How many directors do I need for the Board of Directors?
For Delaware startups, only one director is required, but you can have as many as you want.
Early Stage Financing
What is the typical discount given to angel investors upon conversion of their note?
If you don’t know about the conversion provision for a bridge financing, read this post on the conversion provision first. There are a few things that will be helpful to understand in relation to this question. The most...
Venture Capital Financing
What is a liquidation preference cap?
The liquidation preference can also have a cap if it is a participating liquidation preference: After preferred liquidation proceeds, preferred participates in liquidation proceeds on the common with a cap on participation at...
Tax Issues for Startups
Why is my Delaware franchise tax bill so high and how is it calculated?
As a technology startup incorporated in Delaware, you will receive a tax bill from the State of Delaware. It isn’t necessarily tied to income, but it is a tax you need to pay because the company’s place of origin is in the...
Intellectual Property for Startups
What is the difference between a patent, copyright and trademark?
Everyone has a great idea. Maybe you are a first time inventor who came up with an idea for a new and useful product, process or methodology. Maybe you are a seasoned business person, and you created a brand name....
Startup Incorporation Packages
TSL now offers online startup incorporation packages that are simple and painless to complete. We will get your startup formed quickly so you can build your product and launch. All packages include a 30-minute consultation with a startup attorney and we handle all necessary filings so you don't have to worry about it. Check it out!