Promise Legal Staff

Promise Legal Staff

Alex is a tech nerd trapped in an attorney’s body. Get in touch at txhq.org/blogcard
Startup team discussing BBWA equity formula with lawyer in modern office setting
Fundraising & Financial Regulation

Broad-Based Weighted Average for Startups and Businesses: How Legal Expertise Maximizes Equity Strategy

Introduction In the dynamic world of startups and growing businesses, managing equity distribution effectively is crucial to attract investments and maintain a balanced ownership structure. One of the most significant mechanisms that companies use during financing rounds is the Broad-Based Weighted Average (BBWA) provision. This tool acts as an anti-dilution
6 min read
Startup team collaborating on confidentiality strategy with digital legal and cybersecurity icons.
Policy, Compliance & Cybersecurity

Securing Confidential Company Information: How Startups Can Benefit from Legal Expertise

Introduction In today’s fast-paced business environment, startups and fast-growing companies face enormous challenges when it comes to protecting their confidential information. Whether it’s intellectual property, trade secrets, or sensitive business data, the threat of unauthorized access is real and potentially devastating. Recent reports emphasize the dire financial consequences
5 min read
How to Form a Corporation in Delaware: A Step-by-Step Guide for Startups
Business Formation & Corporate Governance

How to Form a Corporation in Delaware: A Step-by-Step Guide for Startups

1. Introduction: Benefits of Delaware Incorporation for Startups Incorporating in Delaware has become the gold standard for startups across the U.S. Due to its business-friendly environment, established legal framework, and favorable tax structure, Delaware offers significant advantages for emerging companies. * Business-Friendly Laws: The Delaware General Corporation Law (DGCL) is
3 min read
Minimalist illustration of convertible note liquidation preferences with investors, founders, and legal documents
Fundraising & Financial Regulation

Navigating Convertible Note Liquidation Preferences: A Legal Blueprint for Startups and Businesses

Introduction Convertible notes are a prevalent financing instrument for early-stage startups, offering a streamlined method to raise capital without the immediate need for an upfront valuation. Acting as short-term debt that later converts into equity—often during a subsequent funding round—convertible notes provide a flexible option for companies looking
7 min read