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QUESTION: "How do I set up preferred founder stock?"
ANSWER: Authority can be found in the Delaware Code (General Corporation Law) for different classes of stock. Certainly, preferred founder stock is an extremely popular option after common stock is established. I like this concise overview discussing the advantages and mechanics of doing so: 101: Preferred Stock. If you did not create this class at your start-up (incorporation) you can certainly still do it now.
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