Pretty good articles. The blog is really nicely designed, too.
[deleted]
If I Launched a Startup
21–30 of 39 posts
Re: If I Launched a Startup
#22Earlier quoted context omitted.
Why pay any extra $ when you don't have to? Many scenarios will end up with you paying greater than the minimum ($75).
it's not.
Here's his article on it: http://thestartuplawyer.com/incorporation/the-delaware-freak...
His example comes to $175.
And it may be much worse depending on specifics or if you take this specific advice but incorporate in another state.
Re: If I Launched a Startup
#23if you have vested share scheme with a 1 year cliff then also have 'acceleration on change control' i.e. if you get bought out early then you don't want to be waiting years for the remainder of your money, get the payment accelerated
Re: If I Launched a Startup
#24Earlier quoted context omitted.
it's not.
Here's his article on it: http://thestartuplawyer.com/incorporation/the-delaware-freak... His example comes to $175. And it may be much worse depending on specifics or if you take this specific advice but incorporate in another state.
Well, the example assumed the startup's gross assets were $250,000. If gross assets were $100,000 the tax would be $75 (actual calculation gives you $70 but min is $75).
Re: If I Launched a Startup
#25if you have vested share scheme with a 1 year cliff then also have 'acceleration on change control' i.e. if you get bought out early then you don't want to be waiting years for the remainder of your money, get the payment accelerated
Sure, if it's my vesting schedule I'm pushing for single-trigger acceleration. ;)
Re: If I Launched a Startup
#26Earlier quoted context omitted.
Great post, Ryan! It is always easy to quibble with this or that aspect of how to launch a startup legally, but this is a great roadmap for founders to get them started in their thinking and to keep them focused on the right issues. It is quite consistent with the rest of your high-quality blog.
Thanks George. We need to catch up soon!
awesome to have you in this community Ryan. Legal stuff is my least favorite part about operating a startup. It is great to have the perspective of someone who is passionate about it. Also, this is great away for you to get involved with great startups.
Re: If I Launched a Startup
#27Pretty good articles. The blog is really nicely designed, too.
Design credit goes to Dave Onkels, co-founder of Magntize. (http://daveonkels.com)
Re: If I Launched a Startup
#28if you have vested share scheme with a 1 year cliff then also have 'acceleration on change control' i.e. if you get bought out early then you don't want to be waiting years for the remainder of your money, get the payment accelerated
If you get acquired, the payout schedule gets renegotiated anyway. So what's the point?
Re: If I Launched a Startup
#29if you have vested share scheme with a 1 year cliff then also have 'acceleration on change control' i.e. if you get bought out early then you don't want to be waiting years for the remainder of your money, get the payment accelerated
If you get acquired, the payout schedule gets renegotiated anyway. So what's the point?
kinda chicken and egg... why do they have an 'acceleration of change control' if it gets renegotiated anyway? I figure its worth mentioning either way.
Re: If I Launched a Startup
#30It is great that he summarized many of his posts in one concise post.
I've read and followed his advice to form my first corp recently. But it took a few days of research to understand what he was saying and why.
It still costed me over $2k to get incorporated though.