Corporate Formation and Capital Raise

SITUATION
Founders of a restaurant technology start-up needed help preparing corporate formation documents, investor agreements, and employment contracts.

PROBLEM
The restaurant technology start-up was in advanced discussions with several big potential customers, investors, and employees.  It needed to move quickly to have all the right legal documents in place so it could enter into contracts, raise capital, and hire employees.

SOLUTION
Our corporate transactions team prepared articles of incorporation, bylaws, founders’ agreements, and various shareholder and board resolutions to get the company incorporated and ready to do business.  We also prepared SAFE notes to enable the company to raise seed capital from multiple national and international investors.  Our employment team prepared executive employee agreements, sales employee agreements, and a multi-state employee manual to enable the company to begin hiring employees all over the country.

BENEFITS
The start-up was able to scale quickly and begin earning revenue.  It raised nearly a million dollars in seed capital and now uses our firm as general counsel.

For more information, contact Alexander R. Safyan at 310-299-5500 or [email protected] .