Taking cash out

Assuming we had cash in our startup. If one founder owns 70% and the other owns 20%, 10% is option pool. What is the ratio in which we can take cash out? The person owning the bigger chunk needs more cash.

  • If it’s beyond agreed on salary, then make it a loan against owner’s equity, dividends, profit sharing or whatever arrangement you have.

    BTW, if one owner has 70% he/she can pretty much do whatever they want.

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