OMG! My title rhymes! I can add “Poet” to my list of professions. Let me go and do that on LinkedIn right now. Or not. Anyway, so, you and your fellow founders are ready to start. You’ve got your Founders Agreement in place and you are ready to set up a corporation and begin your …
First Station to a Corporation? Articles of Association! Read More »
“Do you think about the things you do think about?” ~Clarence Darrow (during the Scopes Monkey Trial) I’m an accountant, not a content writer. To a large extent, my posts are written based on my knowledge and experience, and not on research. At the same time, even after 20 years in the field, I know I …
When I was growing up, one of my father’s favorite expressions, intended to teach me accountability, was “the buck stops here”. I think I heard about President Truman and his blasted sign at least a trillion times. In a company, the buck stops not with the CEO, but with the Board of Directors. The Board …
Where the Buck Stops: an Introduction to the Board of Directors Read More »
I’m working on a post on the Board of Directors and thought to set the stage with some useful vocabulary. Stakeholders As it relates to a company, a stakeholder is someone who has a stake, that is, an interest or a concern, in a company. Examples of common stakeholders include: investors, who put money in …
Some Useful Definitions–Stakeholders, Inside Directors and Outside (External) Directors Read More »
Let’s imagine that you are offered a fab new job in the US. Unlike in Israel, in the US, salary is quoted on an annual basis and not on a monthly basis. Now, that is an impressive number, right? See, I told you it was a fab job. So, you go into work on the …
Welcome to my first listicle! Everyone has told me that I must start writing posts in the form of lists. “People love lists”, they tell me. However, I’m not sure if these are actually THE top 10, and I’m an accountant and I do love me some accuracy in my assertions, so I’ve qualified the …
(Maybe) The Top 10 Founders Agreements Do’s and Don’ts Read More »
Every so often, my company grants options to employees. And, also, every so often, an employee with options leaves and has to decide whether or not to pay the exercise price and exercise their options. In both of those instances, I find myself explaining “how do options work”. The first time, it’s generally because the …
Every so often, you may be asked to provide a list of “Company Officers”. This might be as part of an investment transaction, for your annual audit or to establish or renew your D&O (Directors & Officers) insurance policy. So, now you are looking at your list of employees, asking what the person asking wants from …
Sample cap table including multiple equity rounds and calculation of as issued, as converted and as issued/fully diverted capital. Sample capital structure charts with explanations. Here as well, examples presented for as issued, as converted and as issued/fully diverted capital. Cap Table & Capital Structure
