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Most Common Early Start-up Mistakes

Both Sides of the Table

These periods of time can leave a founder very vulnerable in the future. To the best of my knowledge US law allows you to work on your own resources and in your own hours and let you personally own your IP. But these people seldom make retirement money from the stock options on these companies.

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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). different perspective as a lawyer (lots of phone calls from founders with problems). S corp vs. C corp – “qualified small business stock” . Mistake #2: Not Buttoning-Down IP Ownership Issues. One-year cliff appropriate if you don’t know your co-founder.

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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.

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Why Lawsuits Are On the Rise at Startups and What To Do About It

Both Sides of the Table

I often speak about co-founder fighting and how this ends in lawsuits but this has become much more prevalent. I’d encourage you to watch this quick 3-minute video with some views on what I call “ The Co-Founder Mythology ” that is perpetuated in Silicon Valley. Lawsuits are on the rise.

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What Is the “Walker Startup Package”?

Scott Edward Walker

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. Thus, founders never have to worry about picking-up the phone and asking their lawyers questions. Button-down IP ownership and assignment issues (see post here ).

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

Gust

Likewise, founders can benefit from understanding basic characteristics of the overall legal structure, formation and governance documents, rights and responsibilities of team members, etc. Determine who will serve on the Board of Directors and in executive officer positions (usually founders). Newco, Inc.”)

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The When to Incorporate Decision-Matrix

The Startup Lawyer

1) Does your startup have more than 1 founder? 2) Are you (and/or one of your co-founders) working on your startup full-time? 5) Is your startup granting stock options or other equity compensation? Answer the following questions and tally up your total score. (1) Yes –> 10 points. No –> 0 points. (2)