Legal tips for launching a startup

01/30/2013 | BostInno (Boston)

It may seem natural to split equity evenly among the ownership team, but this isn't the best strategy, writes Aaron Lumnah, drawing on advice from Mick Bain of the law firm WilmerHale. One of the founders will be contributing more than the other ones, and this person should have decision-making authority. Among other legal tips: Structure your business as either an S-corporation, a C-corporation or a limited liability company, and incorporate in Delaware.

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BostInno (Boston)

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