VW New Texas C Corp Questionnaire | Dallas Business Lawyer

Client Information

Are you forming this new entity as an individual or existing entity?*

I am an individual organizing a new entity
I am representing an entity organizing a subsidiary

What is the name of the existing entity?*

Your Name*

First Last

Name of Governing Person*

Please list the name of the governing person of the parent entity.

First Last

Phone Number*

Address Type*

USA
International

Mailing Address*

This address will be listed in our client records.

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Mailing Address*

This address will be listed in our client records.

Street Address Address Line 2 City State ZIP Code

Email Address*

Entity Formation

Preferred Entity Name*

Please provide the preferred entity name of the new company.

Alternative Entity Name(s)*

In case your preferred name is not available, please provide two additional alternative names.

Alternative Name

Trademark Viability Search*

If you plan to trademark your entity name or assumed name, would you like us to do a search to determine the likelihood of your name or mark infringing on another’s and the registrability of a trademark? The fee for a preliminary search is $200/hour and a comprehensive search is $1,250.

No
Yes, Preliminary Search ($200/hour)
Yes, Comprehensive Search ($1,250)

DBA (Optional)

A DBA (Doing Business As) is an official filing you make with either the local or statewide government offices for registering the name under which you will be conducting business. If you are transacting business under a name other than the entity's legal name, you'll need to file a DBA.

Do you want Legalinc (a Vela Wood partner) to act as your Registered Agent? ($100 annual fee)*

A Registered Agent is the official “contact person” for a business. A business must officially designate a registered agent to receive and accept any lawsuits, notices, or other legal documents on behalf of the entity. Texas requires every entity to assign a registered agent before it is authorized to conduct business within the state.

Yes
No

If no, please list your Registered Agent’s name(s).*

Please note, a company cannot serve as its own Registered Agent.

Registered Agent

Registered Agent's Address*

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Would you like for us to apply for your EIN?*

You will need an EIN to open a bank account. In order to apply for an EIN a responsible party must provide a Social Security number.

Yes
No

Is the individual listed above applying for the EIN?*

Yes
No

If not, please list the full name of the individual applying for the EIN.*

First Last

Social Security number of the individual applying for the EIN:

Feel free to call our office at 214-821-2300 to give your social security number to someone over the phone.

Please provide a brief description of your business.*

This is needed for filing the EIN and also for certain securities exemptions notices.

Business Address*

The Business Address will be used for the following: 1) It will be the Directors' address listed in the governing documents; 2) It will be the address on file with the IRS; and 3) It will be listed as the address for notices listed in the company's legal documents.

Same as mailing address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Business Address*

The Business Address will be used for the following: 1) It will be the Directors' address listed in the governing documents; 2) It will be the address on file with the IRS; and 3) It will be listed as the address for notices listed in the company's legal documents.

Same as mailing address

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

Please list the names of the company's Director(s).*

A Director is an elected or appointed person who sits on the board of directors and helps the corporation to make certain decisions. Typically the board of directors is responsible for setting the strategic direction of a company. You must name at least one Director.

First Name	Last Name

Company Officers

Please list the company's other elected officers. We suggest naming at least a President, Secretary, and Treasurer. The same person can hold all offices.

Company President*

Please add the name of your company's President.

Company Secretary*

Please add the name of your company's Secretary.

Company Treasurer*

Please add the name of your company's Treasurer.

Other Officers

Please add any additional elected officers, if applicable.

Title	First Name	Last Name

Founders & Initial Shares*

How many shares would you like to issue to each of the company's founders? We recommend 10,000,000 initial shares with some portion, maybe 5% (500,000) or 10% (1,000,000), reserved for future issuance or an employee pool. Note that you can always issue additional shares in the future, but this will require an amendment to your certificate of formation.

Founder First Name	Founder Last Name	# of Shares

Initial Shares*

How many shares would you like to issue? We recommend 1,000 initial shares. Note that you can always issue additional shares in the future, but this will require an amendment to your certificate of formation.

Vesting Schedule*

Vesting is the period of time that securities (usually stock options) may be subject to forfeiture or repurchase based on meeting certain time or milestone criteria. Vesting co-founder equity helps to protect the company’s equity – so that a departing co-founder doesn’t depart with a lot of equity, but rather only the equity that has vested. A vesting schedule is the timeline over which a stock recipient’s equity vests. The typical vesting schedule is four years with a one year cliff. A one year cliff means that nothing vests for the first year, but after a year the vesting would catch-up to 12/48, and then the remaining balance would vest over three years (typically 1/36 a month for 36 months). If you plan to raise money, you will need to vest your shares. Check out our blog How Founder Vesting Really Works for a more detailed explanation.

Traditional (four years with a one year cliff)
Custom

Custom Vesting Schedule*

Please describe your custom vesting schedule.

Will the entity have employees?

Yes
No

How many employees are anticipated in the first year?*

What is the earliest anticipated date wages will be paid?*

Do you want to establish an option plan at this time?*

An option plan is a plan created by a company to issue stock options to its employees and service providers. If yes, we will be in touch with next steps.

Yes
No

Please describe:*

Please type any specific option plan instructions here.

Any other questions or requests?

Signature*

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