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How to Work with Lawyers at a Startup

Both Sides of the Table

If you’re a startup and you don’t have a close relationship with a few law firms you’re really missing one of the most important relationships that any entrepreneur can have. I write about some of the lessons in my post on Startup Mistakes. Founded it as a California LLC but your potential VC wants a Delaware C-Corp?

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The Legal Side of Entrepreneurship

YoungUpstarts

Craig Schmitz, a partner in the Technology Companies Group at law firm Godwin Proctor LLP who works on corporate, governance, board and fundraising issues, and Erika Fisher, an associate in the firm’s Business Law Department who deals with IP, fielded questions about the legal issues startups face. ” The Cost of Financing.

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What Are the Rights of Minority Stockholders?

Scott Edward Walker

Because these rights are governed by State law, I will focus on the State of Delaware — where most companies are incorporated. The Delaware statute defines “proper purpose” to mean “a purpose reasonably related to such person’s interest as a stockholder.” 1) Inspection Right. 2) Right to Bring a Derivative Claim.