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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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Venture Capital Red Flag Checklist 

abovethecrowd.com

Delaware law requires a board of directors, and these directors are tasked with a “fiduciary duty” to look after the best interest of the corporation. Silicon Valley (and most large US cities) are full of lawyers who have ample startup experience. The Lack of a Legitimate Board. Who is Coporate Counsel? Large Secondary Transactions.

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What Is a Benefit Corporation?

Up and Running

Method, the popular cleaning products company, is a registered benefit corporation in the state of Delaware. It can also help you attract employees: a recent study from the Intelligence Group found that 64% of millenials (workers age 20 to mid 30s) say they want part of their jobs to be making the world a better place.