Audit Existing Materials and Select Formation Template
Gather all preliminary founder notes, cap table drafts, and existing agreements to assess current legal posture. Audit these against the standard Bertie formation readiness template to establish a clear operational baseline for incorporation planning.
Completing this action establishes a structured inventory of all current legal assets and historic commitments. It ensures the venture builds upon verified baseline data rather than unexamined assumptions, accelerating the path to a clean legal setup.
The founder must present a populated audit checklist comparing current assets against the standard formation template. All prior informal agreements, pre-incorporation commitments, and existing legal templates must be catalogued with clear source attribution.
Five questions an expert would ask when reviewing your output
Use these to challenge assumptions, pressure-test your logic, and check the quality of this action's output in the context of the parent task and wider venture development.
- 1
What specific legacy commitments or informal promises exist in your notes that are omitted from this initial template?
- 2
Why did you select this particular legal setup template given your proposed commercial business model?
- 3
How have you verified that your existing founder materials accurately reflect all early contributions made to date?
- 4
What gap analysis methodology did you apply when comparing your raw founder notes against the standard framework?
- 5
How does starting from this baseline prevent historic liability from creeping into the new corporate entity?