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whats the founders agreement and why do you need one [Music] a founders agreement is basically a contract between the founders where rules responsibilities liabilities and rights are defined for us as an accounting firm this is one of the very few documents that we would like to review when we sign up a new business account so its a must-have it also should be drafted by a lawyer because its a legally binding agreement so the way i look at it is funders agreement is the blueprint of your business it can complement an operating agreement if you have one or your bylaws if youre a corporation lets talk about what should be in the founders agreement im gonna just highlight a few items first the company name and the founders name make sure you have the business name there even if its going to be changed later remember good name can push your company to the next level also the name of any founders co-founders or employee involved should be listed there business structure whats th