Due Diligence Documents Required For Fund-Raising
Most VCs require companies to be a Private Limited Company . Limited Liability Partnerships & other forms likely don’t work for venture capital structures. For Startups , it is important that your legal attorneys should set up documents suitable for a VC-funded company, including a
Charter - MOA & AOA,
Guidelines ,Bye-laws, Regulations,
Equity Incentive Plan documents,
Proprietary information and
Invention assignment agreements, and
Stock restriction agreements
An experienced Intellectual Property attorney should review IP-intensive businesses. An IP attorney will help distinguish what is proprietary, what can be protected as a patent, trademark, copyright, or a trade secret.
It is important to confirm your IP belongs to the company, including IP developed by founders, former employees, and consultants.
Facilitate the fund-raising process and give the impression of being highly organized by preparing a due diligence doc containing the following:
Necessary Financial and Corporate / Incorporation documents
Debt and Equity documents
Intellectual Property Documents
Equity Incentive or stock option plan [ESOPS]
Management team resumes