Delaware, Nevada or Texas? Choosing a State of Incorporation as a Turkish Founder
Delaware, Nevada and Texas weighed from a Turkish founder’s seat: Senate Bill 21, Texas SB 29, franchise tax mechanics and the Turkish law layer after a flip-up.
Insights and updates
From emerging regulation to deal mechanics, we write about the questions founders and investors actually ask: practical analysis you can put to work.
Delaware, Nevada and Texas weighed from a Turkish founder’s seat: Senate Bill 21, Texas SB 29, franchise tax mechanics and the Turkish law layer after a flip-up.
How to calibrate veto lists, information rights and board representation: balancing minority investor protection against keeping the company manageable.
How many shares should a Delaware C-Corp authorise, and at what par value? The two franchise tax calculations, and why the first bill surprises founders.
How convertible notes and KISS instruments work under Turkish law: interest, maturity, conversion triggers, capital increase mechanics and risk allocation.
Venture debt looks like cash without dilution; the real question is when it can be called. A practical note on acceleration, warrants, security and FX limits.
Where does investor counsel look first in a data room? Corporate books, cap table consistency, the IP chain, employment files, KVKK compliance and disclosure.