When Should You Update Your LLC Operating Agreement?
Unlike most states, New York requires all limited liability companies (LLCs) to have a written operating agreement. When should you update your LLC operating agreement? You may need to update this operating agreement as your business structure, ownership, or corporate…
What Founders Should Know About Equity Splits and Voting Rights
Overview of Equity Ownership and Voting Rights in Startup Formation Equity ownership represents each founder’s financial interest in the company.…
What Founders Should Know About SAFEs, Convertible Notes, And Equity
Raising capital in the early stages of a company often means making financing decisions before the business has a clear…
Understanding Restrictive Covenants in Executive Contracts
Executive employment compensation is famously complex. Logically enough, executive employment contracts tend to be complicated, too. Many employers include non-compete…
When Your Tech Startup Needs a Fractional General Counsel
Launching and scaling a technology startup involves making decisions at a frantic pace. Your decisions will help the business model…
How Angel Investors Can Protect Their Rights in Startup Deals
Every influential company began as a startup, and many of those startups wouldn’t be where they are today if not…
How Startups Can Stay Legally Compliant During Fundraising Rounds
Is your startup at the point where it’s time to raise capital? The fundraising process can be intimidating, and if…
Legal Risks of Running an LLC Without Operating Agreement Drafts or Updates
One main advantage of forming your business as a limited liability company (LLC) instead of a corporation is flexibility. The…
How to Resolve Shareholder Conflicts Through Agreement Terms
Shareholder conflicts drain time, money, and energy, often due to differing business interests. One person wants to reinvest profits, another…
Asset Purchase vs. Stock Purchase: Choosing the Right Deal Structure
Buying a target company is rarely a straightforward choice. You are picking a path that changes taxes, risk, speed, and…