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IRS form

Did I Miss My 83(b) Election Window?  

Did I Miss My 83(b) Election Window?   What Early Founders Need to Know Before Giving Themselves Equity.   An 83(b) election can seem like a tiny administrative detail in the middle of building a company, perfecting your fundraising strategy and putting out fires.. But if you miss the 30-day window, that “small” filing can turn into a very expensive tax problem later.   The 30-day window doesn’t care […]

Did I Miss My 83(b) Election Window?   Read More »

co-founder agreement

What Should My Co-Founder Agreement Say Before We Raise Money? 

What Should My Co-Founder Agreement Say Before We Raise Money?  “We’ve been friends for years. We don’t need a formal agreement.” That mindset has contributed to more startup breakdowns than many founders expect. When a co-founder exits before the raise, or stops pulling their weight six months in, the question isn’t about the friendship. It’s about who owns what and

What Should My Co-Founder Agreement Say Before We Raise Money?  Read More »

anti-dilution clause

What Does the Anti-Dilution Clause in My Term Sheet Actually Do to Me? 

What Does the Anti-Dilution Clause in My Term Sheet Actually Do to Me?  You just got a term sheet. The valuation looks right. Then you notice the words “anti-dilution protection” in the preferred stock terms. You move past it.  That is something you should take a closer look at. That clause determines how much of your company

What Does the Anti-Dilution Clause in My Term Sheet Actually Do to Me?  Read More »

option pool shuffle

Option Pool Shuffle Explained: What Is My Founder Dilution Before the Round Even Closes? 

Option Pool Shuffle Explained: What Is My Founder Dilution Before the Round Even Closes?  The valuation looks right. The terms sound fair. But there is a mechanism buried in the pre-money math that can dilute you before the first dollar even arrives. It is called the option pool shuffle, and most founders do not realize it is happening until it

Option Pool Shuffle Explained: What Is My Founder Dilution Before the Round Even Closes?  Read More »

investor

What Do My Investor Information Rights Actually Require the Company to Send Me? 

What Do My Investor Information Rights Actually Require the Company to Send Me?  You invested six months agoYou have not received any updates. No financials, no update, no response to your emails. You are not sure whether the company is legally required to send you anything or whether the silence is a red flag.  Both

What Do My Investor Information Rights Actually Require the Company to Send Me?  Read More »

IPO

Can My Employees Sell Shares Before the IPO? What I Need to Know About Tender Offers. 

Can My Employees Sell Shares Before the IPO? What I Need to Know About Tender Offers.  Your employees have been waiting years for liquidity. The equity looks great on paper. But equity on paper does not provide immediate liquidity. Now the company is talking about a tender offer, and nobody is quite sure what it actually means or what they

Can My Employees Sell Shares Before the IPO? What I Need to Know About Tender Offers.  Read More »

startup

Does My Company Own My Code? Startup IP Assignment Explained. 

Does My Company Own My Code? Startup IP Assignment Explained.  You built the product. You wrote the code. But does your company actually own it? Most early-stage founders never stop to ask this question. By the time an investor’s attorney asks this during due diligence, the deal may already be at risk.  This is a legal question with a clear

Does My Company Own My Code? Startup IP Assignment Explained.  Read More »

startup

Does My US Startup Still Have to File a Beneficial Ownership Report in 2026? 

Does My US Startup Still Have to File a Beneficial Ownership Report in 2026?  I filed. I missed the deadline. I heard parts of the rule were challenged or delayed. Now I do not know what is actually required.  If that sounds familiar, you are not alone.  On March 26, 2025, FinCEN issued an interim final rule

Does My US Startup Still Have to File a Beneficial Ownership Report in 2026?  Read More »

startups

Is 100% Bonus Depreciation Back for My Startup in 2026? 

Is 100% Bonus Depreciation Back for My Startup in 2026?  My accountant just told me I left a six-figure deduction on the table. That is not a minor oversight.  If my startup bought equipment, hardware, or lab assets in 2025, this is a conversation worth having now.  On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law.

Is 100% Bonus Depreciation Back for My Startup in 2026?  Read More »

liquidation

Can I Negotiate My Liquidation Preference on a Term Sheet? 

Can I Negotiate My Liquidation Preference on a Term Sheet?  The valuation looks great. You’re excited. You almost miss the liquidation preference clause buried three pages in. That clause determines who actually gets paid when the company exits. Miss it, and a $50M acquisition could result in investors being paid in full while founders receive significantly less than expected. 

Can I Negotiate My Liquidation Preference on a Term Sheet?  Read More »

MFN clause

What Is My MFN Clause Actually Worth? 

What Is My MFN Clause Actually Worth?  You negotiated a most-favored-nation clause. You felt protected.  Then the company raised another round on better terms. Your MFN did not trigger, and you were not notified.  Most-favored-nation clauses in side letters and SAFEs give investors the right to adopt better terms offered to subsequent investors. The clause sounds strong. In practice, it

What Is My MFN Clause Actually Worth?  Read More »

investors veto

What Are Investors Actually Allowed to Veto in My Company? 

What Are Investors Actually Allowed to Veto in My Company?  You closed the round. The money is in.  But buried in your term sheet is a list of decisions you may no longer be able to make alone. Protective provisions give investors veto rights over specific company actions. Many founders sign them without fully understanding what they gave

What Are Investors Actually Allowed to Veto in My Company?  Read More »

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