FAQ

Entity

• Can I use my home address for my current company address?
• Choosing your entity type: C-Corp vs. LLC vs. S-Corp
  Learn about different entity types to decide what type of entity you should form.
• Converting an LLC to a C-Corp: Things to Consider
  Have questions about converting your LLC to a C-Corp, we've got you covered!
• How do I change the address of my company?
  The steps you'll need to take to change your company's address.
• How do I change the name of my entity?
  Changing the name of your entity requires you to take action in the states.
• How do I check if my company name is available?
• How do I check if my company name is available?
  Checking the availability of your potential company name is quick and simple.
• How do I dissolve, wind down, or liquidate my company?
  An introduction into some of the processes for ending your company.
• How do I know when I need to file an annual report?
  An overview into the annual report filing schedules.
• What is a Foreign Entity Qualification?
  Register your company in each state that you have employees or a physical presence. This is sometimes called an Application for Authority.
• What is a registered agent?
  Who they are and what they do.
• Who can act as my registered agent for a state filing?
  The registered agent for a given state should have a physical address within that state.
• Who can act as my registered agent for a state filing?
• Why is there a fee to file the annual report when I have a subscription?

Equity

• Form D Federal Exemptions and Exclusions
  When filing a Form D, you will be asked which federal exemptions and exclusions you'll want to claim. Here is a list of the available federal exemptions and when they apply.
• Form D and Blue Sky Filings
  Learn about Blue Sky Filings, how to complete Form ID to obtain EDGAR codes, and how PaperOS can assist you with Form D filings.
• How do I calculate "total outstanding shares"?
• How do I calculate "total outstanding shares"?
  These shares help form the basis for any essential financial calculations you may need.
• How do I calculate fully-diluted shares?
• How do I determine the fair market value/exercise price for equity/options I need to issue? When do I need to do a 409A Valuation?
  Who determines the fair market value and how does that play into the 409A Valuation process?
• How do I issue more equity if we increase shares of our company?
  How to issue equity shares with our Workflow
• How do vesting schedules and cliffs work?
  How standard vesting schedules and one-year cliffs are structured.
• ISOs vs NSOs: Which option type should I grant?
  The practical differences between incentive stock options (ISOs) and non-qualified stock options (NSOs).
• Should I issue stock options or stock shares to an employee?
  Overview of the options for granting equity incentives for employees.
• What is a 409A valuation and when do I need one?
  When startups need a 409A valuation and how often to refresh it.
• What is the difference between a pre- and post-money SAFE?
  The differences between these SAFE's and which one may help you.

Financing

• How do I start a SAFE or convertible note financing?
• What is the difference between a convertible note and a SAFE?
  An outline of the differences of raising investment capital.

Fundraising

• 506(b) vs 506(c): which exemption works best for your raise?
  The practical trade-off between Rule 506(b) and 506(c) offerings.
• Who can invest in my company?
  Who can invest in my company?

Governance

• How do I appoint a new director?
  The different scenarios for appointing directors.
• How should I organize my board of directors?
• How should I organize my board of directors?
  An overview into what to consider for board organization.
• Organizational Board Consent Document
  An overview into the Organizational Board Consent Document.
• Who should I specify as company secretary?

Intellectual Property

• What should you think about before assigning IP or assets from one entity to another?
  There are several legal and tax implications that may get triggered when you assign IP or assets.

Team

• Can I enforce a non-compete agreement with an independent contractor?
  When you can enforce a non-compete and when you may need to.
• Can I enforce a non-compete agreement with an independent contractor?
• What do I need to hire a contractor?
  An overview into the documents and the workflow you'll need to hire a contractor.
• What is an independent contractor?
  Who can act as your independent contractor and what they do.