Roll-Ups Are Brutal in the Documents

roll-up acquisition

A roll-up acquisition lives or dies in the documents. See 7 brutal clauses reps, earnouts, escrows, equity rollover that decide who really wins.

Equity for Services: 7 Costly Tax Traps to Avoid

equity for services

Paying with equity for services is the oldest trick in the startup playbook. Cash is tight, talent is expensive, and a slice of ownership feels free to hand out. It is not. The moment you trade stock for work, you create tax consequences, dilution, and a relationship that needs real paperwork, and skipping any of […]

Authorized and Outstanding Shares: 5 Costly Mistakes

authorized and outstanding shares

Few things trip up new founders faster than the difference between authorized and outstanding shares. The terms sound interchangeable, they show up on the same cap table, and getting them backwards can lead to bad math on ownership, dilution, and even your tax bill. They are not the same thing, and the gap between them […]