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How to Work with Lawyers at a Startup

Both Sides of the Table

Shame about not getting it in legal writing that you owned the original IP. Founded it as a California LLC but your potential VC wants a Delaware C-Corp? For company registration, angel deals, Series A & B funding, Employee Stock Option Plans (ESOP), IP filings and even litigation it doesn’t need to be that way.

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Legal Checklist for Startups

Scott Edward Walker

Form a corporation — not an LLC (see post here ) or a partnership (see post here ). Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ). Button-down IP ownership and assignment issues (see post here ).

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What Is the “Walker Startup Package”?

Scott Edward Walker

Form a corporation — not an LLC (see post here ) or a partnership (see post here ). Incorporate in Delaware and qualify the company to do business in the state in which its principal office is located (see #2 here ). Button-down IP ownership and assignment issues (see post here ).

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #2 : not buttoning-down IP ownership issues (at 10:20). you want to form a Delaware corporation. not an LLC or a partnership; the world of startups is the world of corporations. Mistake #2: Not Buttoning-Down IP Ownership Issues. Mistake #3 : not setting-up vesting schedules (at 17:19).

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Prior to the event, I conducted a legal workshop entitled “The 5 Biggest Legal Mistakes That Startups Make,” which I have uploaded below.