Your team, your creativity and your hard work create the value. These legal documents won’t make your tech startup valuable; these legal documents will ensure that your team’s hard work doesn’t go to waste.
1. Corporate Charter
This is generally the first document in the life of a corporation, detailing the major components of a company such as its objectives, its structure and its planned operations. If the charter is approved by the state government, the company becomes the legal corporation that will hold the IP your team is developing. There’s nothing cool about this document, except that you authorize the amount of your corporation’s shares and set par value.