Structuring and Documenting Founders' Equity and Control in a Start-Up

This course focuses on issues relating to the initial ownership, equity, and control of a start-up.

"AltaClaro's courses hit the right mark between being challenging and yet manageable for someone who is working while taking the program."

-Associate, GHP Abogados (Costa Rica)

Structuring and Documenting Founders' Equity and Control in a Start-Up

This course focuses on issues relating to the initial ownership, equity, and control of a start-up.

"AltaClaro's courses hit the right mark between being challenging and yet manageable for someone who is working while taking the program."

-Associate, GHP Abogados (Costa Rica)

Upon completion of this Master Class, participants are able to:

Training courses that are made for the transactional associate looking to increase their skill level

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
Review terms for a basic capital markets transaction
Assemble basic documentation
Interpret editing comments
Coordinate signature pages
Avoid common pitfalls in corporate drafting

Training courses that are made for the transactional associate looking to increase their skill level

Upon completion of this Master Class, participants are able to:

Recognize capital markets terminology and concepts
Demonstrate an understanding of how capital markets transactions are structured
Identify and ensure compliance with relevant securities laws
Review terms for a basic capital markets transaction
Assemble basic documentation

The AltaClaro Difference

Effective Learning with ROI--Backed by Education Science

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

What you will learn

Write in a clear and concise way
Blackline documents
Interpret editing comments
Coordinate signature pages
Avoid common pitfalls in corporate drafting

What you will get

2 CLE Credits is available for each course

Description

This class addresses the basics of corporate drafting, using a commercial contract as an example. The instructor will focus on technical skills and concepts such as the basic structure of a contract, the interplay of representations and warranties, covenants, and conditions, and drafting and negotiating boilerplate language.

Simulation Exercise

Participants will be asked to review and propose revisions to a contract based on a set of facts relating to our hypothetical client’s goals and concerns. During the live review session of the course, participants will review the model answer and receive feedback on the substance of the drafting as well as practical tips for clear and concise drafting.

What you will get

2 CLE Credits are available for each course

Simulation Exercise

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.

Sample Clip from Course

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Why Even Have a Contract as Opposed to an Oral Agreement?

Purpose of a Contract

To define the legal rights and obligations of the parties
To give effect to the parties’ wishes
To govern the intended relationship of the parties and to cover all contingencies

Instructors Who Practice What They Teach

Julie Ryan
Partner, Acceleron Law Group

Stephen Kaplitt
Kaplitt Legal

Michelle Appelqvist
Senior Counsel, Paragon Legal

John Babcock
Partner, Waldrep Wall

Mick Galvin
Sr. Attorney, Axiom

Clara Duffield
Partner, Duffield Law Group

Chris Drews

Clients and Partners that Trust Our Team

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Praise for Our Legal Instructors

“The instructor was great and had a lot of great insights to share.”

“Doug was very engaging, which was helpful and kept the review session moving.”

“John had deep subject matter insight. It was an excellent class.”

“Hellen did a fantastic job at meeting us at our experience level ...great war stories and practical tips.”

“I really enjoyed this live session. The instructor did a great job: he seemed both well-prepared and he was genuinely engaging.”

“Mick didn't just walk through the corrections but the thought process behind each change and how it would effect/protect the client.”

Frequently Asked Questions:

What are the best training programs for law firm associates?

The best training programs for law firm associates combine essential legal knowledge with practical skill development. AltaClaro offers comprehensive training solutions that encompass various topics crucial for associates' success, ensuring they are well-equipped for their roles in a fast-paced legal environment.

How can legal departments enhance training for summer interns?

To enhance training for summer interns, legal departments can implement structured programs that include mentorship, workshops, and hands-on projects. AltaClaro's training modules can serve as an excellent foundation, providing interns with practical skills they can apply during their internship and beyond.

What innovative legal training solutions are available for law firms?

For law firms looking to innovate their training approaches, AltaClaro offers a range of cutting-edge solutions. Our platform features custom training programs, on-demand resources, and analytics tools that empower firms to deliver relevant and effective legal training.

Are there experiential learning courses for law professionals?

Yes, we provide experiential learning courses tailored for law professionals. Our training platform emphasizes real-world scenarios that allow participants to apply their knowledge in a practical setting, making the learning experience both engaging and relevant.

What online training options improve practical skills for lawyers?

At AltaClaro, we offer a variety of online training options designed to enhance practical skills for lawyers. From our immersive practice-driven training modules to interactive courses focusing on key areas like negotiation and litigation, there's something for everyone looking to advance their career.