For Lawyers: Why Entrepreneurs Need Lawyers to Use Our Platform

Our platform is designed to support good working relationships between entrepreneurs and their legal counsel. We bring additional transparency, collaboration, and efficiency to your work with clients. To ensure that companies working on our platform are getting the guidance they need from their legal counsel, we prevent entrepreneurs from accessing certain workflows until they register their legal counsel on our platform. In addition, when companies initially join our platform, they are required to consent to the following statement: "Our platform can not offer legal advice, and [entrepreneur] needs to have [their] own legal counsel."

This article lists several workflows below that are unavailable to entrepreneurs who have not yet registered their legal counsel. This ensures that companies can get the legal advice they need on important company actions. 

If you're looking for additional information on how companies establish relationships with their lawyers on our platform, please visit the following articles: 

• Register Legal Counsel
• Setting Preferences for Counsel Involvement 

Corporate Structure 

• Change Company Name

Government Filings

• Employer Identification Number (EIN)
• IRS Form 3921

Human Resources

• Add Employee
• Add Contractor or Consultant
• Amend Consultant or Contractor Agreement
• Employee Job Change
• Update Organizational Chart

Equity

• Grant Shares or Options
• Request 409 A Report
• New Stock Incentive Plan
• Amend Stock Incentive Plan
• Change Authorized Shares or Par Value
• Stock Option Exercise
• 83 (b) Election
• Amend Grant or Add Vesting
• Capture Custom Vesting Event
• Repurchase Shares
• Stock Transfer or Secondary Sale
• Exchange of Stock
• Cancel Grant
• ASC 718 Stock Options Report
• Stock Split
• Warrant
• Warrant Exercise
• Update Size of Flexible Grant or Warrant

Financing

• Bridge Note
• Additional Bridge Note Closing
• Equity Financing Term Sheet
• Equity Financing
• Additional Equity Financing Closing
• Amend Note Purchase Agreement
• Simple Agreement for Future Equity (SAFE)
• Keep It Simple Security (KISS)

If you are interested in working with more companies on our platform, check out spark.shoobx.com.