Legal Questions

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

2 Votes
1 Answers
2.5K Views
What if I decide that I want to change the state that I formed my LLC in to a different state?

For example, say I form my LLC in Delaware and then decide several months down the road or maybe even a couple years down the road that I want to change the state to Florida and form my LLC in...

asked Mar 7 '12 at 20:38
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Kay
9 points

2 Votes
4 Answers
2.62K Views
Can I have different co founders on different parts of the company?

I want to launch different web services which have different co founders under one company, And still keep them separated from each other? for example should one of the apps not do so well I don't...

asked Mar 9 '12 at 19:01
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I Scotts
152 points

1 Votes
4 Answers
2.98K Views
Is there another way to dilute successful startup company stock that I've never heard of?

I am a founding investor in a 3 year old startup company and own about 2.5% of the company stock. I was initially involved as a consultant but I haven't been involved for the last 1.5 yrs. The...

asked Mar 10 '12 at 14:05
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Robert
9 points

1 Votes
1 Answers
1.96K Views
How to divide assets of a defunct business?

I'm going through a breakup right now with my partner, where he and I started the company as 50/50 owners and then later brought on a third party which was then split 38/38/24 between us. This was...

asked Mar 11 '12 at 16:53
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Devin
36 points

2 Votes
2 Answers
2.41K Views
Introducing the idea to friends I'd like to add to the startup - How to and at which conditions?

I'm in the process of trying to establish my first startup. At the moment I'm working with a friend of mine on developing the idea, and we had already created a prototype for our product on a...

asked Feb 21 '12 at 04:50
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Orchestrator
149 points

2 Votes
3 Answers
2.82K Views
Is it legal to link on your web page to your startups's AngelList profile?

US-incorporated companies are prevented by the SEC from soliciting investments in exchange for private securities. How legal is it to link to your startup's profile on AngelList, for instance?

asked Feb 22 '12 at 15:13
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Dan Dascalescu
168 points

1 Votes
3 Answers
2.67K Views
My partner quit... what do I do now?

We were registered as a partner business and we started to work together about 2 months then my partner quit without asking to split the share, she just said "sorry, thing went wrong in my family....

asked Feb 25 '12 at 09:48
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Alan Sugar
6 points

3 Votes
3 Answers
2.4K Views
Ethical marketing?

I'm a bit confused at the moment... hope someone can help me out. I'd like to hire a temporary internet marketing team to promote my website on the internet. I'd like them to promote it on...

asked Feb 28 '12 at 09:00
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User16659
18 points

3 Votes
2 Answers
2.14K Views
Do I need to incorporate in the US to run events?

I'm from Germany and want to run small events (around 50 participants) in the United States, which involve the sale of tickets (probably online) and payment to contractors which contribute to the...

asked Feb 16 '12 at 08:05
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Benjamin
16 points

3 Votes
2 Answers
2.07K Views
Looking to hire designer for a few days. What do I need to know?

I'm probably going to hire a freelance web designer for a few day to complete a project. The designer will probably be freelance so I will be paying a fixed amount on completion. Are there any...

asked Feb 18 '12 at 09:03
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Lee Jacobson
116 points

0 Votes
2 Answers
2.31K Views
Whose laws should my business adhere to; where is the boundary?

I would like to know which country's laws I must abide by when conducting online business. Let's say I want to sell VPNs and here in the UK, this was illegal. In Holland this is legal however (as...

asked Feb 2 '12 at 20:08
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Jwbensley
113 points

1 Votes
3 Answers
2.15K Views
Are signature templates legal?

So i'm running a startup and i get to sign a lot of paperwork, It really annoys me to fill in the details of a PDF, print it, sign it, then scan it again. Is it legal to sign my signature on a...

asked Feb 2 '12 at 23:44
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Mark
31 points

1 Votes
3 Answers
3.37K Views
What is the definition of capital account?

It seems that it's a virtual term. It is not a bank account. It is the net result of gains-losses. And it seems that there are two types of such accounts – the llc's, and members'. The account...

asked Feb 3 '12 at 08:04
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Startup1
90 points

5 Votes
7 Answers
3.44K Views
How can I commercially profit from the discovery of new algorithms?

About the Algorithm:I've invented a brand new method for sorting data in a very fasts way which is faster than QuickSort itself. This algorithm can be used for huge data manipulation which is very...

asked Feb 4 '12 at 03:55
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Nabil Abdulaal
29 points

3 Votes
2 Answers
2.82K Views
Tracking the receipt of digital documents via the internet

What is the best/cheapest way to: Known when a digital document is received via the internet, Know who received it, Have them sign that they received it, and Reduce the odds that they will alter...

asked Feb 6 '12 at 06:47
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Blunders .
899 points

0 Votes
1 Answers
2.41K Views
"Doing business as" registration – is it needed for an online only business?

Selling ad space on a website has no physical place of business except for the office, which might be the owner's home. Also, if registering a DBA would be needed, it would have to be all over the...

asked Feb 7 '12 at 02:46
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Startup1
90 points

1 Votes
2 Answers
3.02K Views
C Corp Investment Documents

What the appropriate documents needed for one to buy into a (Delaware) C Corp (private)? What are the documents that the Company needs to issue in order to confirm the investment?

asked Feb 7 '12 at 03:21
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Sfe
4 points

1 Votes
2 Answers
2.59K Views
LLC Tax Laws ::: Groupon Vouchers

TheCompany, LLC is a Groupon type service that offers local business discounts in the form of a redeemable voucher. I, TheCompany.com will offer a platform that businesses can make "Daily Deal"...

asked Feb 7 '12 at 08:07
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Dan Kanze
118 points

0 Votes
1 Answers
3.07K Views
Does opening a bank account for an llc make a person personally responsible for the account?

I've asked a bank what they require in order to open a bank account for an llc, and the main thing was a "certificate of good standing". Since the "certificate of good standing" or even the...

asked Feb 10 '12 at 05:10
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Startup1
90 points

3 Votes
1 Answers
2.08K Views
Preventing ex-employee from working with competitor

If an employer has employees sign an agreement forbidding working for a competitor for x period (say 1 year) after termination, can it be enforced (in Texas)?

asked Jan 26 '12 at 04:32
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Bfox
16 points