Out of the Bx

Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

What Is The Difference Between Creating A Delaware S Corporation And A Delaware C Corporation?

First Off: What is an S Corp? If you’re curious about why you would want to be an S corporation, it’s quite simple—less taxes! An S corp has pass through taxation similar to a Limited Liability Corporation (LLC). However, many companies find that an S corp is not right for them because 1) it does […]

Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

The Cap Table Tells the True Story of Who Controls the Company

What is a Cap Table? A cap table (“cap” is short for “capitalization”) is a list of who owns stock in your company, and how much stock.  It also includes people that don’t own stock yet, but will have a right to buy and own stock. For example, a cap table can show people who […]

Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

How to Think About Your Incorporation the RIGHT Way

At Shoobx, we meet a lot of founders on the verge of incorporating their first company. Some agonize over decisions, get stumped on questions, and are not sure where to turn for help. Most people only incorporate one or two companies in their lifetimes. However, registered agents, lawyers, and software companies like Shoobx see hundreds […]

Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

Pinning Down Your Legal Documents

A Ridiculous Story for You Let’s say that you are a person. You are a person who wants a custom-made suit for a special board meeting. You go to the tailor and you work with him to pick out the material, and you talk about the vision for what it will look like and the […]

Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

Ready to Fly: Going from LLC to Delaware C Corp

Many Limited Liability Companies (LLCs) will realize that they’d like to convert their business structure to a C Corporation because they want venture investment. When they ask their lawyer to do the conversion, founders often don’t really understand what this will mean in terms of cost and time, or know what the actual documents look […]

Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

Goodbye Old-Fashioned Due Diligence—Hello Friday Nights!

Imagine you’re an associate at a law firm. It’s 7pm on a Friday and you’re considering maybe leaving and enjoying the evening. Then you get an email from the partner—your boss—telling you that there’s a startup deal happening. A VC wants to give this startup $2 million. But they’ll only write the check if you […]

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Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

How the Press Finds out About Your Financing Before Your Mom

After the long hard slog of starting a company, building a team, and begging for investment, a prominent VC has finally invested in your Series A. Congrats on your financing! However, while you’re popping champagne after the deal closes, your lawyer is filing documents with the SEC on your behalf, and the press is reading […]

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Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

10 Go-To Sources for Startup News

In this blog post, I’ve compiled sources where people get their news. What sort of people? People who work at startups, and work with their lawyers to make startup decisions. People who are lawyers at law firms working with their startup clients. People who are founders and employees at startups, or lawyers representing startups. These […]

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Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

3 Questions about Equity Alphabet Soup—Answered

There are lots and lots of articles and blog posts out there that try to make sense of the alphabet soup you’ll encounter when you grant equity—ISO, NQO, RSA. If you are ready to dive in and slurp it up, we’ve compiled a short list of some of these resources. We’re adding to the pot […]

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Kathy Nolan, Client Services Manager and a Corporate Attorney for Shoobx, Inc.

Get That Money: Managing Bridge Note Closings

It’s finally happened—some investors verbally committed to giving you money. Now all you have to do is settle on your terms and create bridge note documents, right? Wrong. One huge consideration that most people ignore is how to manage the funding process. Are you going to have all of your investors in one initial closing? […]