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Legal Checklist for Startups

Scott Edward Walker

Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ). Only raise funds from “accredited investors” (see post here ) and don’t pay anyone a commission for raising funds for you unless they are a registered broker-dealer (see post here ).

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If I Launched a Startup

The Startup Lawyer

2) State of Incorporation: Delaware. (3) 3) Investors: Accredited Investors. (4) Here’s what I’d do in the beginning: Incorporation. (1) 1) Entity Choice: Corporation or Corporation. (2) 3) Authorized Shares in Charter: 10,000,000 Shares. (4) 4) Type of Shares: Common Stock. (5) 8) Vest Founders Shares?

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If I Launched a Startup

The Startup Lawyer

2) State of Incorporation: Delaware. (3) 3) Investors: Accredited Investors. (4) Here’s what I’d do in the beginning: Incorporation. (1) 1) Entity Choice: Corporation or Corporation. (2) 3) Authorized Shares in Charter: 10,000,000 Shares. (4) 4) Type of Shares: Common Stock. (5) 8) Vest Founders Shares?

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What Is the “Walker Startup Package”?

Scott Edward Walker

Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ). Only raise funds from “accredited investors” (see post here ) and don’t pay anyone a commission for raising funds for you unless they are a registered broker-dealer (see post here ). Cheers, Scott.

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

you want to form a Delaware corporation. Rule #1 : only sell “securities” to “accredited investors” – why? (i) Crowdfunding exception to “accredited investor” – SEC rules not promulgated yet. Mistake #5: Not Doing Your Due Diligence on Potential Investors. doing this for 18+ years.

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

i) Rule 506 preempts State law, which means all you have to do is file a Form D and pay a filing fee; and (ii) no disclosure requirement/PPM Possible to sell to “friends and family” (e.g., issues to address include: How have they treated their other portfolio companies? (i)