When launching a startup involving any technology, (e.g., a software development operation or a social media venture), there are key documents that are necessary to make sure that the essentials are protected and the parties have the right sense of duties and incentives. Doing that will put the venture on the best path to maximizing its value. As part of that process, your startup will ensure the following: (a) the intellectual property is properly owned by the operation, (b) the co-founders are contractually bound to defined frameworks to handle disputes and misunderstandings; and (c) the proper business entity is selected for future financing goals. And now the top ten legal documents:
BUSINESS ENTITY FORMATION DOCUMENTS
Any venture that is serious about what it has to offer the world will set up an entity to give it the best foundation possible. An entity is one of the classic alphabet soup of possibilities (S-Corps, C-Corps, LLC’s and so on). Without an entity it will be next to impossible to raise capital, structure employee incentive plans, and properly house your intellectual property.
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