Hiring the Right Startup Lawyer
You own a young company that is seeking VC, angel or perhaps even seed funding. You want to protect yourself with the right legal documents, ensure that you are taking the right steps and perhaps gain some legal counsel along the way. You turn to your network circles for a recommendation on a good lawyer. […]
Hiring an Independent Contractor or Employee
It is important that you know the difference between hiring an independent contractor vs. an employee so that you can determine which is best for you and your business. Before reviewing the pros and cons of each, start by gaining an understanding of the differences between the two: Independent Contractor Operates under a business name […]
What to Consider When Starting a Company With Your Spouse
Starting a business can be a risky endeavor (quitting your job, spending your savings, good potential for failure, and the list goes on). Starting a business with your spouse can be even riskier when you consider your shared finances, your retirement funds, your relationship, your mental health and happiness. Before you risk everything, ask yourself […]
How to Choose a Business Plan Writer
Regardless of whether you are a first time entrepreneur starting a new business or a seasoned entrepreneur seeking capital to leverage your existing business, any investor will require a business plan. Writing a business plan is incredibly daunting for most business owners, whether because of difficulty, lack of time or lack of expertise. As a […]
Stock Option Plan Rule of Thumb No. 5
This article was contributed by William W Eigner, Esq. & Brian Headman of Procopio, Cory, Hargreaves & Savitch LLP. Try Not To Jeopardize Relationships Up-front communication of a director or advisor’s term of service and duties helps to foster a healthy relationship and facilitate a potential termination without jeopardizing relationships. For start-ups, relationships can be an incredibly […]
Stock Option Plan Rule of Thumb No. 3
This article was contributed by William W Eigner, Esq. & Brian Headman of Procopio, Cory, Hargreaves & Savitch LLP. Subject Director And Advisor Shares To A Two-Year Vesting Schedule Directors assume general corporate law fiduciary duties and potential liability from the very first day they serve on a company’s board. For this reason, independent directors expect […]
Stock Option Plan Rule of Thumb No. 2
This article was contributed by William W Eigner, Esq. & Brian Headman of Procopio, Cory, Hargreaves & Savitch LLP. Issue Options According To Value Added And Risk Taken Options are often issued as a reward, either for services rendered or risk assumed by the recipient. Thus, the number of shares and ownership percentage covered by the […]
Stock Option Plan Rule of Thumb No. 1
This article was contributed by William W Eigner, Esq. & Brian Headman of Procopio, Cory, Hargreaves & Savitch LLP. Reserve 10-20% Of Your Company’s Outstanding Equity For A Stock Option Plan Equity incentives are a major form of compensation for most emerging growth and technology companies. Without them, most start-ups cannot afford critical labor, let alone […]
Equity Options to Attract Directors and Advisors
This article was contributed by William W Eigner, Esq. & Brian Headman of Procopio, Cory, Hargreaves & Savitch LLP. William Eigner’s bio is available at https://www.procopio.com/attorneys/william-w-eigner and his LinkedIn is available at https://www.linkedin.com/profile/view?id=616218&trk=tab_pro. A properly selected Board of Directors and Board of Advisors can be an invaluable asset to an emerging company. Building these boards is an early opportunity for […]
Video Friday: Picking the Right Members for Your Startup Team
This week, Tyler Jensen explains how to pick the right members for your startup team. Enjoy! If the link isn’t working, check out the video at: https://www.youtube.com/watch?v=RalHr668zI0&feature=player_embedded. View our archived videos on our YouTube channel at https://www.youtube.com/user/thestartupgarage?feature=watch. Whether you have a question about Picking the Right Startup Members, or you’d like to discuss our business plan […]
