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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? 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?

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What Can a Startup Lawyer Help With?

The Startup Magazine

Forms of business organizations include: Sole Proprietorship, Partnership, Limited Liability Corporation (LLC), or Corporation. Startup lawyers specializing in intellectual property (IP) can help you file relevant patent applications. Partnership Agreements. to resolve future conflicts.

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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 ). Button-down IP ownership and assignment issues (see post here ). Don’t issue stock options unless a proper option plan is in place and a valuation has been done in compliance with Section 409A of the Internal Revenue Code (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 ). Button-down IP ownership and assignment issues (see post here ). Don’t issue stock options unless a proper option plan is in place and a valuation has been done in compliance with Section 409A of the Internal Revenue Code (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). not an LLC or a partnership; the world of startups is the world of corporations. 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).

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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.

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Term-sheets and Valuations: Thinking about Negotiations - Startups.

Tim Keane

By Tim Keane, Angel Investor, Golden Angels Investors, LLC.   However, I assume that the proposed business solves a real problem that people are willing to pay for and that it may be lest costly, more efficient, and IP-protected. [5] Startups and angels: Along the way to success. Bottom Up Market Sizing » January 12, 2010.