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If you are negotiating a lease, you probably focus on the rent and the lease term and evaluate the cost of the lease in terms of monthly cash flow. You may look at a lease as a monthly expense, but that’s not how a landlord sees it. Space is an asset, and a landlord writes […]

“Crowdfunding” has historically referred to a process whereby individuals or companies raise money to fund projects or ideas. Funders donate money with no expectation of a return other than a token gift. Kickstarter and GoFundMe are examples of this type of crowdfunding. In April 2012, President Obama signed the Jumpstart Our Business Startups Act (the […]

For start-ups, raising capital is a continuing challenge. After you’ve tapped friends and family, one way to meet that challenge is with convertible notes. A convertible note is a short-term debt that converts to equity at a pre-determined time, often when the start-up completes its first-round financing, bringing venture or external investors in for the […]

It’s finally Summer (the summer solstice is June 21), prime time for flying flags and displaying and using all sorts of flag-themed merchandise. In 1942, enacted rules, later codified in Title 4 of the U.S. Code, designed to prevent disrespect to the flag. About half of the states adopted similar rules. Herewith, a few of […]

What is the purpose of a buy/sell agreement?  The name notwithstanding, a buy/sell agreement has little to do with the purchase or sale of the assets of a business.  For that, we use an asset purchase agreement. A buy/sell is a contract among the owners of a business that sets the terms and conditions under […]