article thumbnail

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. i) Rule 506 preempts State law, which means all you have to do is file a Form D and pay a filing fee; and (ii) no disclosure requirement/PPM Possible to sell to “friends and family” (e.g.,

article thumbnail

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #2 : not buttoning-down IP ownership issues (at 10:20). not an LLC or a partnership; the world of startups is the world of corporations. Mistake #2: Not Buttoning-Down IP Ownership Issues. Rule #2 : do not pay “finder’s fees”/commissions unless the finder is a registered “broker-dealer”.