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Do It Right The First Time, Part II: Visit the Doctor or House Call?

Gust

Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco). Consummate the stock issuances, make any necessary securities filings and issue the corresponding stock certificates. Determine who will serve on the Board of Directors and in executive officer positions (usually founders).

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The Ultimate Guide to Starting a Software Company

Up and Running

The software was sold based on installation cost running on local servers for enterprises—which was very, very expensive. For GreenPal, Gene Caballero says, “We knew that if we ever wanted to be looked at seriously by venture capitalists, we would need to be a C-Corp in Delaware.”. Delaware permits a single-member board of directors.

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #4 : not complying with applicable securities laws (at 29:21). you want to form a Delaware corporation. Mistake #4: Not Complying with Securities Laws. Rule #1 : only sell “securities” to “accredited investors” – why? (i) Mistake #2 : not buttoning-down IP ownership issues (at 10:20). 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)

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19 Funding Resources for New and Existing Businesses

Up and Running

To help you secure the capital you need for your business, we’ve compiled a list of the funding resources that every entrepreneur should look into. For instance, the Delaware Brownfield Assistance Program offers funding for a small business that plans to develop environmentally distressed areas in the state. Crowdfunding Sites.

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Founders Shares: How do you split them up?

www.copelandfirm.com

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