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Show HN: U.S. Legal Concepts for Founders – Online Handbook

handbook.clerky.com

31–40 of 55 posts

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#31

Two questions, I am about to incorporate and I am thinking about doing it in Wyoming instead of my home state of NY, what does Clerky think? And how can I buy some Clerky stock?

It depends on what kind of company you're looking to build. If you're going to be looking to raise money, especially from an accelerator or VC, the standard approach is to form a Delaware corporation.

But for other types of businesses, there can often be no standard approach. Out of curiosity, why are you looking at WY in particular?

As for your second question - unfortunately, there's no way to do so at the moment :) But thanks for the sentiment!

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#32
post #30

Hey guys, love the concept. Just wanted to see when or who could use the contractor agreements? I would love to get those set up now.

Thanks! Feel free to email us at support@clerky.com and we can see if we can help (assuming you have a DE C-corporation). I'll keep an eye out for your email :)

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#33
Love this. As a founder with an engineering background I often struggled with all sorts of legal terms and concepts. And it always seemed that people made me feel dumb every time I asked something like: "what's the difference between between LLC and Inc", or "what is a stock option?".

I think that in fields outside of science and engineering people are more quick to judge you when you make seemingly simple questions...

So thanks clerky team!

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#34

Hi everyone! I'm one of the cofounders of Clerky :) We've gotten a ton of questions from founders over the years - this handbook is what we always wished existed, so that we could point people to it. There are already a lot of great blog posts by attorneys out there, but we thought it was also important to have something that (1) helps founders build a solid foundation of knowledge rather than piecemeal, (2) covers t…

A few Suggestions/Questions:

* A Table of Contents would be extremely useful.

* Which states require the existence of typical officer positions? Perhaps list out what California, Washington state, and New York require.

* What is the distinction between CEO and President? CFO and Treasurer?

* What are the pros and cons of formally naming all the co-founders as officers of the corporation (assuming the typical 2-3 founder situation)?

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#35
post #33

Love this. As a founder with an engineering background I often struggled with all sorts of legal terms and concepts. And it always seemed that people made me feel dumb every time I asked something like: "what's the difference between between LLC and Inc", or "what is a stock option?". I think that in fields outside of science and engineering people are more quick to judge you when you make seemingly simple questions.…

That was a huge motivation in writing this. I've found that it's common for people to gloss over legal questions with a surface-level answer, and use a variety of tactics (including making the other person feel dumb) to dissuade any follow-up questions (usually because they want to hide their inability to answer follow-up questions).

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#36
post #34

Hi everyone! I'm one of the cofounders of Clerky :) We've gotten a ton of questions from founders over the years - this handbook is what we always wished existed, so that we could point people to it. There are already a lot of great blog posts by attorneys out there, but we thought it was also important to have something that (1) helps founders build a solid foundation of knowledge rather than piecemeal, (2) covers t…

A few Suggestions/Questions: * A Table of Contents would be extremely useful. * Which states require the existence of typical officer positions? Perhaps list out what California, Washington state, and New York require. * What is the distinction between CEO and President? CFO and Treasurer? * What are the pros and cons of formally naming all the co-founders as officers of the corporation (assuming the typical 2-3 foun…

Thanks for the suggestion! We have all the pages listed out in the navigation - you might have to click on the hamburger menu in the upper left if you're on a mobile device. Or let me know if I misunderstood :)

One of our illustrious editors will respond to your questions!

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#37

Hi everyone! I'm one of the cofounders of Clerky :) We've gotten a ton of questions from founders over the years - this handbook is what we always wished existed, so that we could point people to it. There are already a lot of great blog posts by attorneys out there, but we thought it was also important to have something that (1) helps founders build a solid foundation of knowledge rather than piecemeal, (2) covers t…

Are you going to do a Canadian version? (please do)

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#38
post #37

Hi everyone! I'm one of the cofounders of Clerky :) We've gotten a ton of questions from founders over the years - this handbook is what we always wished existed, so that we could point people to it. There are already a lot of great blog posts by attorneys out there, but we thought it was also important to have something that (1) helps founders build a solid foundation of knowledge rather than piecemeal, (2) covers t…

Are you going to do a Canadian version? (please do)

We'd love to, but are pretty focused on the US at the moment. Maybe one day :)

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#39

Hi everyone! I'm one of the cofounders of Clerky :) We've gotten a ton of questions from founders over the years - this handbook is what we always wished existed, so that we could point people to it. There are already a lot of great blog posts by attorneys out there, but we thought it was also important to have something that (1) helps founders build a solid foundation of knowledge rather than piecemeal, (2) covers t…

1. Could you provide any links to similarly high quality content or services like Clerky that are geared towards setting up an ideal lifestyle business structure (such as consulting and a smattering of low-revenue SaaS products). Particularly something that covers what to do beyond just setting up a passthrough entity.

2. Can you provide any links to resources on how to evaluate E&O policies for professional technical work? Some of the work I do involves spending 6 figures a month on a marketing campaign, building out BI solutions that are then relied on for making critical decisions (not to mention giving me access to highly confidential data), and building out SaaS products that enforce TCPA compliance on telemarketing databases. Even with a solid contract in place, I'm somewhat terrified at the thought of a well-funded, sue-happy client trying to use me as a scapegoat someday if something goes sideways or doesn't go their way.

3. Any good contract templates for the kind of services mentioned above, that include solid indemnity clauses?

4. How do you find a competent lawyer to ask these kinds of questions to? The few I've spoken to locally don't seem to have many clients like me and were generally about as helpful as a google search (with a much higher pricetag). And I'm unsure how to find the ones that can give actionable advice.

Re: Show HN: U.S. Legal Concepts for Founders – Online Handbook

#40
I'm a huge fan of Clerky and have been ever since one of the Founders spent an incredibly long time answering questions from aspiring founders on Reddit. I learned an immense amount just reading his responses and am a much more informed person as a result.

Consequently, I'm far too big of a fan to critically evaluate their work. Shit, I'd give their grocery list rave reviews...:)

But seriously, thanks for publishing this. I can't count how many founders struggle with the kind of information that your handbook covers. This is an absolutely wonderful gift.

Take good care of yourselves and best of luck!

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