This document discusses legal issues entrepreneurs should address when raising angel and venture capital. It recommends choosing the right business entity based on tax and investor preferences, properly documenting founder agreements and stock issuances, maintaining an accurate capitalization table, and establishing employee incentive plans. The document also outlines deal documents and issues involved in seed funding rounds and when accepting angel and venture capital investments. Entrepreneurs are advised to negotiate affordable legal fees and properly structure their business upfront to avoid costly mistakes and disputes down the road.