QUESTION:
One of our founders asked the question, “We’re starting our search for a law firm. Do you have anyone you’d recommend? We’re looking for someone with investor contacts in our industry and someone with whom we can defer payment.”
ANSWER:
Naomi Kokubo
by Naomi Kokubo cofounder of Founders Space
QUESTION:
I’m a first-time Silicon Valley entrepreneur. Can you recommend a good place to go to find online legal documents for setting up my company?
ANSWER:
Naomi Kokubo
by Naomi Kokubo, Cofounder of Founders Space
Orrick’s startup toolkit helps with company formation and is a good place to start. It doesn’t replace having a good attorney, but it should give you an idea of what’s involved in setting up typical Silicon Valley startup.
QUESTION:
One of our founders asked, “During a negotiation, when I said I do not want to be responsible for any liability that I’m not aware of, I was told by a lawyer from the other side of the table that I cannot contract out of corporate law and I must bear the burden no matter what. But don’t companies often sign indemnification agreements with their officers and directors, promising to protect them from any liabilities?”
ANSWER:
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