Don’t Get Trapped in a Contract that Renews Automatically

Don’t Get Trapped in a Contract that Renews Automatically

Years ago I worked for a large retailer, with hundreds of stores across the U.S. Unknown to the legal department, many of these stores had, individually, entered into five-year contracts with a company providing piped-in background music (these were the days before...
The Benefits Of Convertible Notes

The Benefits Of Convertible Notes

Imagine an entrepreneur. Though they may have a life-changing idea for a business that could take over an industry or market, they still need capital. There is not enough of a track record to generate a valuation for the company during these very early stages.  Rather...

Classifying Your Workers Correctly

There can be severe financial consequences for improperly classifying your workers. When some people begin a business, they view calling those providing services independent contractors as a means to save money. Though this is entirely understandable because...
Guide For Protecting Trade Secrets

Guide For Protecting Trade Secrets

Consider this: Coca-Cola generates over $30 billion in revenue annually. Imagine that someone has a magic wand and makes all of Coke’s physical assets disappear, its office buildings, plants, distribution centers, etc. Even if that were to happen, Starbucks is still...
Why You Should Create An Employee Handbook

Why You Should Create An Employee Handbook

Regardless of the size of your company, establishing clear policies and expectations is a wise investment of your time and effort. While an employee handbook is valuable for your employees, it offers your business protection as well. Your employees can learn about...
Operating Agreements & Shareholder Agreements

Operating Agreements & Shareholder Agreements

Shareholders are owners of a corporation, whether a large public corporation like Apple or a small, private corporation started by two or three people. Their level of ownership depends on the amount of stock they own. A shareholder agreement is an important contract...
Asset or Share Purchase?

Asset or Share Purchase?

If and when you intend to buy another company, you have a decision to make. Should you purchase the company’s shares or its assets? As a buyer, there are advantages and disadvantages to both.  A Share Sale Buyers consider this an option when they are purchasing an...