Let’s get real for a sec.

All you want to do is change the world with your brilliant startup idea. But first you’ve gotta tackle the boring legal crap. Ugh.

Don’t glaze over just yet! Because legal prep is the rocket fuel to send your startup into hyperspace.

Do it right, and you’ll have investors banging down your door waving term sheets. Mess it up, and at best you’ll burn precious time. At worst, your company goes down in flames.

So strap in and let’s conquer startup legal mumbo jumbo in 3, 2, 1…blastoff!

Lock and Load Your Founders’ Agreements

Don’t be that cliché startup torn apart because two founders disagreed on equity splits. Avoid co-founder bloodbaths by locking in agreements on paper for:

✅ Equity splits

✅ Individual roles 

✅ Decision making power

✅ Plans if someone leaves

Venture Vision 360 can hook you up with templates to get this done fast. Consider it the legal equivalent of a prenup before tying the knot.

Choose Your Business Structure Wisely

It’s time to pick a business identity that’ll be your company’s ride or die through IPO and beyond. The top contenders:

⚖️ C-Corp – Venture-backed startups love this classic structure. But profits double taxed.

⚖️ S-Corp – Limits liability for shareholders without double taxation.

⚖️ LLC – The new hotness. Gives flexibility of partnership with corporate protections.

Each structure has tradeoffs for ownership, fundraising, and taxes. Delware state for easy incorporation, Florida for better business and 100’s of other factors in all the different states, evaluate your needs.

Lock Down Your IP to Avoid Startup Suicide 

Your innovations are everything. Don’t blow it by letting trade secrets or intellectual property leak away because you didn’t protect them legally.

Require airtight IP assignment agreements from every employee and contractor giving all rights to your company. Lawyer up with IP pros to lock down patents, trademarks, copyrights – the works.

Or kiss your startup goodbye.

Organize or Die

When due diligence time comes, investor vultures will pick through every scrap of legal and financial records you have. Messy paperwork causes messy delays securing funding. 

Get your legal ducks in a row today. Neatly organized records make investors feel all warm and fuzzy.

Weigh Debt vs Equity Funding

Both debt and equity financing fuel startups’ rocket rides, but which is best?

⚖️ Debt – Quick access to capital but requires repayment regardless of success.

⚖️ Equity – Investors own part of your company forever. But you keep control and avoid debt.

Evaluate options with your Finance guy to chart the best funding course.

Strap in and let’s ride! You’ve got this legal stuff handled 🚀. Next stop: building your billion dollar startup empire!