Share Transfer Agreements tailored to corporate stock and LLC membership unit reallocations.
What this gig includes:
- Legal Transfer of Shares/Units between Transferor and Transferee
- Purchase price consideration mechanisms (cash, promissory note, or liability release)
- Comprehensive Mutual General Release of Claims protecting remaining founders
- Right of First Refusal (ROFR) and Co-Sale waiver compliance terms
- Stock Power forms and official corporate secretary authorization documentation
Whether executing a friendly co-founder share reallocation or a complex founder exit buyout, protect your startup with clear, attorney-drafted contracts.
Order today to execute your share transfer cleanly and securely.
Field of law:
Business (corporate)
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Property
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Commercial
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
What is a Founder Share Transfer Agreement?
It is a legal contract transferring stock or LLC membership units from an existing founder (Transferor) to another founder, investor, or the company (Transferee).
How does a Share Transfer differ from a Founder Stock Purchase Agreement?
An SPA is used when the company issues new shares directly. A Share Transfer is used when existing shares are sold or moved between existing holders.
What is a Stock Power form?
A Stock Power form is an official document attached to share transfers that authorizes the transfer of stock certificates on the corporation's ownership ledger.
Does this document include a release of legal liability?
The Standard and Premium packages include mutual release clauses preventing departing founders from suing the startup or remaining team members later.
What happens if our company agreement has a Right of First Refusal (ROFR)?
The contract includes ROFR waiver language ensuring the company and existing shareholders officially waive purchase rights to allow the transfer.
Can equity be transferred for $0 or nominal consideration?
Yes. Shares can be transferred for nominal cash consideration (e.g., $1.00), in exchange for debt forgiveness, or via asset release terms.
Does this agreement work for LLC Membership Units?
Yes. The contract language adapts to either corporate Common Stock or LLC Membership Interests/Units.
Are Board Resolutions required to approve a share transfer?
Yes. Corporate bylaws generally require board approval for share transfers. Board Resolutions are included in the Premium package.
What details are needed to draft this agreement?
You will need to supply party names, total number of shares transferred, purchase price per share, and entity details.
