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I will draft your founder stock purchase agreement and 83b election
Licensed US Corporate Attorney Startups and VC Ready Formations
I am Sunnyra Keo Joo, a licensed US Corporate Attorney (Bar #263743) specializing in startup law, Delaware C-Corp formations, and founder equity. I provide elite, venture-backed standard legal service...
About this Gig
Issuing equity incorrectly is a fatal flaw for a startup. If a co-founder leaves with a massive chunk of your company, or if you fail to file your 83(b) election, your startup becomes un-investable.
As a licensed US Attorney (Bar #263743), I draft professional, investor-grade Founder Stock Purchase Agreements (FSPA) with standard vesting schedules (e.g., 4-year vesting, 1-year cliff) and prepare the accompanying 83(b) elections to protect your personal taxes.
What is Included:
- FSPA: Legally issues shares from the C-Corp to the founder.
- Vesting Schedule: Protects the company by ensuring founders earn their equity over time.
- Right of First Refusal: Prevents founders from selling shares to outside parties.
- 83(b) Election: IRS document required within 30 days of signing the FSPA to avoid massive tax penalties on unvested shares.
Secure your companys equity and protect your intellectual property from day one. Choose your package and let's get your founder equity legally formalized today.
Field of law:
Tax
Document type:
Manufacturing agreement
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
Other Legal Consulting Services I Offer
FAQ
What is a vesting schedule and why do I need one?
Vesting means you earn your shares over time (usually 4 years). VCs require this so if a founder leaves early, the company can buy back the unearned shares.
What does "1-year cliff" mean?
It means no shares vest for the first 12 months. On the 1-year anniversary, 25% of the shares vest at once, and the rest vest monthly. It protects against early co-founder breakups.
Why do I need a Stock Purchase Agreement if I am a solo founder?
Even solo founders must legally purchase their shares from the corporation to establish ownership and start their capital gains tax clock.
Does the Premium package include IP transfer?
Yes. The premium package includes an Intellectual Property Assignment clause, ensuring all ideas and code created by founders legally belong to the C-Corp.
How long does this take?
Once you provide the company name, founder names, and equity split in the requirements, I typically draft and deliver the completed documents within 2-3 days.
