[theremora]

issue of real estate and equity are not verbally binding. this has the potential to turn bad. they have something to divide, the equity. are you saying they have not incorporated and dont have stock? seems that you are not paranoid and this is indeed a red flag. Keep looking or wait until the equity issue is resolved.

[paulgb]

Thanks. They are incorporated, but one founder legally owns 100%.

[jbyers]

Don't even think about it. And tell them exactly why. The team will not survive the stresses of early startup life with this decision put off. It's going to be a hard discussion even now, just imagine how bad this will be with revenue coming in the door, pressure to grow, some members of the team really stepping up and others not working out.

[tptacek]

You have a BA in economics and have worked for some fairly large companies, and, like me, you're a company founder. Tell me, is this ever a discussion that is "easy"? And, is this discussion ever "settled"? Seems to me, it's settled exactly until they (a) get funding or (b) hire a CEO, at which point all bets are off anyhow.

[mattmaroon]

Then they have something to divide. What exactly are they waiting for?

I would not accept a job until this is worked out. They're either evil or naive, and neither are good traits in a boss.

[carpal]

Huge red flag.

[run4yourlives]

And he does until he divides it, regardless of how much work you put in.

It's a barter - each party gives so that each party receives. I see a lot of receiving, but not much giving on their part.

[icky]

Usually a startup incorporates for the purpose of issuing stock.

The situation at your would-be-company looks questionable, at best.

[foonamefoo]

Run away.

[muriithi]

Run Paul Run!