Ms. Chase’s Post

What are company resolutions? ➡ Resolutions are passed in order to decide matters in the company. However, in any company, it is rare that all the members consent to the resolution. Therefore, as a general rule, the assent of a majority of members is effective in making a decision that binds all members, whether or not they took part in the decision-making. ➡ There are ordinary and special resolutions. An ordinary resolution requires 50% of votes, whereas special resolutions require 75% of votes. There is legislation that governs what matters are decided by ordinary or special resolutions. For instance, matters like changing articles of association, dissolving the company, going from private to public, and approving substantial property are to be done by special resolutions. I am a founder with a legal background. I think all founders should have a basic understanding of business law to avoid expensive mistakes. Luckily we have summarised all core aspects of company law for you. Check it out here! https://lnkd.in/dTKzKgcU  Follow me to learn about startups! 🔔 #CompanyLaw #CorporateGovernance #BusinessDecisions #OrdinaryResolution #SpecialResolution #StartupAdvice #LegalCompliance

How law firms foster innovation: MT>Ventures, a Division of McCarthy Tétrault’ unique contribution to a rapidly evolving ecosystem. 'Our view is that law firms should do more to support startups than providing tailored legal advice'. https://hubs.la/Q02wJSpN0

Are you prepared to innovate within the bounds of the law? 🚀 The digital entrepreneurship landscape is teeming with innovative ideas that challenge the status quo, pushing the boundaries of what's possible. Yet, one question remains at the forefront: How does legal compliance coexist with groundbreaking innovation? This conundrum sits at the heart of many startup endeavors. Consider this: innovation isn't just about creating new solutions or disrupting markets—it's also about navigating through regulatory frameworks without stifling creativity. It's a delicate balance between pioneering and adhering to the laws designed to protect us all. The key? Understanding that legal compliance isn't a barrier but a foundation upon which sustainable businesses can thrive. So, here's an invitation to explore this vital aspect further. Engage in conversations that challenge your perceptions of law and innovation. Share your thoughts on how startups can better prepare for legal challenges they might face on their journey. After all, being ready for the law ensures that your big idea doesn't just remain an idea but evolves into a viable, sustainable business that stands the test of time and legality. Let’s navigate these waters together—because when it comes to innovation, knowledge is power! ⚖️💡

Why Startups Choose Delaware for Incorporation: Many startups choose to incorporate in Delaware due to its well-established legal framework, which is particularly favorable to businesses. Delaware's Court of Chancery is a key advantage; this court has over 200 years of legal precedents, and its judges are experts in corporate law, which can provide more predictable legal outcomes for businesses. This court exclusively handles business disputes without juries, leading to quicker resolutions than the traditional court systems. Additionally, Delaware's corporate laws are some of the most flexible in the United States. They provide significant protections to company management from shareholder lawsuits, which can be especially attractive to startups planning to go public or seeking venture capital investments. These laws also allow corporations to structure their governance and operations with greater freedom than many other states. For instance, stockholders don't need to be physically present to vote in meetings; they can do so via electronic or telephonic means. The state also offers privacy benefits; for example, Delaware does not require companies to publicly disclose officer or director names on formation documents. Combined with a favorable tax regime—no state corporate income tax for corporations that operate outside of Delaware—these factors make Delaware a highly attractive location for startup incorporation. #DelawareIncorporation #StartupTips #BusinessLaw #CorporateGovernance #Entrepreneurship

Strategic Legal Advice for a Tech Startup in Delaware!! I’m excited to share the successful completion of a recent project where I provided comprehensive legal advice to a client launching a tech startup in Delaware. The client faced the crucial decision of choosing the right business structure for their startup. After a thorough analysis, I recommended forming a C-Corp due to its significant advantages in scalability and investment potential. This structure is particularly beneficial for tech startups planning to attract investors and grow rapidly. Benefits of a C-Corp in Delaware: Scalability: A C-Corp can issue unlimited stock, making it easier to raise capital and attract investors. Investor Appeal: Venture capitalists and institutional investors often prefer C-Corps due to their straightforward ownership structure. Separate Taxation: Although subject to double taxation, a C-Corp offers more opportunities for tax deductions and benefits. Why Delaware? Business-Friendly Laws: Delaware's legal framework is highly favorable for businesses, offering flexible corporate laws and a well-established body of case law. Court of Chancery: Delaware's specialized court handles corporate disputes efficiently, providing businesses with legal clarity and predictability. Confidentiality: Delaware allows for greater privacy, as the names of directors and officers are not required to be listed in public records. I provided the client with detailed guidance on these aspects, ensuring they are well-equipped to make an informed decision. I look forward to seeing the positive impact of this advice on their business journey. #LegalAdvice #StartupSuccess #TechStartup #BusinessFormation #Delaware #Entrepreneurship Ramanuj Mukherjee Abhyuday Agarwal Komal Shah Rajnandini Choudhary Amruta Kulkarni S M Mudassar N. LawSikho Rashmi Natekarm Nishant Kishore

