Startup legal mechanics
Video from Y Combinator. Watch on YouTube or in the YC Library.
What you'll get
Carolynn Levy, Jon Levy and Jason Kwon of Y Combinator on forming a company you mean to raise venture money for: a Delaware corporation, founder stock with vesting, the 83(b) election, and making sure the company owns what its founders build. They argue for forming sooner rather than later and against starting as an LLC to convert later, a view for venture-bound founders rather than every company.
Do this week
If you have cofounders, list what each of you has made so far, such as code, designs and domains, and agree on vesting before you form, so all of it goes into the company when you do.