Are you a startup founder wondering what type of business entity to create? Or maybe you have a question about the best structure to raise seed capital.
The answers to these and many other questions can be found in a digital hub launched yesterday by the Emerging Companies Practice of the Palo Alto-based law firm Wilson Sonsini.
Designed to provide founders, entrepreneurs and venture capitalists with access to a range of free legal resources and insights, the hub centers around a knowledge bank where the firm’s attorneys provide answers to more than 200 common questions.
Categories covered in the knowledge bank span formation, financing, IP protection, tax, governance, exits, employment, compensation and more. It also includes a section targeting startups seeking to expand into the United States.
“Helping entrepreneurs thrive is at the heart of everything we do at Wilson Sonsini,” Raj S. Judge, who co-leads the Emerging Companies Practice with Craig E. Sherman, said in a statement announcing the launch.
“Whether it’s leveraging proprietary technology for efficiency in our practice, providing free resources like those found in our Knowledge Bank, or widening access to the global network of banks and VCs we’ve built over the past six decades, Wilson Sonsini aims to arm early-stage start-ups with the very best counsel so that they succeed and win.”
Wilson Sonsini is also the firm that, in 2019, launched a technology subsidiary, SixFifty, that I have written about numerous times for its releases of products designed to help businesses and individuals automate the development of policies and procedures for specific legal issues.
Most recently, SixFifty automated the creation of every employment policy developed by Wilson Sonsini.
As for that business entity question, the hub says most startups choose to form Delaware C corporations.