Mo’ Founders Mo’ Problems – Another Vote For Well Drafted Partnership Agreements
Note, the advice below is entity type agnostic. Member Agreements, Company Agreements, and Founder Agreements are included in the context of partners agreements. Founder disputes are unavoidable – and the more founders, the higher the likelihood for disagreements. Every startup will […]
Brian Kim is a Senior Attorney at Vela Wood. He focuses his practice in the areas of M&A, venture financing and general corporate transactions.
A Joinder references a document used to join a new party (such as a shareholder/member) to a document already executed by other parties. By way of example, a joinder may be used to add a new member to an Operating […]
Formation Documents include the basic documents signed and completed during the formation of a company. This will always include the Certificate of Formation, Articles of Incorporation/Organization, or Certificate of Incorporation/Organization. The Formation Documents may include items such as (2) Resignation; […]
Corporate Governance is the manner in which an entity is governed and regulated. The term is used across all entity types – corporations, LLCs, and partnerships. Corporate governance documents include the certificate of formation/incorporation and bylaws for a corporation, and […]
Silicon Valley Review S5, Ep3: Levels of Decision-Making & Employee Retention
In this episode, we review S5, Ep3: “Chief Operating Officer” and discuss who makes day-to-day decisions v. strategic decisions v. fundamental decisions, enforcing non-competes, the three things to include in contractual agreements with your employees, and how to attract and retain great employees.
Forming an Entity (LLC v. C-Corp)
This blog was originally published in March of 2018 but was revised in January of 2025 and is still accurate. Okay – it’s time to actually form the business. You’ve built your pitch deck, received feedback from naysayers, visited with […]
Preparing for Funding Ep1: Incorporation
In this episode, we 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.
VDR Ch. 13: Issues at Different Financing Stages
In this episode, we discuss runaway valuations, party rounds, and board control.
VDR Ch. 9: Crowdfunding
In this episode, we discuss product, charity, and equity crowdfunding, company types that best fit crowdfunding, the importance of being familiar with securities regulations and exemptions, and the future of crowdfunding.