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Legal Checklist for Startups

Scott Edward Walker

Form a corporation — not an LLC (see post here ) or a partnership (see post here ). Button-down IP ownership and assignment issues (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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What Is the “Walker Startup Package”?

Scott Edward Walker

Form a corporation — not an LLC (see post here ) or a partnership (see post here ). Button-down IP ownership and assignment issues (see post 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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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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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). not an LLC or a partnership; the world of startups is the world of corporations. Mistake #2: Not Buttoning-Down IP Ownership Issues. doing this for 18+ years.