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More Tech Startups are LLCs

Austin Startup

Background Reading: When LLCs Make Sense for Startups Not Building a Unicorn If you have spent almost any time reading about the basics of startup legal issues, you know that Delaware C-corps are the default organizational structure for a “classic” tech startup (software, hardware) planning to raise angel/VC money and scale.

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

Gust

Readers can anticipate my next point in continuing the analogy: It makes no more sense for a non-lawyer to prepare fundamental legal, governance, equity and intellectual property documents than it would for a patient to self-diagnose and begin taking prescription-strength antibiotics or other medications. Newco, Inc.”)

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An Update on Indie.vc

Bryce Dot VC

Terms We’ve worked with the team at Cooley to create an investment instrument that has elements of both debt and equity. Debt in that we will not be purchasing equity initially, but, unlike debt, there is no maturity date, no collateralization of assets and no recourse if it’s never paid back. Within the indie.vc

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The Ultimate Guide to Starting a Software Company

Up and Running

If you’re working closely with partners who are helping you distribute your product, it’s especially important to make sure they understand who you are, how you speak, and who you serve. In fact, GreenPal wasn’t the only one that figured it was best to go for a Delaware-based C-Corp. Delaware permits a single-member board of directors.

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Founders Shares: How do you split them up?

www.copelandfirm.com

Startup Law 24 February 2010 There are a few common ways that founders split up equity and ownership of the company: 1.) Equally: each founder get the same amount of equity. Unequally: each founder gets a different amount of equity/shares depending upon various factors such as: i. Who helped refine the idea?