Legal Health Check
Find and fix legal gaps before investors or accelerators do
Use Founders Form AI before VC investment, YC, Techstars, 500 Global, Neo, Pear, accelerator review, counsel review, or investor diligence to identify missing documents, risky terms, open obligations, and legal gaps that should be fixed before they slow the company down.
What It Reviews
The legal gaps that can slow down VC or accelerator review
The Legal Health Check reviews the areas that commonly create questions during VC investment, YC, Techstars, 500 Global, Neo, Pear, investor diligence, equity issuance, hiring, or company cleanup.
01
Formation and evidence
Certificate records, bylaws, incorporator actions, initial board approvals, officer appointments, and filing evidence.
02
IP assignment coverage
Founder CIIAAs, employee agreements, contractor agreements, advisor agreements, and IP assignment language.
03
Equity hygiene
Founder stock, option grants, restricted stock, 83(b) records, 409A timing, board approvals, and allocation issues.
04
Financing obligations
SAFEs, convertible notes, side letters, MFN provisions, pro rata rights, note maturity dates, investor rights, and approval requirements.
05
Governance records
Board consents, stockholder approvals, amendments, quorum issues, consent timing, and company action records.
06
Deadlines and obligations
Franchise tax, annual filings, open 83(b) windows, stale 409As, upcoming maturities, and triggered obligations.
Report Output
A clear fix list, ranked by what matters most
The value of the Legal Health Check is not just knowing that something is missing. It is knowing which gaps can block investment, accelerator review, diligence, or equity work, and what should be fixed first.
Severity
Know what is urgent
Findings are ranked by practical risk so founders can focus on the gaps most likely to matter to investors, accelerators, or counsel.
Source
Ask questions about your documents
The health check ties findings back to your company's documents, approvals, filings, obligations, and uploaded records.
Fix
Generate or complete what is missing
Each finding points toward the next step, whether that means answering a question, reviewing a document, generating a contract, or involving an attorney.
Before VC Or Accelerator Review
Use this before investors, YC, Techstars, 500 Global, Neo, or Pear ask questions.
A Legal Health Check helps founders find and fix legal gaps before a VC investment, accelerator review, SAFE, seed round, option grant, or investor diligence request turns them into a time-sensitive cleanup project.
Before VC investment
Before accelerator review
Before counsel diligence
Already Incorporated?
Upload what you have. Ask what needs to be fixed.
The Legal Health Check is useful even if the company formed elsewhere, already issued equity, already raised money, or has documents scattered across different folders. Founders Form AI can begin with the signed records you already have, answer questions about them, surface legal gaps, and help identify missing contracts, approvals, or next steps.
- 01Upload company documents
- 02Ask questions about them
- 03Identify gaps and risks
- 04Generate or prioritize fixes
Related Pages
Continue preparing for investment, diligence, and review
Solutions & Outcomes
Return to the parent hub for startup legal questions, document review, contracts, and founder outcomes.
Fundraising
Draft SAFEs and notes, review side letters, track obligations, and prepare financing documents.
Due Diligence Checklist
Prepare for investor or accelerator diligence with a founder-friendly checklist.
FAQ
Startup legal health check questions
A Legal Health Check gives founders a practical way to ask questions, review documents, find legal gaps, and prepare before fundraising, accelerator review, diligence, equity issuance, or cleanup.
What is a startup legal health check?
A startup legal health check is a review of the company's documents and legal setup to identify what exists, what is missing, what is risky, what is coming due, and what should be fixed before investors, accelerators, or counsel ask.
When should founders use this?
Founders should use this before VC investment, YC, Techstars, 500 Global, Neo, Pear, investor diligence, accelerator review, counsel review, equity issuance, or any moment where legal gaps could slow the company down.
What does Founders Form AI review?
Founders Form AI reviews formation records, IP assignment coverage, equity documents, financing instruments, side letters, governance approvals, filing deadlines, obligations, and diligence readiness.
Can I ask questions about my documents?
Yes. The Starter Tier includes Q&A so founders can ask questions about uploaded documents, legal gaps, investor requests, missing approvals, financing terms, equity issues, and what needs attention next.
Can this help before fundraising?
Yes. The health check can surface issues with SAFEs, notes, side letters, cap table support, approvals, IP coverage, pro rata rights, MFN provisions, and diligence records before investors or counsel ask for them.
Can this help if my company is already incorporated?
Yes. It is especially useful for companies that were incorporated elsewhere or have already accumulated signed documents, equity records, financings, contracts, or governance actions across different systems.
Does this replace an attorney?
No. Founders Form AI helps founders review documents, identify gaps, ask questions, and understand next steps. When legal judgment or strategic advice is needed, attorney review can be involved through the platform.
What does the Starter Tier include?
The Starter Tier is $149/month and includes a startup health check and Q&A, giving founders a practical way to understand what is missing, what needs review, what can be fixed, and what questions need to be answered next.
Related resources
Startup Legal Checklist
A startup legal checklist for Delaware C-Corp founders covering incorporation, founder stock, 83(b), SAFEs, cap table cleanup, diligence, and ongoing compliance.
Post-Incorporation Checklist
A post-incorporation checklist for Delaware C-Corp founders covering EIN, bylaws, initial board consent, founder stock, 83(b), IP assignment, cap table setup, franchise tax, and fundraising readiness.
Startup Due Diligence Checklist
Prepare for investor or accelerator review with a startup due diligence checklist covering formation docs, founder equity, 83(b), SAFEs, cap table cleanup, IP, approvals, and company records.
SAFE Agreement Template
Use this SAFE agreement template guide to understand YC SAFEs, valuation caps, discounts, MFN terms, side letters, cap table impact, and diligence risks before raising.
Carta Alternative
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Founders Form AI · Starter
Start with a legal health check and Q&A.
Founders Form AI's Starter Tier is $149/month and includes a startup health check and Q&A. Use it to ask questions about your documents, identify legal gaps, understand what investors or accelerators may flag, and prioritize what needs to be fixed next.
Starter is the AI assistant with document review and Q&A. Not legal advice.