Preparing for Funding Ep1: Incorporation
February 19, 2018 | By Vela Wood
Office Hours is a podcast hosted by Vela Wood venture attorneys Kevin Vela and Aaron Terwey covering general issues related to small businesses and startups. Preparing For Funding is a series of Office Hours episodes about getting your company’s legal house in order before taking on funding.
In this episode, Kevin and Aaron discuss why your company’s legal matters, lifestyle businesses v. venture-backed businesses, whether you should form your entity as a corporation or LLC, implications of the new tax code, and the filing requirements for entity formation.
- Make an Investment in Legal
- What’s The Difference Between A Small Business And A Startup?
- Choosing The Right Entity
- Why Your Startup Should (Likely) Be A C-Corp
- Why Your Small Business Should (Likely) Be An LLC
- Do I Really Owe Delaware $75,000? Explaining Delaware Franchise Tax Calculations.
- The Company Agreement Explained
You can find definitions and explanations of terms used in this podcast on our site, VentureGlossary.com.
- Capital Account
- Company Agreement
- Certificate of Formation (COF)
- Certificate of Incorporation (COI)
- Customer Acquisition Cost (CAC)
- Employer Identification Number (EIN)
- Employee Stock Option Plan (ESOP)
- Institutional Investor
- Lifestyle Company
- Limited Liability Company (LLC)
- Limited Partnership
- Pass Through Entity
- Profits Interest Plan
- Registered Agent
- Shareholders’ Agreement (SHA)
- Stock Options
- Strategic Investor
- Unanimous Written Consent
- Venture Capital
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