Audit and Gather Primary Equity Inputs
Compile all executed Articles of Association, SH01 forms, founder IP assignment agreements, existing convertible notes, and signed advisor agreements. Cross-reference these primary legal records against your accounting ledger and Companies House filings to verify current legal share ownership.
Gathering verified legal inputs ensures that your forward-looking cap table model is grounded in unassailable legal reality. This eliminates discrepancies early, protecting the venture from costly legal remediation during investor due diligence.
Assemble an audited index of primary equity documents alongside a reconciled schedule of issued shares, options, and convertibles. Provide written confirmation that Companies House records match internal share registers precisely.
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 discrepancies exist between your internal share register and your official Companies House filings?
- 2
How have you verified that all historic advisor and employee option grants have valid board approval and documentation?
- 3
What unfulfilled promises or informal equity commitments remain unrecorded in your formal share register?
- 4
Have all founders formally assigned their intellectual property to the company in exchange for their equity shares?
- 5
How do existing convertible note discount caps impact your fully diluted share count at this gather stage?