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.
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Category: Incorporation
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...
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What is the Board Consent in Lieu of First Meeting?
The Board Consent in Lieu of First Meeting is the first document that gets the business of the...
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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...
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When do I need to file the 83(b) election?
You should file an 83(b) election when you are issued shares with vesting (which is the standard)....
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Stock Ledger : What Should It Look Like (in its simplest form)?
A simple stock ledger should be created for each startup. This ledger contains the list of...
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State securities filing requirements…It’s important!
Each time the startup issues shares, you need to consider (or ask your attorney to consider)...
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What is vesting for founders’ shares?
The standard for startups is to put vesting on the shares issued to the founders. Our...
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What officers should I have for my Delaware corporation?
“Every corporation organized under this chapter shall have such officers with such titles...
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C-corporation versus S-corporation
The difference between a C-corporation and an S-corporation is merely a tax distinction. They are...
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What state should I incorporate in?
Almost all our startups are incorporated in Delaware. The standard for startups is to incorporate...
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What is the Action by Sole Incorporator?
After the Certificate of Incorporation and Bylaws, the next step in the formation of your...
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