For Delaware startups, only one director is required, but you can have as many as you want.Read More
Why am I paying for all the founder shares issued to me if my common stock is not vesting for 12 months?
As a founder and stockholder, you are paying for all the shares because you will own all 6,000,000 shares. The concept of vesting can be confusing to a lot of founders because vesting as it relates to founder shares is...Read More
The Board Consent in Lieu of First Meeting is the first document that gets the business of the startup going. Here are a few of the most common resolutions adopted by the newly appointed board: Appoints the officers NOTE:...Read More
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...Read More
A simple stock ledger should be created for each startup. This ledger contains the list of stockholders in the company along with: Stock Certificate Number Type of Stock Name of Stockholder Number of Shares Date the Shares Were...Read More
Each time the startup issues shares, you need to consider (or ask your attorney to consider) conducting a state securities analysis. The securities analysis will involve reviewing the state securities laws to determine if a...Read More
“Every corporation organized under this chapter shall have such officers with such titles and duties as shall be stated in the bylaws or in a resolution of the board of directors which is not inconsistent with the bylaws...Read More