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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #2 : not buttoning-down IP ownership issues (at 10:20). Mistake #5 : not doing your due diligence on potential investors (at 38:36). Mistake #2: Not Buttoning-Down IP Ownership Issues. Rule #1 : only sell “securities” to “accredited investors” – why? (i) Mistake #1: Forming the Wrong Entity.

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Prior to the event, I conducted a legal workshop entitled “The 5 Biggest Legal Mistakes That Startups Make,” which I have uploaded below. 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.,

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Legal Checklist for Startups

Scott Edward Walker

Button-down IP ownership and assignment issues (see post here ). Split the equity based on prior contributions and expectations going forward, not necessarily equally (see post here ). Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ).

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If I Launched a Startup

The Startup Lawyer

(7) Founders Equity Split: Depends on the Team, But Quickly and After the Awkward & Difficult Conversations. (8) 10) Consideration for Founders Shares: Cash & IP. (11) 11) Handling of “Lost Founders&# : Lock Down the IP. 3) Investors: Accredited Investors. (4) 8) Vest Founders Shares?:

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If I Launched a Startup

The Startup Lawyer

(7) Founders Equity Split: Depends on the Team, But Quickly and After the Awkward & Difficult Conversations. (8) 10) Consideration for Founders Shares: Cash & IP. (11) 11) Handling of “Lost Founders&# : Lock Down the IP (then Wish Them Well). : Hell Yes. (9) 3) Investors: Accredited Investors. (4)

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What Is the “Walker Startup Package”?

Scott Edward Walker

Button-down IP ownership and assignment issues (see post here ). Split the equity based on prior contributions and expectations going forward, not necessarily equally (see post here ). We charge a flat fee of $2,000, plus filing fees, for up to three co-founders and it includes unlimited phone calls and emails.

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How To Launch a Startup and Avoid Ending-up in Jail

Scott Edward Walker

Not only are there key contractual issues that must be buttoned-down (like vesting and IP assignment ), but also there is a minefield of laws and regulations that must be complied with. Introduction I love working with startups – and trying to protect founders and watch their backs.