Silicon Valley Legal Bible(34)Apostille Major changes in Sino-US document authentication
In our previous episode, we discussed the traditional three-level authentication process. As many of you likely noticed, the steps involved in three-level authentication are undeniably……
Silicon Valley Legal Bible(33)three-level certification/Legalization by the Consulate What are the steps for three-level certification
We often hear the concept of "three-level certification". Why is it called three-level? Because the documents need to go through three steps: 1) Secretary of State Certification at the state level……
Silicon Valley Legal Bible(32) Original What are the differences between original document certification in China and the United States?
In China, signing contracts revolves around the sacred status of the "original ." In venture capital, this creates logistical chaos:
10+ investors requiring wet-ink signatures
Couriers crisscrossing 12 cities ……
Silicon Valley Legal Bible(31)Notarization Why American Notaries Don't Verify Document Content?
Imagine this: A penniless individual writes "I am the world's richest person" on paper, signs it, and obtains flawless notarization from a U.S. notary. "Wouldn't this cause societal chaos……
Silicon Valley Legal Bible(21)Unicorn Decacorn and Hectocorn Soonicorn、Minicorn、Brokencorn
The term "Unicorn" refers to a privately held startup company valued at over $1 billion USD that has been in existence for less than 10 years. But did you know that beyond Unicorns……
Silicon Valley Legal Bible(30): Social Security Number(SSN) Employer Identification Number(EIN)
Registering a company in the U.S. often hits a major roadblock: the SSN. Without an SSN, even after incorporation, operating a U.S. business becomes nearly impossible……
Silicon Valley Legal Bible(27)the Seven Sisters of the US Stock Market
"The Magnificent Seven" is the hottest keyword in the stock market in the past one or two years. After the bleak stock market in 2022 set a historical record that has not been seen in a century……
Silicon Valley Legal Bible(28)A Legal Person? The Legal Representative? A Legal Representative?
Most people who read this paragraph may admire Dong Mingzhu's courage to act and take responsibility for consumers, but lawyers think it is really shocking and unbearable to listen to. Why……
Silicon Valley Legal Bible(29)Spousal Consent—Why Do Founders Need to Sign Spousal Consent When Entering Partnership Agreements?
Spousal Consent is one of the most headache-inducing documents in equity agreements for founders. Why do I have to drag my wife into signing paperwork……
Silicon Valley Legal Bible(25)Offshore Company
Over the past few decades, the rise of registrations in island jurisdictions like the Cayman Islands and British Virgin Islands (BVI) has made “Offshore Company” a household term……
Silicon Valley Legal Bible(26)KYC Know Your Customer
After incorporating companies, founders often face stringent KYC (Know Your Customer) procedures during bank account opening, requiring submission of highly sensitive documents……
Silicon Valley Legal Bible(24)Shareholder Registration and Public Disclosure
What? No Shareholder Registry in the US? Yes, if you've registered a company in the US, there's nowhere to check if you're listed as a shareholder……
Silicon Valley Legal Bible(23)Corporate Transparency Act
Many of you have likely received notices from your lawyers or accountants about a new U.S. law—the Corporate Transparency Act (CTA)—requiring companies to disclose beneficial……
Silicon Valley Legal Bible (22)Ten Years of Unicorn Documentation
In our previous episode, we introduced Unicorns and their extended family: Decacorns, Hectocorns, Soonicorns, and Minicorns. When the term “Unicorn” was first coined in 2013, there were only 39 such companies……
Silicon Valley Legal Bible(1) How are the shares of founders of U.S. companies calculated?
Many people who have been working on their startups for half a day still don't understand how shares are calculated in the U.S……
Silicon Valley Legal Bible(2)How is the percentage of employee options calculated?
Some viewers asked me what I had heard about Fully Diluted Shares, and what is this about? This Fully Diluted Shares is actually the calculation of Option Pools……
Silicon Valley Legal Bible(3)Why are there so many shares in startups?
Founders often see lawyers start their companies with 10,000,000 initial shares, and the question that arises is why do startups need so many shares……
Silicon Valley Legal Bible(4)How to Read Your Own Cap Table
All of these questions can be seen in the company's Cap Table, which has been with the founders since day one and has been updated throughout the company's life cycle……
Silicon Valley Legal Bible(5)IPO Pricing Methods How are shares priced
Traditional IPO pricing methods include the Fixed Price Method, Inquiry Pricing Method, and Book-Building Method……
Silicon Valley Legal Bible(6)Vesting Schedule (Maturity/Vesting Period) is not necessarily an Option
When it comes to Vesting Schedule (maturity/vesting period), many people will have a misunderstanding that as long as there is this word, said the employee options......