Stark & Stark Associate Max L. Schatzow, member of the Securities Group, authored the article The Startup Life Cycle: Initial Incorporation and Capitalization, which was published in the New Jersey Law Journal on September 1, 2015.
The article explains and breaks down the process of creating a startup business, from beginning to end. This is the first article of a series that will detail the development, using a hypothetical startup biotech company located in Princeton, New Jersey. By using this fictional business, the article explains what will be required for other, real startups when filling out and completing their corporation forms, as well as selecting the directors and officers to run the company.
As Mr. Schatzow explains, “Not all startups are created equal. Some plan on offering services while others focus on products. Some start with concrete plans while others are created around ideas and are a bit more amorphous.” In his hypothetical, the startup biotech company, called BioTech, plans “to research and patent a prosthetic limb that is more life-like and more cost-effective than any other prosthetic produced previously.”
That being said, this hypothetical is not to be condoned as legal advice, and all references to business and individuals are coincidental. The next issue of the Startup Life Cycle will cover taxation and raising funds.
You can read the full article by clicking here.
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