Jul 19, 2016 - 01:49 PM
So the norm is to be told what to do on legal points: form a Delaware C-corp, use founder vesting, file 83(b)’s, get a 409A valuation, etc., all of which is well and good.
I will here instead go at the issues asking *why* each legal piece is as it is and *why* this is important to know.
So why a why-themed approach? Because founders are bright, law is dull, and it livens things up to engage with you logically. Law does follow logic. At least business law does. To grasp the logic is to better grasp the law. And, more important, to help you manage it toward your ends. And this may even make it less dull, or at least that is the hope.
I have also added Q&As that give basic prescriptive guidance on what you need to do for your startup. You can skip the why part and focus only on these if that is your won't.