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Founders, Finders and Financings: Beware the Unregistered Broker-Dealer

Raising money is hard. Many founders think that it’ll be easy, and that a dozen investors will be lining up outside the room after…

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Know Your Worth: Startup Valuations (Part 1)

The most basic question any founder[1] must answer when raising money is: how much is my company worth? Here we are only looking…

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What is A Dual-Class Stock Structure and Do I Want It?

What is a Dual-Class Stock Structure? A dual-class stock structure basically means that a company has given disproportionate voting rights to one group of…

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Delaware Franchise Tax: Don’t Panic!

What is Franchise Tax? A franchise tax is a government tax charged by states to businesses organized in that state. A state charges companies…

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Qualified Small Business Stock

We regularly receive questions from clients about qualified small business (“QSB”) stock.  Some of our startup or early-stage clients encounter QSB stock in the…

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