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How to Form a Corporation

Up and Running

Ideally, you will interview a few candidates and pick the partners you feel comfortable working with for a long time. In addition to those two types of hired help, you can get free guidance and support from a local SBDC consultant. Your choice here is to either hire an agent or be your own. Name your registered agent.

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Should You Offer Equity Compensation to Employees?

Up and Running

If you’re giving a large percentage of your company to someone (and yes, two percent is large), you’re entering into a contract that’s really a whole lot like marriage in that it creates a long-term relationship between you and the employee or partner. See Also: 10 Tips for Dealing With Startup Stock Options. Hire slowly, fire fast.

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Should Entrepreneurs Attend Business School?

Up and Running

C Corp versus LLC, non-competes, liquidation preferences, preferred versus common stock, and so on). See Also How to Find a Business Partner. While there is a wealth of information available online, it’s all a lot more tangible when you have case law and real life anecdotes attached to these considerations.

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What is TheFunded Founder Institute?

Startup Company Lawyer

Hiring and Firing. July 14th, 2009: Implement hiring policies and practices. Description: When to hire and when to fire? How to keep your start-up in the sights of both partners and buyers. How to hire the best vendors for the best rates. What does a good budget process look like? When is it ‘too late’?

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How to Raise Investor Funding for Your Startup

Early Growth Financial Services

Baze, Partner at Partech Ventures, Carlos Diaz, CEO at Kwarter, and EGFS’ Chief Strategy Officer Glenn McCrae covered raising funds, how-to pitch VCs, and potential sticking points around valuation. Option Pool — An important piece of your hiring and compensation … Continue reading → Videos'

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Equity for Consultants – Keep it Simple!

www.mattbartus.com

I can’t tell you how often a client calls me up and says something like this: “Matt, we have this great new consultant who is going to make introductions to us to [pick type of business partner]. First, you’d probably want them to receive common stock, not preferred stock (which is the likely next round).

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Building a new startup hub

Startup Lessons Learned

They take common stock, not preferred, a fact that the entrepreneurs mentioned to me many times. As a result, the companies get a lot of exposure to VCs, investors, and partners in larger, more traditional startup hubs. And they expose the startups to a vast network of mentors, none of whom get paid for their involvement.