Startups tend to focus on the product and forget that tidy legal foundations make funding and partnerships easier. The checklist below helps new founders avoid missing the basics.
Key Points
- The business entity, the business identification number, and the company tax ID.
- A founders' agreement: share split, vesting, and decision-making.
- The first employee contracts and the intellectual property clause.
- Terms of service and a privacy policy for the digital product.
Handling these four items early is usually far cheaper than tidying them up once an investor asks for due diligence.
Note: this article is dummy demo content and is not legal advice.
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