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 records 4. Using someone else’s legally protected… Read More
Posts Tagged With: startup
Startups Prefer Employees Over Independent Contractors?
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 new trend among startups now to classify… Read More
One Entrepreneur’s Favorite Startup Tools
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. Interestingly, many of the tools discussed are… Read More
Granting Equity to Employees in LLCs
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 are pros and cons to each different… Read More
