Legal Questions

Essential legal issues that startups face, including corporate formation, fundraising documentation, founders stock, and board relations.

0 Votes
2 Answers
2.35K Views
Licensed software and due diligence: sufficient?

In the process of due diligence for an investment or for M&A, I ask: Considering that all other software is property of the company, is it sufficient to have a non-core part of the software,...

asked Apr 1 '12 at 16:36
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Jj.
29 points

1 Votes
1 Answers
3.04K Views
How can the co-founders equity (economic and control) be protected by being diluted in excess?

How can the co-founders that hold a minority of the shares be protected against: A dilution of his equity (economic and control) triggered by the shareholders that hold a majority of the...

asked Apr 2 '12 at 07:27
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Jj.
29 points

4 Votes
1 Answers
2.49K Views
Do you need to "be a company" to make money online?

A friend and I have a great startup idea which we plan to put into action at the beginning of the summer. We've also worked some revenues into our business model by allowing users to pay for some...

asked Apr 4 '12 at 10:22
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Max Mackie
166 points

6 Votes
2 Answers
2.71K Views
Do we need a lawyer before going live?

Once everything technical is said and done and we have a product to go live with, should we contact a lawyer? What kind of protection do we need from the "rotten eggs" out there? I know we need a...

asked Apr 4 '12 at 10:30
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Max Mackie
166 points

2 Votes
2 Answers
2.28K Views
Bringing in co-founder after launch

I have been bootstrapping for 1.5 years, coding part-time while keeping my full time job. I have also invested some 10k into my project. Now, the workload seems to pile up over time, and I know I...

asked Apr 5 '12 at 12:33
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Victor
593 points

1 Votes
2 Answers
2.53K Views
Image uploading app - Terms of service

I'm currently working on a simple image uploading app that lets you upload images to services like Flickr and Facebook. Do I need a terms of service or some other kind of disclaimer for an app like...

asked Apr 5 '12 at 23:15
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James
6 points

0 Votes
1 Answers
2.26K Views
Selling online products purchased from the market

Are there any rules and regulations when selling products purchased from the market in an online store? This is not affiliate/commission based selling. I'm purchasing products for the retail...

asked Apr 6 '12 at 11:37
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Sara
101 points

3 Votes
1 Answers
2.47K Views
How do I get an IP Lawyer as an Advisor

My pre-seed technology startup has developed unique IP which needs protection. The industry we're targeting is run by giants (with tons of IP), so the IP story will play a key-role on the startup....

asked Mar 13 '12 at 01:49
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Ellery Familia
16 points

2 Votes
2 Answers
2.35K Views
As a stock holder, do I have the right to know how many stocks other investors have?

As a stock holder, do I have the right to know how many stocks other investors have? The company is not publicly traded yet, but I am having difficulty trusting that I have received my fair "share"...

asked Mar 13 '12 at 17:28
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User16901
11 points

-1 Votes
2 Answers
1.95K Views
as one of the co-founders, can i have an equity and profit share both in mother holding corporation and subsidiary holding corporation?

the funders for my projects plan to put up a holding corporation. this holding corporation is intended to fund feasible projects by various project proponents not only those projects by me but...

asked Mar 14 '12 at 13:48
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Lovelyvixen
1 point

3 Votes
1 Answers
2.1K Views
Canadian Hosting issue

My company is Canadian and I'm planning to purchase a VPS account for my business with a Dallas,TX based company. But I'm being told by a friend that this may be a problem for the following...

asked Mar 15 '12 at 05:01
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Ray
215 points

4 Votes
5 Answers
3.04K Views
Prevented from seeing stock option plan

I've been working for large private software company (the last round of investment was very, very large) and my offer letter told me I would receive X number of options as long as the board...

asked Mar 16 '12 at 00:54
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Rox0r
125 points

0 Votes
3 Answers
1.97K Views
How to find the, "right" legal aid for a non profit startup

I am working on starting a Non profit startup in Boston MA, and looking for a lawyer to talk to about the incorporation filing proces. Google searches return overwhelming amounts of results, and my...

asked Mar 16 '12 at 06:58
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Geoff Matheson
1 point

2 Votes
2 Answers
2.99K Views
Legal issues for a donations website?

I'm about 95% into what started as a personal project but has developed into a nice website with some interest. It's a distributed-donation platform for donating to charities. Here's a quick...

asked Mar 19 '12 at 19:09
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Iamjonesy
129 points

0 Votes
3 Answers
3.35K Views
Legally required to provide hard-copy of receipts/invoices?

Just a quick question related to my start up. Am I legally required to provide posted hard-copies of invoices and receipts to clients or are email PDFs sufficient (if I know they can receive and...

asked Mar 20 '12 at 18:27
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Anonymous
557 points

1 Votes
5 Answers
2.42K Views
Microbrewing Commercially

Two of my childhood friends have started microbrewing and have a small following in their town. They were asking me if I wanted to join in since I have startup experience. I am putting together an...

asked Mar 22 '12 at 00:07
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Jeremy Boyd
110 points

2 Votes
3 Answers
2.46K Views
Protecting myself with a new business venture at the VP

I really need advice in how to protect myself with a new venture I took on. In January 2011, I became an adviser and sat on the board to a beverage company as I taught the CEO about channel...

asked Mar 23 '12 at 00:06
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Av Gvpsf
11 points

2 Votes
1 Answers
1.62K Views
3 Co-founders, and a good idea

2 colleagues and myself won a contest, for a business idea (my idea). We jumped into things and immediately bought a domain, incorporated in a partnership, bought a computer, some business cards...

asked Mar 24 '12 at 16:05
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Jason
11 points

2 Votes
5 Answers
20.1K Views
Signed an NDA but the company never returned their copy to me

I signed an NDA with a company, sent it back to them, but they haven't returned their signature (executed copy) back to me. This has been laying out their for 7 weeks. If I can't get them to send...

asked Mar 7 '12 at 05:30
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Joe
11 points

-2 Votes
2 Answers
2.46K Views
Do I have to use real personal name when signing checks and/or legal documents for my LLC?

I am starting my own LLC internet-based service business (this will be just a one man shop - me). I would like to try to remain as personally anonymous as possible (not because of anything illegal,...

asked Mar 7 '12 at 12:37
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Kay
9 points