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House Passes Crowdfunding Bill: FAQ’s for Entrepreneurs

Scott Edward Walker

Presumably, each stockholder will be required to execute a subscription agreement and/or stockholders’ agreement to address key issues such as transfer restrictions, rights of first refusal, drag-along rights, etc. Second, having hundreds of stockholders is an administrative nightmare and will be time-consuming and costly.

SEC 111
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A Startup Knows It Needs a Lawyer When:

ithacaVC

Cost is the overriding issue for startups when it comes to properly engaging a lawyer. My general retort on this point is this: expect to incur real lawyer costs and get over it. This is a follow on to my June 13, 2011 post about controlling your lawyer and was inspired by a comment to that earlier post.