Blog

“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 […]

Late last month, the California Supreme Court handed down a decision involving a package delivery service that had classified its drivers as independent contractors.  The decision was unanimous. The court set out clear guidelines for establishing when wage orders setting minimum wages will apply to workers, stating that, in order to classify a worker as […]