I've been working with an offshore freelance developer whos been really good. I want her to join our team as CTO and pay her in equity. The contract will:
give the developer 30% equity vested over 2 years
I will have full control over the company decisions
All IP will belong to company
Developer will be paid whenever I get paid. I have the final say in whether revenue is invested back into company or is paid as dividends for those with equity.
Is there anything wrong with the above? And is there any other important factors I have to consider in the contract?