Scott Edward Walker

OCTOBER 27, 2015

Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ). Set-up vesting schedules for the founders (see post here ) and file 83(b) elections with the IRS (see #3 here ). v=N1A44ShZfWo. Legal Checklist for Startups.

Intellectual Property 40

Intellectual Property Accredited Investor Vesting Delaware 40

The Startup Lawyer

MARCH 11, 2010

For example, a founder stock purchase agreement is 12+ pages long because founders can, have, and will fail and/or bail on startups (hence the vesting schedule & startup repurchase option). I welcome these and future standardized seed funding docs because they provide entrepreneurs with the chance to take a look at financing terms.

Delaware 49

Delaware Hockey Stick Preferred Stock Open Source 49

The Startup Lawyer

MARCH 11, 2010

For example, a founder stock purchase agreement is 12+ pages long because founders can, have, and will fail and/or bail on startups (hence the vesting schedule & startup repurchase option). I welcome these and future standardized seed funding docs because they provide entrepreneurs with the chance to take a look financing terms.

Delaware 45

Delaware Hockey Stick Preferred Stock Open Source 45