Five-minute general counsel: incorporate a tech startup

By Rick Colosimo / October 12, 2009 / Comments Off on Five-minute general counsel: incorporate a tech startup

Another LinkedIn user asked about how to structure a startup that would be a typical VC-funded software company. Here’s my edited answer: As someone who’s represented dozens of startups, closed probably 100 venture deals, and cleaned up too many small companies to count, there is in fact a right way and wrong way to do…

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Five-minute general counsel: Can you incorporate me?

By Rick Colosimo / October 9, 2009 / Comments Off on Five-minute general counsel: Can you incorporate me?

Here’s another common question I get: I’m onto a new startup idea.  How much would you charge to incorporate?  Do you have any advice as to where to incorporate? Here’s my usual answer: I’ve done this sort of work for companies under firm quotes of $2000 + state filing fees for a full incorporation package,…

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Five-minute lawyer: How to form a nonprofit

By Rick Colosimo / October 9, 2009 / Comments Off on Five-minute lawyer: How to form a nonprofit

I regularly find people asking this question: How do I form a nonprofit? What most people mean and want is a charitable organization that satisfies the requirements of IRC 501(c)(3), which gives donors assurance that their donations will be tax-deductible. To set up a charitable organization, you generally run through the following steps: 1. Determine…

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