Delaware C-Corp I usually Delaware is the best choice for any startup looking for fundraising with a US focus. However, if you are a remote and global team, an overseas or foreign corporation or US tax purposes might make sense. You'd have to talk to an advisor who can dive into your situatio...
If it's just two of you then you need not worry about creating a shareholding agreement. The partnership deed is sufficient enough to cover it in a simplistic way i.e. 50:50 or whatever ratio you two chose. However, if there're going to be numerous co-founders with split of roles and responsibil...
The answer will depend on various factors, including the structure of the company, your position/title/duties, your shares, remuneration you are receiving (salary by T-4, contractor (no T-4), dividends, etc.), does the company employee Canadians or permanent residents, profitability of the compan...
What I'm going to offer something that is a bit tricky and you need to use it with a lot of caution. It will also require some development. One of the ways of growing fast and get additional users is by having current/ new subscribers to send their contact list a notification that they have joine...
Hi there, Raad here from LawTrades (on-demand legal service for startups). If you're looking for a fast and affordable way to get those drafted by experienced legal professionals, then have a look at http://www.lawtrades.com. It's free to request price quotes and you're in no obligation to hire...
I'd recommend first reading Aaron Ross' - Predictable Revenue before choosing your CRM system. Flexible and complete solutions I'd recommend Nutshell Hubspot CRM + Sidekick Feel free to contact me for a quick chat about it. Thanks David
1- The reason for the first payment fees must be explained! 2- The reason for the royalty! 3- Does the company have a well-studied financial strategic plan? 4- What are the advantages of the customer! 5- The value of the services! Honestly, the best solution to avoid any financial dispute is to c...
Are you generating 50k a month now or is it a total of 50k over 5 months? Depending on your investor they will value your business in one of two ways. How long are your contracts guaranteed? How do you intend to use the money? I have never worried about dilution in a business as its more importa...
Here are my thoughts: "Offering stock options to the first 5". We tested this and it turns out this isn't viable. Not only will you administrative overhead managing your cap table, you're going to turn off investors that may not like the structure. My advice is: keep it simple. 1. Define your...
Two key issues in your question: (1) when you say "majority are making millions" you're not seeing the hundreds of startups that failed in the same space... (2) if it's such a great idea, you should have traction. CHALLENGE: Adding photos to menus is tricky... Good pics are very expensive, an...