Iptisha | Circulox.org

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Iptisha | Circulox.org

Iptisha | Circulox.org

@iptishax

web3 lawyer & founder @ https://t.co/73yI92UbVJ | helping ventures stay compliant | member @superteamIN

เข้าร่วม Haziran 2024
242 กำลังติดตาม454 ผู้ติดตาม
ทวีตที่ปักหมุด
Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
hi, i’m iptisha, & i run circulox(.)org: a legal agency for web3 & ai based startups over time, i’ve had the privilege of assisting several remarkable teams guiding them through: → entity formation → token classification → regulatory compliance → financial governance → intellectual property protection marketing has never been my forte so i sought perspective from those i serve, they called me: “sharp", “curious", “a loophole finder", “always in for the client" one said “you’re the person i call when the house is on fire" that’s about right if you’re building and the stakes are high my dms are open
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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
wyoming vs delaware isn’t really a “which is better” debate, it’s more about what you’re optimizing for if you want low annual overhead, less compliance and just to operate quietly → wyoming makes sense if you’re even remotely thinking about raising vc, issuing stock or playing the venture game → delaware is almost expected seen people save a few hundred bucks early with wyoming, then spend way more later flipping to delaware when investors ask optimize for where you’re going, not where you are right now
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Superteam
Superteam@superteam·
dear founders, extend your runway with superteam black apply now
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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
@SuperteamBlack @superteam good to see something like this finally coming together for founders, have seen a lot struggle trying to figure out direction, resources and networks on their own, so this should make things a lot easier hope people really make the most of it
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Superteam Black
Superteam Black@SuperteamBlack·
Hello from Superteam Black A founder success program from @superteam We help unlock the resources, capital, and distribution founders need to scale beyond their local ecosystem.
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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
we at circulox are excited to be the legal support partner @superteamblack as part of this collaboration, we are offering exclusive benefits and tailored legal support to all startups within the Superteam Black ecosystem reach out for more details
Superteam Black@SuperteamBlack

Hello from Superteam Black A founder success program from @superteam We help unlock the resources, capital, and distribution founders need to scale beyond their local ecosystem.

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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
A proposal to implement security council without killing decentralization the council could pause suspicious addresses but not instantly as every action goes into a time delay and during that window, it’s public if the community thinks it’s wrong or malicious, they can cancel it before it goes through ( veto power) council members should have skin in the game by investing their own capital if the community vetoes their action, that stake gets slashed so you can’t just freeze accounts randomly without risk
Arbitrum@arbitrum

The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.

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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
claude can help plan military grade workflows but can’t tell me if I’m at 90% usage before ghosting me for 4 hours 3 fixes we actually need > live usage bar > localised pricing > context control (drop what you don’t need) > fallback models instead of lockouts @claudeai keeps dropping new versions every week but still can’t fix the most basic UX
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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
if you have a US entity, make a simple compliance checklist so you don’t miss filings every US entity should track: > form 1120 (annual tax return) > form 5472 (if foreign owned) > state annual report (delaware/Wyoming etc) > 83(b) election (within 30 days of stock grant) one missed filing can cost $25,000+ in penalties so make a checklist, track deadlines and stay compliant
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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
haven’t filed it and scared of the penalty? there is a provision to seek an extension file Form 7004 with the IRS and you get an automatic 6 month extension to file your return just file it before the deadline and you get time till october
Iptisha | Circulox.org@iptishax

have a US entity with non US founders? don’t ignore these filings: > form 1120: US corporate tax return (due April 15) > form 5472 : if 25%+ foreign ownership + related-party transactions (due April 15) even if you are pre revenue, raised funds or just holding money in a wallet, filings still apply

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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
have a US entity with non US founders? don’t ignore these filings: > form 1120: US corporate tax return (due April 15) > form 5472 : if 25%+ foreign ownership + related-party transactions (due April 15) even if you are pre revenue, raised funds or just holding money in a wallet, filings still apply
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Iptisha | Circulox.org รีทวีตแล้ว
Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
if you have a Delaware corporation, you’ve probably seen franchise tax look absurd let’s say your company has 10,000,000 authorized shares which defaults to $3,281.77 tax now most founders think that is the final amount and it often isn’t Delaware lets you calculate franchise tax in two ways: > authorized shares method the default one a lot of founders get hit with so if your authorized share count is high, the number can look much bigger than expected > assumed par value capital method this looks at issued shares and gross assets not just the authorized share count so if your company has low assets, this method can significantly bring down your tax after recalculating under the assumed par value the min. tax in this case will be around $500 so why pay a hefty fee when Delaware offers an option to qualify for a lower tax slab?
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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
after its $575M raise, @WHOOP is now valued at $10.1B and now they are using law very strategically before a big exit ( founders, take notes) > protecting the hardware instead of just relying on functional patents (which are hard to defend in fitness tech), whoop is using trade dress so if someone makes a product that looks almost the same, whoop can argue it confuses the market lesson: if your product has a unique look, protect that too & not just the tech > protecting the software experience whoop is also trying to stop competitors from copying the app experience because if users can get a whoop like experience on another device then their subscription model becomes weaker lesson: In the age of AI and data, your data visualization is your product > protecting the regulatory position whoop also had pressure around health related claims, esp around blood pressure insights so instead of backing away fully, they adjusted the feature this helps them keep the feature alive while reducing regulatory risk
Grey@greynguyen

@WHOOP just filed a lawsuit against us. A $10B company with 800+ employees is scared of us, a 20-person team making health tracking accessible to all. Rather than focusing on product and innovation, Whoop has decided to use its newly raised capital on lawfare. In this video, I share our side of the story, explain why their claims are baseless, and why we believe fighting back is the right thing to do.

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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
the biggest mistake in compliance? treating every country the same > some care most about custody > some care about intermediation > some care about whether you’re the one actually performing the service > some are simply a hard no
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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
being a founder is super tough and we are here to help if you are a founder on solana, I am happy to strategise with you on: > global structuring > tax compliance > fundraising support > licenses feel free to dm me. i will try to reply to everyone
Lily Liu@calilyliu

being a founder is super tough and we are here to help if you are a founder on solana, I am happy to strategise with you on: - GTM plan - TVL - user acquisition - east vs west BD strategy feel free to dm me. i will try to reply to everyone

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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
@VPitnaik decentralized does not mean no due diligence it makes basic questions more important: who is taking fees, who is handling payouts and who answers when things go wrong?
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v3dant
v3dant@VPitnaik·
@iptishax Aren't we in a decentralised space?
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Iptisha | Circulox.org
Iptisha | Circulox.org@iptishax·
before you off ramp through any easy provider, check the following: > are they doing proper KYC? > are they FIU-IND registered or operating through a properly compliant registered entity? > are they handling the 1% TDS properly? > do payouts go only to your verified bank account? > is there a real legal entity behind the platform? some exploit every loophole under the guise of utility, skating through grey areas but trust me, it only takes one call, one careful look, before they come crashing down and if they haven’t already then they might be too small to attract regulators’ attention so use it at your own risk be a smart user not just an easy consumer
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