Why is forming a corporation in Delaware recommended for startups?
— Forming a corporation in Delaware is recommended for startups because it has clear and settled laws, making it the easiest and most investor-friendly option.
Why is equal equity allocation important for founder teams?
— Equal equity allocation is important for founder teams because it indicates trust and alignment among the founders and ensures the whole team's satisfaction and success.
What is vesting and why is it important for founders?
— Vesting is the process of getting full ownership of stock over a specific period of time, and it is important for founders to prevent unfair distribution of equity and incentivize them to stay committed to their startup.
What are the two ways to raise money for a company?
— The two ways to raise money for a company are with a set price or without, and different rounds of funding can occur.
Why is it important to use a payroll service for startups?
— It is important to use a payroll service for startups because not doing so can lead to costly and disastrous consequences, such as legal complications and unpaid wages.
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