This course focuses on issues relating to the initial ownership, equity, and control of a start-up.
Structuring and Documenting Founders' Equity and Control in a Start-Up
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Upon completion of this course, participants will be able to:
- Advise clients on strategies for allocating equity among founders based on their contributions, including issuances of equity and restricted equity, vesting of restricted equity, option awards, and other compensation mechanisms.
- Assess the potential for disputes and disagreements among founders, and develop strategies for managing and resolving those disputes in a fair and efficient manner.
- Review and update a cap table to reflect equity grants, option awards, and SAFEs.
- Review and negotiate a founders’ stock purchase agreement
The AltaClaro Difference
Effective Learning with ROI--Backed by Education Science
Step 1: Learn
Learn at your own pace, absorbing lessons in short, easily digested segments led by experienced practitioners.
Step 2: Do
Apply what you've learned to solve real-world client scenarios, using transaction documents derived from actual deals.
Step 3: Review
Deepen your learning in virtual review sessions with an experienced practitioner. Review model answers and ask questions.
Class Content Overview
Level: Basic-Foundational
Participants will learn how ownership is allocated and documented among the founders, including concepts such as types of equity, contributions, valuation, and vesting. They will also explore how management and control are structured depending on entity type, and the mechanisms to ensure that the governance structure reflects the founders’ intent and protects against disputes. Other concepts covered in the course include Section 83(b) elections, 409A valuations, dilution, and cap tables.
Course Details
2 CLE Credits is available for each course.
Participants will be asked to review and propose revisions to a founders’ stock purchase agreement based on a set of facts relating to a hypothetical client’s goals and concerns. Participants will be asked to focus on a series of specific concerns and identify and explain for each: (1) the relevant provision(s); (2) any revisions, deletions, or additions the participant would make to the identified provisions; (3) any additional information needed to fully respond; and (4) any other conforming edits or additional documents needed to ensure the client is adequately protected.
Instructors Who Practice What They Teach
Our vetted instructors are global practitioners with outstanding professional and educational qualifications and demonstrated achievement in their fields. All have 10+ years Big Law experience.
In addition to their accomplishments as practitioners, our instructors are also passionate about teaching. We carefully interview instructor candidates to assess personality, domain expertise and effectiveness in the classroom. Our instructors must maintain a 4.5 out of 5 rating from students.
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