57:45Carolynn Levy, Jon Levy, and Jason Kwon explain the legal steps involved in starting a company, from incorporating and issuing founder stock to setting up a board, keeping records, and handling taxes. They recommend keeping the company’s finances and documents organized, using vesting for founder shares, and filing an 83(b) election promptly after buying stock. They also discuss common problems such as unpaid workers, unclear intellectual property ownership, founder breakups, and promises of employee equity. The panel answers questions about incorporation services, fundraising, hiring across borders, and when to seek legal advice.
