Scott Edward Walker

NOVEMBER 2, 2011

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 ). Form a corporation — not an LLC (see post here ) or a partnership (see post here ).

Accredited Investor 111

Accredited Investor Stock Options Delaware Silicon Valley 111

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 ). 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). Each time a new set of docs get released, I don’t cringe because it means I then have to remove the hockey stick from my revenue projections.

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). Each time a new set of docs get released, I don’t cringe because it means I then have to remove the hockey stick from my revenue projections.

Delaware 45

Delaware Hockey Stick Preferred Stock Open Source 45