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In some places, there are legal obligations and consequences that can trigger with shareholder counts. For example, pitch 17 firms with NDA protected IP in th

In some places, there are legal obligations and consequences that can trigger with shareholder counts. For example, pitch 17 firms with NDA protected IP in the slide deck, than your project could be considered public domain. Or... issue ownership to more than 30 shareholders, and you now have a filing obligation regardless of investor tier (YMMV, in some places... I recall it is 300 names that trigger a requirement to enter an exchange whether your group is fully ready or not). This is one of those things you had better get more than one corporate lawyers opinion on in your geographic region. Seriously, don't even think about YOLO'ing it with share structures. Hard pass if you are unsure... Good luck, =)

tomp 3y ago
> For example, pitch 17 firms with NDA protected IP in the slide deck, than your project could be considered public domain. Do you have source/explanation where I can learn more? How can one protect against that?
- Joel_Mckay 3y ago
  It falls under the implicit arms-length-disclosure area if I recall.. but that document was 14 years ago,,, so I may have muddled why it happens. I pay expert legal people to handle the when/why/how details, and so should you. =) Start here: the history of how shadow banking popularized junk bonds https://archive.is/zDlCm https://archive.is/zDlCm