Cap Table Basics for Founders: What Belongs in It and What Doesn't
A cap table is a summary view of ownership, not the controlling record. What belongs on it, what doesn't, and the conventions that keep founders out of trouble at diligence.
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What Goes in a Stock Ledger: A US Private Company Guide
The stock ledger is the controlling record of who owns what. A practical guide to keeping one defensible across years of issuances, transfers, and rounds.
How Share Transfers Quietly Corrupt Ownership Records
Share transfers are often treated as routine administrative actions. In practice, they are one of the most common sources of inconsistency in ownership records.
Why Most Founders Don't Know Who Actually Owns Their Company
Ownership often feels obvious to founders. But when examined closely, the underlying structure is frequently incomplete, inconsistent, or misunderstood.
Why Ownership Breaks Without a Timeline
Ownership is not a static snapshot. Without a clear timeline of issuances, transfers, and changes, even accurate cap tables can become difficult to trust.