ABSTRACT
The founders should discuss what specific role individuals will play and what title they will hold. As the entity continues to move along its developmental path, roles will need to be better defined. As such, the founders should discuss both the current scope of activities for each founder as well as the plan-once the company need to expand receives funding or begins to employ additional employees. As the business begins to grow, the founders and the company will find that it is most efficient to determine that one of the founders will serve as president and/or chief executive officer and that certain founders will have decision-making authority over decisions in their respective area of expertise. Early on in the life of a startup, the founders may all be heavily involved in all aspects of decision-making in the business.
