Founding documents
Founding documents give a new Company its bylaws, initial consents, founder stock, vesting, invention assignments and tax elections.
Founding documents give a new Company its bylaws or operating agreement, initial consents, founder stock, vesting and invention assignments. Each founder’s tax election is tracked to its 30-day deadline.
Contract
| Clause | Terms |
|---|---|
| Starts | Company.incorporated. |
| Drafted from | Templates filled with facts the Startup already holds: founders, shares, vesting and the IP it built. |
| Signs | The board consent adopts the bylaws, appoints officers and authorizes founder stock (Governance). Each founder signs their own stock purchase and invention assignment (Securities). |
| Deadline | Each founder’s 83(b) election goes out within 30 days of the stock grant, counted daily. |
| While held | Not used until Company formation. |
| Records | The cap table and vesting schedules in Equity; the signed Documents in Corporate records. |
Verbs
Interfaces
Upstream
incorporations.legal, under an Agreement.
Example
Two founders of a podcast-editing service split 6,000,000 shares 60/40 on four-year vesting with a one-year cliff. Both sign their stock purchase and invention assignment in one sitting, and both 83(b) elections are mailed on day 3.