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A lot of startup founders know they have to grant founder shares and raise money, but they’re not sure in what order and with which documents they should do these things.  When they ask “Should I set up a stock incentive plan before or after I grant my first employee shares?” or “Do I need to set up a bank account now or later?” they often get vague answers like, “it depends on your company’s unique circumstances.”

It’s frustrating to hear that, but it’s true. So, while I cannot tell you what your company should do, this timeline is the pattern we see a lot of companies follow. Only your lawyer can tell you for certain if this is the right timeline for your company.

Disclaimer: This is a general overview, and not definitive by any means. The path each company takes can vary. Shoox is super awesome and does a lot of these things. To learn more about the parts we can do for you, visit the Shoobx website.

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Author: Kathy NolanClient Services Manager and Corporate Attorney for Shoobx, Inc.

Illustrator: Jason Grover, Designer for Shoobx, Inc.

 Tags: Traction Insights

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The content and opinions expressed in these posts do not necessarily reflect the views of Shoobx. The content and opinions of Guest Contributors in no way reflect those of Shoobx, nor do they constitute an endorsement of our Guest or of any companies with which they may be affiliated. Blog posts are not legal advice and must not be construed as such. Readers are encouraged to seek professional counsel to address questions specific to their situation.