Both Sides of the Table

JANUARY 21, 2010

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? Forget to get around to setting up that Employee Stock Option Plan and want to be able to give the early guys their options at a low strike price?

Southern California 318

Southern California Silicon Valley IP Stock Options 318

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 ). Button-down IP ownership and assignment issues (see post 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

Gust

DECEMBER 8, 2011

Form a legal entity to operate the business (we’ll use a Delaware corporation as an example for Newco). Most startups will involve legal counsel whenever doing anything involving the company’s securities, such as adopting a stock option plan , making grants under the plan, issuing convertible notes in a financing round , and so forth.

Intellectual Property 139

Intellectual Property Non-disclosure Agreement Delaware Stock 139

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 ). Button-down IP ownership and assignment issues (see post here ). Form a corporation — not an LLC (see post here ) or a partnership (see post here ).

Intellectual Property 40

Intellectual Property Accredited Investor Vesting Delaware 40

Scott Edward Walker

FEBRUARY 1, 2014

Mistake #2 : not buttoning-down IP ownership issues (at 10:20). you want to form a Delaware corporation. S corp vs. C corp – “qualified small business stock” . Mistake #2: Not Buttoning-Down IP Ownership Issues. Mistake #3 : not setting-up vesting schedules (at 17:19). doing this for 18+ years.

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111

Scott Edward Walker

FEBRUARY 1, 2014

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

Software Review 111

Software Review Delaware Accredited Investor Due Diligence 111