I didn’t want to start a “normal” law firm. “Normal” means: → Hardly seeing family → Working endless hours → Fighting for the sake of fighting Yes, we work hard and fight to win, but here’s the difference: We don’t get so caught up in the work or the fight that we lose sight of the RELATIONSHIPS with our families and clients. It’s possible to break the model in your industry and do something different. Stake is doing it. And so far it’s worked out really well. If you want “different” and you’re trying to get a law firm off the ground, I’d be happy to help you think through how to make it happen (shoot me a DM). -------------------------------------- ⚡️ I help startups build out, defend, and enforce global patent portfolios. Follow for more #innovation, #technology, #entrepreneur, and #lawyer stories & tips!

What are the articles of association in a company? ➡ Articles of association are like the constitution of the company. They are the set of rules that the company adopts to define its duties and responsibilities. Shareholders can make a separate private contract to supplement the articles of association. ➡ The articles of association define directors' powers and responsibilities, their decision-making processes, how directors are appointed or dismissed, how shares are distributed, how share transfers work, and how dividends and the capitalization of profits are handled. ⏩ In simple terms, startups should get adequate legal advice instead of simply adopting model articles of association. Vesting arrangements, procedures for appointing and dismissing directors, and how potential exit events would be handled should be covered in the articles of association. Bear in mind that there are very few lawyers who understand how startups work and can handle your legal matters in a way that benefits your startup. That is why it is crucial for you to have a basic understanding of company law to be in charge instead of blindly relying on a lawyer. Luckily we have summarised all core aspects of company law for you. Check it out here! 😎 https://lnkd.in/dTKzKgcU Follow me to learn about startups! 🔔 I am the founder of an EdTech AI startup, building an AI-powered higher education and career- building tool. #CompanyLaw #ArticlesOfAssociation #StartupAdvice #LegalAdvice #CorporateGovernance #FounderTips #BusinessLaw #VestingSchedule

An interesting takeaway from a recent workshop: big law firms don’t buy from startups based on their product. They buy based on the founders. The product may look good. It may demo well. But the reality is most startups are not remotely ready to serve big firms. Both from an infrastructure and a capabilities perspective. So the important question is not, what is the product today. It's where will the product be in 12 and 24 months. The logical conclusion is that firms need to employ people who are great at evaluating which founders will be able to build great products. Not an easy task. The strongest indicators for which companies will perform? Founders' vision, commitment, and ability to attract top tier talent. Law firms' ability to tease these out in their sales process - and therefore, to pick the right horses - will be a strong competitive advantage going forward. -- Credit to Conan Hines for the inspiration here!

Startups face a myriad of legal challenges. A small mistake can jeopardize success. Legal pitfalls lurk at every stage of growth, and skipping the details can lead to lawsuits, fines, or even the collapse of your venture. Startups are often vulnerable to legal risks, from unprotected intellectual property to misclassified workers. Overlooking these essentials can leave your business exposed, putting all your hard work at risk. Without a solid legal foundation, your startup may face issues that drain resources, damage reputation, or halt operations altogether. Operating without formal structures, proper licenses, or employment compliance can lead to fines, personal liability, and costly mistakes. A legally protected startup isn’t just safe; it’s set for success. With a clear IP strategy, formal business structure, proper employment agreements, and essential licenses, your startup can focus on growth with peace of mind. A legal foundation built from day one ensures you’re prepared for both challenges and opportunities. At Solutions4Startups, we specialise in protecting startups from common pitfalls. Our tailored services include: • 𝐈𝐏 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 - to secure your innovations. • 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐢𝐧𝐠 - to shield personal assets and boost credibility. •𝐄𝐦𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 - to avoid costly penalties. Licensing and •𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 - to keep your operations lawful. Get your startup on the path to sustainable growth with Solutions4Startups – because every great venture deserves a solid legal foundation. #StartupSuccess #LegalProtection #Solutions4Startups #IntellectualProperty #BusinessStructure #EmploymentLaw #StartupLegal #GrowthWithConfidence #ProtectYourStartup

Innovate Pasadena #FridayCoffeeMeetup with Stepan Khzrtian - From Law to Tech: A Journey of Entrepreneurial Transformation What does it take to quit a comfortable career in professional services and plunge headlong into the extreme uncertainty that is "startup"? An idea that has been keeping you up at night, the urge to tackle it, and the confidence that you can solve it. In this talk, Stepan will take participants on a journey spanning years and bridging careers, while also highlighting some of the most common legal mistakes that newly minted entrepreneurs make in the first 100 days of starting – and how to prevent or cure them. Bio Stepan Khzrtian is the co-founder and CEO of Corpora.us, which helps equity recipients file, track, and store their 83(b) election online. Prior to Corpora, he practiced corporate law for over a decade, helping hundreds of entrepreneurs navigate their legal journey