Pls help with a-b

10. Newerco's founding team of 4 decides to give themselves 100,000 shares of stock each as compensation for starting the company. BUS 451: Venture Formation and Finance Brad Barbeau a. At the time they issue the stock to themselves, there are no other shareholders. The company is authorized to issue up to 10,000,000 shares of stock. Collectively, what % of the company do the founders own? b. Three months later, George, one of the founders, decides to quit the company, taking his 100,000 shares with him. The company is far from started, and the other founders feel cheated by George having the same ownership that they do, even though they are still working on the company. How could they have avoided this situation