I have launched several tech startups (one acquired by Yahoo) with a senior partner now at Goodwin Proctor. They did all my docs for my current venture. A couple thoughts:<p>1) Goodwin proctor is super respected and they're not going to put together some shitty docs. I've <i>used</i> shitty docs and it's a nightmare.
2) As a previous poster said, these won't answer the whys, just the hows. That said, if you plan on creating a venture- or angel-backed company, you're going to want a Delaware C-Corp.
3) Damn, I wish these had been released three months ago. I love my atty, but I'd still rather not pay him for ginning up docs. This is MUCH better.
Just as a word of warning: these documents are for starting a Delaware company. Don't rely on them if that's not what you're after.<p>Also these forms deal with low level technical questions but not the real questions a lawyer should be able to help you with: when and why should you incorporate? What is the real deal between you and your co-founders? How is that deal expressed? What are the traps to be wary of?<p>Using legal documents you don't understand the implications of could lead to to the legal equivalent of software put together by a non-programmer based on google searches of examples of VB code.<p>(IANAUSL - I am not a US lawyer :)
It seems that if someone would make something like this work with a few more states then Delaware. They could charge a small amount to use this app. Seems very useful.
that's so risky... laymen cannot draft those types of documents, no
matter how sophisticated a computer program... At least not in most
cases...<p>I still like the idea though, free legal forms
If I incorporate S-Corp for the tax benefit, is it problematic to raise capital later? I've seen that VCs prefer Delaware (which this all seems to be), but I haven't seen anything in particular where they prefer C or S-Corp.