Inc.com published an article today entitled, “The Dumbest Legal Mistakes Early Startups Make.” The article, written by Alumnify CEO A.J. Agrawal, asserts that the “dumbest” legal mistakes made by startups include: 1. Not having written LLC operating agreements 2. Choosing the wrong corporate entity 3. Failing to keep proper…
We’ve all heard the stories about how startups tend to prefer to classify their workers as “independent contractors” rather than “employees.” Uber is a current and classic example of this legally risky phenomenon. But, according to today’s Business Insider, startups are apparently now second-guessing this strategy. There’s a budding…
In today’s New York Times business section, there is an article that discusses “favorite startup tools” of entrepreneurs. It discusses tools that assist entrepreneurs with (1) testing an idea, (2) getting user feedback, (3) idea iteration, (4) email marketing, (5) analytics, (6) project management, and (7) stakeholder communication….
As you know from previous posts in this blog, the choice of entity is a big question for most startups. Whether to form an C Corp, S Corp, LLC, partnership, or something else is one of the earliest — and most important — decisions an entrepreneur confronts. There…