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Startup Legal Checklist

Create a comprehensive legal checklist for properly setting up your startup.

💡 EntrepreneurshipintermediateFounder✓ Free

The Prompt

Build a complete legal checklist for launching [Startup Name] in [Industry]. Cover: 1) Entity formation — LLC vs C-Corp vs S-Corp comparison for startups, state of incorporation (Delaware vs home state), registered agent, EIN application. 2) Founder agreements — equity split framework, vesting schedule (standard 4-year with 1-year cliff), IP assignment, non-compete and non-solicitation terms, founder prenup (what happens if someone leaves). 3) Equity structure — authorized shares, common vs preferred, option pool size (typically 10-20%), 83(b) election timing and importance. 4) Intellectual property — provisional patent evaluation, trademark search and registration, trade secret policy, open source license compliance. 5) Employment law — employee vs contractor classification, offer letter templates, at-will employment, required postings and policies. 6) Privacy and data — privacy policy, terms of service, cookie policy, GDPR compliance if targeting EU, CCPA compliance, data processing agreements. 7) Fundraising documents — SAFE notes vs convertible notes vs priced rounds, accredited investor verification, securities law compliance. 8) Insurance — general liability, D&O, cyber liability, E&O — when each becomes necessary. 9) Ongoing compliance — annual filings, board meeting minutes, cap table maintenance, tax obligations.

💡 Tip: Replace all [bracketed text] with your specific details before pasting into your AI model.

AI Model Compatibility

ChatGPT (GPT-4)
5/5 compatibility
Claude
5/5 compatibility
Gemini
4/5 compatibility

Tags

legalstartup formationincorporationfounder agreements