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Don’t Panic! Your pre-revenue startup doesn’t owe $85,165 in Delaware Franchise Taxes

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It’s Delaware Franchise Tax Season! If you’re incorporated in Delaware and you’re staring at a terrifying notice with the number $85,165.00 on it, don’t panic. It’s very likely that your startup only owes $400. Read on for details on how to refigure your bill, easily file your report, and reduce your stress in future years. The post Don’t Panic! Your pre-revenue startup doesn’t owe $85,165 in Delaware Franchise Taxes appeared first on Gust.

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Startup Strategies: The Strategic and Financial Significance of Intellectual Property

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Startups are often at the forefront of innovation, developing new technologies, products, and services that disrupt traditional industries and bring fresh ideas and approaches that drive technological advancements. In that regard, startups often rely heavily on their ideas, and the unauthorized replication of those ideas may result in a loss of control over the unique aspects of a startup’s offerings.

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Using Copyrighted Works in AI Training Data May Infringe Even if the AI Output Doesn’t

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Thomson Reuters Enterprise Centre GmbH v. Ross Intelligence Inc., decided in the federal District Court in Delaware on September 25, 2023, asks the question whether a company can train its AI on a competitor’s copyrighted works in order to help it compete? What if the AI output does not infringe the competitor’s copyrights? The answer so far is “maybe,” but that the answer is not “no” adds to the hazards of using copyrighted works as training data.

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How a Great Brand Story Can Help You Nail Your Pitch Deck

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Pitch decks for demo day. Goes without saying that raising capital is a critical moment for any startup. It’s your first impression that can essentially make or break (figuratively) the opportunity at hand. Branding is what sets one business apart from another. It's what makes Apple a luxury tech brand and Nike a reputable sports brand. Understanding how to create an effective branding strategy can help your startup stand out on your big day.

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What does a “discount” mean in a convertible note?

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A note is a loan. That is, a lender gives a company $100, and the company writes a note to the lender stating "we will pay you back $100 one year from today, along with 10% [or some other number] per year interest". The convertible part means that in addition to the straight repayment mentioned above, the lender and the company agree that instead of the company paying back the loan in cash, if the company raises money by selling stock to another investor before the loan is due, then the original

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Board Meetings and the Importance of Well-Drafted Minutes

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In our previous posts, we discussed how to call a Board of Directors Meeting, the Quorum Required for the meeting, along with the Means of Attendance, Written Resolutions Documenting the Board Minutes, Duty of Care, and addressing potential conflicts of interest. Our third installment will delve into the importance of well drafted meeting minutes. The post Board Meetings and the Importance of Well-Drafted Minutes appeared first on Gust.

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What Is a C-Corporation?

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A C-Corporation, often referred to as a “C-Corp,” is a legal business structure that separates the company from its owners, providing limited liability protection to shareholders. It is the most common type of corporation in the United States, offering several benefits and flexibility for startups aiming for rapid growth and outside investment. The post What Is a C-Corporation?