Startup Center
Welcome to SPZ’s Startup Center, a set of articles covering common business law questions for startups and founders. We hope you find it helpful. Please browse the site to learn more about us, and contact us to find out how we can assist your business. Happy reading!
Formation
Corporation or LLC? Why should I form in Delaware? What’s a Benefit Corporation? We help you navigate these and other questions at the initial stage of your company. If you are going to seek venture capital, we will set up your company using best practices so you can pass investor due diligence down the road.
Formation Basics
Entity Types
Social Enterprises
- Should I Form a For-profit, Nonprofit or Hybrid?
- What is the Difference Between a Benefit Corporation and “B Corp”?
- What is the Difference Between a Benefit Corporation and Social Purpose Corporation?
- Benefit Corporations: Should I Incorporate in Delaware or California?
- Benefit Corporations: Benefit Report Requirements
Funding
Pre-seed and seed fundraising can be a challenge, especially for first-time founders. What’s the difference between convertible notes and preferred stock? What’s a SAFE? Our attorneys have worked on hundreds of early-stage investments and can help you with structuring and negotiating your fundraise, from term sheet to closing.
Funding Basics
- Understanding Venture Capital and Angel Investments
- Pre-Seed and Seed Investment
- How to Prepare for Seed Investment
- Negotiating Side Letters in Pre-Seed and Seed Rounds
- What’s the Difference Between Debt & Equity?
- How Do I Raise Funds in Compliance with Federal Securities Laws?
- How Do I Raise Funds in Compliance with California Securities Laws?
- How Should I Structure My Startup if I Want to Raise VC Funding?
Investment Vehicles
- How Do I Raise From Friends and Family?
- Should I Raise Using SAFEs, Convertible Notes or Preferred Stock?
- SAFEs vs. Convertible Notes
- Key Terms to Know: SAFEs & Convertible Notes
- Terms When Negotiating Convertible Notes
- Raising Money From Accredited Investors
- Are Term Sheets Legally Binding?
- Should I Use Online Crowdfunding?
Hiring
From robust employment contracts to executive compensation structures and termination policies, we and our partner firms are committed to aligning your agreements with legal standards while empowering you to go above and beyond in fostering a supportive and incentivized workplace environment. Learn more about employment law.
Independent Contractors
IP Protection
For many startups, their intellectual property is one of the their most important assets. We help you protect your branding through trademark registration, and your information through confidentiality agreements with your employees, suppliers, and other partners.
Data Privacy
Data privacy laws are constantly changing around the world. If you collect, use and/or share data from individuals, you may be subject to one or more data privacy laws. From CCPA to GDPR and beyond, we help you stay compliant. We also help you with drafting privacy policies to communicate your data practices to your users and customers.
Data Privacy Basics
HIPAA
Commercial Agreements
Understanding commercial agreements is essential for legal protection and operational clarity in business. These contracts define terms with customers, vendors, and partners, managing risks and fostering trust. Effective negotiation and structuring of agreements streamline operations and support strategic goals, ensuring your interests are safeguarded and your business is poised for growth.
SaaS Agreements
- Why SaaS Providers Need More Than Just a SaaS Agreement
- Key Terms: Intellectual Property and Data
- Making Enterprise SaaS Agreements Sales-Friendly
- Entities vs. Users in Agreements
- Data Privacy Laws for SaaS Startups
- Startup 101: Mastering Sales Agreements and Contracts
- On-demand Webinar: Empower Your SaaS Negotiations
Social Enterprises
Nonprofits are subject to a special set of rules under the U.S. tax laws. We help our clients form their nonprofit entities, obtain tax-exempt status from the IRS and stay compliant.
Hybrid Structures
Nonprofits