Legal Questions

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

0 Votes
3 Answers
2.85K Views
Using freeware in my business

I'm planning to start a local business where I would repair and tune up customer's computer's for a flat rate of, say, $60. I wouldn't hire any employees, I'd just be me. If I used freeware (open...

asked Apr 26 '11 at 16:47
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Ratz
118 points

9 Votes
1 Answers
3.67K Views
Prenuptial separation agreement for cofounders

My apologies if this question has been asked before. I tried to find the answer reviewing other questions and still don't have the answer so here is the question(s): We are now setting up the...

asked Apr 28 '11 at 16:49
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Miguel Buckenmeyer
482 points

3 Votes
3 Answers
2.9K Views
Gambling vs. gaming?

I got interested in business models involving prediction markets and I am wondering at which point such a thing is considered gambling. Here are the cornerstones: it's a prediction market, i.e....

asked Apr 28 '11 at 21:56
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Movingabout
16 points

2 Votes
4 Answers
6.07K Views
Templates for privacy policy / terms of use for a Web Application

Is there a good resource for templates for those documents?

asked Apr 29 '11 at 04:23
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Ron M.
4,224 points

6 Votes
3 Answers
16.5K Views
How do you actually setup a vesting agreement for co-founders w/out breaking the budget?

I'm based in Hong Kong. I've read through a lot of information about share vesting for co-founders and realized that is definitely the solution I want. I'm now trying to figure out how to actually...

asked Apr 29 '11 at 11:04
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Asim Hussain
41 points

1 Votes
4 Answers
3.66K Views
Can you transfer ownership of code written by subcontractor in the US?

Suppose subcontractor A makes software for company B. Both are in the US. Company B would like to retain the rights to any code created for the project and all data will reside on databases...

asked May 1 '11 at 15:50
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Antonio
131 points

1 Votes
4 Answers
7.87K Views
Is it legal to show an album on a Youtube Video?

Im currently working on a channel on Yt which does album reviews and I've gone from just speaking to do it in person on webcam and I am hoping at some point to go for a Yt partnership as I've...

asked May 3 '11 at 11:12
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Keepinitcore
8 points

3 Votes
3 Answers
6.39K Views
PCI compliance and Visa Third Party Agent requirements

I own a web hosting company and maintain my own servers in a colocation facility. I do not resell the hosting services of another company. My new startup company is a SaaS provider that I'm hosting...

asked Apr 20 '11 at 12:57
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Tauren
240 points

5 Votes
1 Answers
4.73K Views
One partner is refusing to sign a amendment shareholder's agreement, which would bring in a large investor

We started our small corporation 2 years ago with 3 partners - lets, call them Adam, Ben and Carl for argument's sake. Adam and Ben do all the work. Carl turns out to be a louse who is always angry...

asked Apr 22 '11 at 08:51
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Moni Cosman
26 points

4 Votes
1 Answers
3.48K Views
Is there any tax advantage or incentive to leave money in an LLC at the end of the tax year?

We're forming a 2 person LLC and part of what we're trying to figure out is how much to leave in the LLC to build up some capital reserves. Since an LLC is a pass through tax entity if the LLC...

asked Apr 23 '11 at 10:57
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Todd H
196 points

2 Votes
3 Answers
3.33K Views
Approach copyright holders to licence IP for my game

I built an electronic version of a popular board game. I got some good responses on avoiding legal issues, but I went ahead and built it anyway, keeping it private for obvious reasons. Everyone who...

asked Apr 23 '11 at 22:49
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Pate
306 points

3 Votes
3 Answers
2.33K Views
startup credit card issues

So here's the issue, I need to accept credit cards on my site, but I don't want to go through a merchant service, I want to go through visa/ amex/etc directly (it's a long story..). Now, to even...

asked Apr 9 '11 at 08:04
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Aslyesnow
214 points

1 Votes
1 Answers
2.53K Views
Role of fictitious names as they relate to products & domains for a business entity

I own an LLC-based out of California in the bay area. While I own the basic domain for my company, I intend to launch my entity's first project using a different domain/name. That is, it's still...

asked Apr 11 '11 at 04:05
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Stranded Panda
8 points

3 Votes
3 Answers
2.05K Views
partnership percentages

I am a Product designer with 25 years in the field. I also have an extensive array of skill sets as well as facility. Computerized Milling, Engineering and Development software as well as Rapid...

asked Apr 11 '11 at 04:51
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Dug
16 points

2 Votes
2 Answers
3.04K Views
Where am I "doing business" if I only have a website and I (potentially) sell to companies all over the world?

This is spawned from @Dana Shultz's answer to this question. from this portion of his answer: ...if you incorporate elsewhere but do business in CA, you will need to register in CA, too... ...

asked Apr 12 '11 at 13:19
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Abe Miessler
264 points

4 Votes
4 Answers
3.29K Views
what are the legal ramifications of an android app that uses third party music?

I was thinking of creating an Android game/app that plays a soundtrack from a movie, and prompts you to guess what movie it is from. My question is: what are the legal ramifications of an app like...

asked Apr 13 '11 at 01:38
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Ephraim
121 points

0 Votes
2 Answers
4.03K Views
Is reading someone's address book with his permission and knowledge and sending bulk email an act of spam?

There is this scenario. I registered dropbox.com (hereafter DB) and were using it. And DB offered me a referral program that I'll get 250mb for every free register from my referrer. So I gave DB...

asked Apr 14 '11 at 22:52
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Moe Sweet
141 points

2 Votes
1 Answers
2.08K Views
What key factors should be included in an exclusive international distributor agreement

We are a software company with an international partner in EU. They want to be exclusive as a distributor what should be the most important points we need in our agreement? Our product is not in a...

asked Apr 14 '11 at 22:54
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Stacey
484 points

4 Votes
3 Answers
3.43K Views
Doing a startup on H1-B

I have been itching to do a startup since a long time but this visa (H1-B) is getting forever to sort out (6+ years already) One idea to work around the H1B issue is as follows - I transfer my...

asked Mar 31 '11 at 07:46
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User9070
21 points

2 Votes
1 Answers
2.1K Views
Price vs. long-term potential: how to pick counsel for incorporation?

For those of us who have incorporated a start-up and for those of us who are in the process: (1) did you hire counsel to handle the initial paperwork (i.e., for the initial founders' stock...

asked Apr 7 '11 at 22:15
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User6492
1,747 points