I'm preparing to register a new business. Absolutely not had to deal with anything like this before myself.

Now I have most everything sorted and am basically ready to go.

The situation that I just wanted a touch of advice for is the following.

Will be launching with 2 stakeholders, myself with a 75% share and another with a 25% share. Now, I am contributing the idea, expertise, and running of the company and the other shareholder is investing a substantial amount of capital. As such we will both have Director status by agreement.

An accountant friend has advised me that I need to be careful setting this up as I should not just set share price on incorporation to reflect the investors capital contribution as this opens me up for a bit of liability down the track as I will have not actually contributed capital to match what I should have by share amount.

What's our best option here to make it all fair and equitable and keep us out if any trouble down the line?

Is this a case of a quite simple fix that you just need to know about in order to do. Or is this a, don't fuck around and hire a lawyer moment?