Preparing Cap Table, Founders Agreement and ESOP
Stage 1. Dev Lab Company Setup
Why do we need it? What will it allow us to do?
What will happen if we dont it? What are risks / liabilities?
You will need these legal works to define the amounts of shares for each founder, setup directorship and incorporate incentive scheme for the team.
This will help you to:
Without it you would not be able to:
• Establish straightforward employments relations with your core team
• Have an operational fiat bank
account
• Distribute your risks within several buckets (e.g., due to the regulatory risks it is the
best practice to insert the IP in the company other than DAO Company or Product & Token Distribution
Company)
• Define shareholding structure and classes of shares;
• Avoid the founders conflicts in the future;
•
Incentivize your team members
When do I need it? When is the best time to do it?
When you start the process of company registration for your Dev Lab
How should we do it? Are there any best practice?
It's recommended to think about 10-15% ESOP, decision-making process and "Good/Bad Leavers" clauses should be reflected in the Founders Agreement and Stock Option Agreements should be signed with the team members.
What should be kept in mind during this stage?
Current and future allocations of shares, equity dilution and company governance (deadlock resolutions, the rist of founders' leave, etc.)
What should be kept in mind during this stage?
Сosts: from USD 3000; time: from 2 to 3 weeks
Preparing document package for hiring
Choosing IP/IT friendly country and DevCo registration
Please, pay attention that all information on this page regarding the cost and time estimates is for the informational purposes only.
Legal Nodes does NOT provide legal services. Instead, we will match you with the best-suited provider for your case and assign you a Virtual Legal Officer that will handle all legal communication with said provider, as well as any other law-related tasks for your business.
Prices for add-ons are indicative only. Final prices vary and are set by service providers from the Legal Nodes Network.
Get ready for launch
Before choosing the best plan for you, start with a trial and get 2 legal strategy sessions to build
Register on Legal Nodes Platform to start onboarding - OR - Clarify remaining questions by booking a consultation
For any help, contact help@legalnodes.com
