Tagged Questions
1
vote
2answers
110 views
Minimum Cost of Par Value for 10 million Common Shares (Delaware)
It is my understanding that many tech startups form their C Corp in Delaware and issue 10 million common shares for various reasons.
My question has to do with Par Value per share. Most startups ...
3
votes
1answer
161 views
How to structure even number of board of directors?
We are in the process of setting up a board structure for our startup. Everybody on the board will have their own veto rights on important matters, such as capital injection, spending limits, getting ...
1
vote
1answer
59 views
Tricky Stock Creation Scenario
My partners and I own a couple business'. They are both LLC's. We want to start a third as a shell corporation which will own the other two by way of shares not the LLC partner names on everything ...
0
votes
1answer
188 views
Where to put vesting schedule for founders?
For a new corporation, should the vesting schedule and related conditions be written in the Articles of Incorporation, Shareholders Agreement or as a separate document?
Thanks for any advice.
1
vote
2answers
133 views
Need approval to sell shares in limited company?
If I and an investor own 50% of the outstanding shares in a limited company each, can I transfer some of my shares to another entity without the investor's (or any other shareholders') approval? For ...
5
votes
1answer
103 views
How old does one legally have to be to start/own a share in a company in the US?
I am 18 but my co-founder is 17. (In other words, I am able to sign a binding contract, he is not.) We are getting ready to incorporate our startup — but is my co-founder old enough to start, and own ...
2
votes
2answers
292 views
Proper way to get share in US company for non-US citizen
I was working for quite a time with US company which is S Corporation.
Now we are planning to continue as partners and I should get 10% of the company.
As far as I understand I cant be a shareholder ...
4
votes
3answers
235 views
Can I keep my S Corp open when the president wants to leave?
So I have a small S-Corp incorporated in New York State. The company really hasn't made any money, and is currently only used to hold a piece of IP. Both the President and I (the Vice President) own ...
1
vote
1answer
300 views
tax implications of not assigning ip early enough to a startup from founder
I'm the sole founder of a startup and I've incorporated a delaware c-corp, but have not yet issued any shares. I'm putting all that legal stuff off so I can focus on product development. Plan is to ...
3
votes
2answers
155 views
Made an error on incorporation, what do I need to do to ammend it?
We (me and my partner) recently incorporated as a Limited By Shares company (Ltd). Stupidly, when filling out the forms we put down 1m shares with nominal value at £1 thinking these were just ...
2
votes
3answers
1k views
Co-founders unequal shares but how about initial capital injection?
Currently I'm working on a project together with 1 co-founder and soon we are going to incorporate a company. We agreed that I get 70% shares and he gets 30% . The reason is because I started the ...
2
votes
1answer
322 views
C Corporation single shareholder / highly-compensated employee limitations?
If I'm a single shareholder/owner and employee of a C Corporation, am I limited from taking any deductions due to being a highly-compensated employee (due to share ownership)?
