Legal Resources for startups
We have shared about pro and cons of various business types in India. In this episode of eLagaan Whiteboard Friday, the eLagaan team explains the what a founder needs to do once he/she has decided to go with Pvt. Ltd. Company(Private Limited Company) as the type of company for their business. The video talks about various document [...]
There are five types of startup advisors : 1. Domain expert, 2. Technology expert, 3. Personal coach, 4. Connector and 5. Celebrity.
So what does a founder need to do once he/she has decided to go with LLP (Limited Liability Partnership) as the type of company for their business?
So you just incorporated your company, what do you do next? Take a look at all that a founder has to do once the company is registered and you are ready for doing business.
What happens when one of the share holder is trying to sell their share, and the other share holders don’t want him to? What is a shareholder agreement?
IP creation for your startup is like being pregnant (IP creation) while being married to someone else (the employer). It raises ownership issues and other legal rights.
If you are a startup, what are the different ways of setting up the company. One way is to setup a Limited Liability Partnership (LLP). In this episode of eLagaan Whiteboard Friday, the eLagaan (http://elagaan.com ) team explains all about this new way of doing business.
The video shares an example of how you (founder of the startup) could be selling the company for $20M and still just get $500k in return or very minimum, based on how the term sheet is formed and constructed
Every agreement to invest in a company comes with a clause entitling the investor to a seat on the board of the Company. In many cases, along with the seat on the board of directors of the Company, the investor will also ask for the ability to appoint a “nominee” to the board.
“The Founders shall consent to and raise no objections to such sale if at the end of [X] years, no exit opportunity has been presented to the investor”
