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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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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 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.