Category: Legal & IP (Page 1 of 6)

Free Legal Services for Startup: Apply for Fall 2022 Cohort


Apply for the UC Hastings Law School Startup Legal Garage for its Fall 2022 Cohort.

With the help of volunteer attorneys from top firms, UC Hastings law students will meet new companies’ legal needs from incorporation to privacy policies to option plans, licensing, trademark, and beyond.

Pro bono program offered by Startup Legal Garage saves the average startup up to $30K of runway. By setting companies on the right legal footing from day one, they enable more investment opportunities and growth.

New Rule for Foreign Entrepreneurs

The United States has a new rule, which allows foreign entrepreneurs a temporary initial stay of up to 2 years (which may be extended by up to an additional 3 years) to facilitate founders’ ability to oversee and grow his or her start-up entity in the United States. Some people call this a “Startup Visa”.

Who is eligible?

Entrepreneurs who have a significant ownership interest in the startup (at least 15 percent), and have an active and central role to its operations.

Free Legal Help

Good deal guys… Apply by August 10th to receive free startup legal services from UC Hastings College of the Law.

Applications are due midnight, August 10th:
https://www.surveymonkey.com/s/startuplegalgarageapplication

Be sure to mention Founders Space.

If you want help, contact [email protected]

Here’s How to Incorporate Your Startup in the United States

Anil Advani, an attorney at Inventus Law, tells how to incorporate your startup as an LLC, S Corp, C Corp; the differences between California and Delaware; how to put together the initial cap table; how to elect a board of directors and officers; how to structure the founders stock, vesting and acceleration and much more!

Wilson Sonsini Term Sheet Generator for Convertible Notes

This tool will generate a convertible note term sheet based on your responses to an online questionnaire. It also has an educational component, with basic tutorials and annotations. This term sheet generator is a modified version of a tool that we use internally, which comprises one part of a suite of document automation tools that we use to generate start-up and venture financing-related documents.

http://www.wsgr.com/WSGR/Display.aspx?SectionName=practice/termsheet-convertible.htm

Founders Spotlight: The Royse Law Incorporator

Each week we try to feature an innovative startup or service that founders can use.

This week it’s The Royse Law Incorporator.  This brand new service is designed to help you incorporate and structure your company in Delaware or California. For an all-inclusive fee of $1,000, they will incorporate your company and provide a one hour consultation with an attorney.

http://www.royselawincorporator.com/

The $1,000 fee covers the following:

Can I close that company with the active judgment?

Question:

I am the registered owner of a defunct company that has a judgment against it.  In the Commonwealth of Virginia, can I close that company with the active judgment?

Ethan Stone

Ethan Stone

Answer by Ethan Stone, Stone Business Law

First, a quick but important clarification: I’m not your lawyer and this answer doesn’t establish a lawyer-client relationship. I’m giving a generic answer to a generic question to educate the users of this site. The information below is general in nature and should not be understood as a substitute for personal legal advice.

Tenancy Agreement Myths Busted

by Ruby Claire of Agreements.org

A tenancy agreement is a contract which binds the landlord and tenant regarding the terms and conditions of rental space. It is a legal document which specifies the responsibilities of both the parties involved.

The tenancy agreement can also be oral. Most people are not aware of the legal requirements when they enter into a contract. The letting agents take advantage of this and hoodwink their clients, so that their business continues to grow. It is necessary to know what statements are true according to law and what statements are myths when you sign a tenancy agreement. Find out the six myths related to tenancy agreements in this infographic.

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