Keeping Business Copycats at Bay with Trademarks
Sometimes the best way to protect your business from lawsuits, unnecessary expenses, and loss of income is to learn from the mistakes of others. Such is the case with trademarks. History is littered with thousands of cases – some frivolous, others successful – involving one company suing another over alleged trademark infringement. Yet these problems […]
Why Your Business Attorney Should Be On-Call
As your business grows, your time becomes ever more valuable. Out of necessity, your priority should be to focus on the work that moves your business forward, and that only you can do. One of the best strategies to maximize your own productivity is to hire outside professionals to support your processes and reduce your […]
The 3 Most Common Legal Mistakes Business Owners Don’t Know They Made
During the startup phase of a new business, the temptation is for the new business owner to focus almost exclusively on generating revenue and reducing expenses, so that they can make the business profitable as quickly as possible. Indeed, it is wise for a company to keep an eye on the bottom line, and the […]
Restricted Stock Units
By Bernard Williams One of the biggest challenges you face as a business owner is how to motivate and retain employees. It’s a multi-dimensional equation. Every employee is unique. But, when it comes to stock options and equity sharing, one of the most popular ways to keep the team motivated is by granting Restricted Stock […]
The Benefits of An Operating Agreement
The Benefits of An Operating Agreement By Bernard Williams This article discusses the importance of an operating agreement in connection with an LLC business structure. Introduction The LLC is one of the most popular business structures today, and for good reason. With an LLC, your personal assets are protected from legal liabilities and debts. […]
Representations and Warranties in a Purchase Agreement
Yes, the Representations and Warranties in a Purchase Agreement DO Matter James Smith was ready to sell his business. He received his purchase agreement from the buyer and agreed on the terms, however there were pages and pages of representations and warranties. He figured this was standard procedure and didn’t think twice about it […]
The Importance of a Customized Internal Governance Document for your Business
Whether your business is a corporation, a limited liability company, or some other entity type, it is critical that your business has an internal governance document, typically in the form of either corporate bylaws or an operating agreement. An internal governance document that is customized to your business is important for the following reasons: […]
5 Things to Know Before Your Attorney Consultation
Before you meet with your attorney to discuss legal and business strategies for your startup, do your homework so that you can maximize the value you gain from the consultation. Here are five concepts you should be familiar with and tasks you should complete before you meet with your attorney: Write a Strong Business Plan Your business […]