Over the past few years several terms have emerged in the lexicon of start-up companies. None more important than the “angel investor”. An angel investor is your neighbor, the lady in your Rotary Club, the successful businessman who now seeks to make a return while helping others grow their businesses. So how do you find…
During lunch with a potential investor you notice the investor is deep in thought. What are they thinking about? Their soup? Their next appointment? Your awesome slide deck? Probably not. If he took the appointment, he knows you are looking for money. You do not need to take a psychic to lunch. Here is…
If you are starting a business, you will probably have employees. This checklist discusses several issues for emerging growth companies to consider when hiring employees. When you’re prepping to hire that first employee, consider these issues: Does your company use an offer letter to offer employment? Position/title Pay Part-time/full time Reporting responsibility Responsibilities Conditions for…
Should you have a shareholders’ agreement? Sometimes these documents are called “Founders Agreements” that the founders execute at the outset of their endeavor. There is no legal requirement that the owners of a company have a shareholders agreement – and, likely, at the founding of the company, there are not enough resources to devote to…
Forming a new entity? Let’s get started! We designed this questionnaire to obtain information relevant to the organization of a new company. Please note that this questionnaire is a tool to elicit relevant information and does not, by itself, create any legal rights, representation or client status. We will use the information that you…
What is Seed Capital or a “Seed Round” financing? The initial capital used to launch a business is sometimes referred to as “seed round” capital. Often provided by founders or friends and family of the founders, this capital is among the highest risk and potentially highest return capital. Their investment is more likely driven…
If you are at the point that you have decided to launch your start-up, you have already confronted your next big challenge: funding it. This checklist compares several forms of initial financing. We recognize that start-ups have many options –ranging from credit cards to small business loans, but this checklist focuses on getting investors through…
Thinking of starting a limited liability company? This checklist gives you several issues to think about as you launch your new entity. The limited liability company entity form resembles in many aspects a partnership – both in the way it is likely going to be taxed and in the nature of the documents required to…
What does “fully diluted” mean? Generally, the statement refers to the complete ownership of all the issued and outstanding shares of common stock of a corporation taking into consideration the rights of holders of other classes to convert to common stock and the exercise of all common stock equivalents, like options. For example, 100 shares…
Congratulations Void Design Haus and thank you for reviving a Virginia Tech Football relic! (aka the Souvlaki Football Graveyard) —– To see our other featured clients click here. Our Disclaimer. As a law firm, we have to be careful that we do not inadvertently create an attorney-client relationship. So, to be clear, the…