My question involves business law in the state of: Business is based in Florida
My partner and I have a startup we are trying to get off the ground and 1) we have someone willing to work for free for a piece of the future profits once we get investors, so does anyone have advice on how to set up an agreement like this, and how do we decide what % to offer them? And 2) our app/web developer loves the idea and also would like a piece of the pie and is considering investing a bit in order to get some future profits. How would we set that up- any advice? He is not an employee but a contractor, and we now realize we should have had him sign an employee agreement in the beginning- oops! So we are backing up to do that, but we feel he has ultra-priveledged information as he has been involved in the development of the app/website, and coming up with ideas for us from the beginning, so maybe a profit-sharing agreement keeps us a bit more safe than just an NDA he signed or the employee agreement we are working on?