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Transparency about the company’s operations, decision-making processes, and goals can make employees feel more invested in the company’s success. ~ Tiffany Hafler, Marketing Coordinator, Blockchain Lawyer
Founders’ agreements often include stipulations regarding stock ownership, management roles, decision-making, conflict resolution, and exit alternatives. ~ Andrew Priobrazhenskyi, CEO and Director, Discount Reactor
A potentially devastating legal mistake is not having all employees sign intellectual property agreements before they work with the startup. ~ Julia Kelly, Managing Partner, Rigits
Trademarks protect a startup’s brand name, logo, and other intellectual property, ensuring that competitors cannot copy or imitate them. ~ Ryan Flannagan, CEO and Founder, Nuanced Media
You can have the most detailed documentation, but if there is no follow-through on the actions it states will be taken, then it does little good. ~ Alexandre Bocquet, Founder and CEO, Betterly
A word to the wise: if you sign a document prior to incorporation, you may still be personally liable for that specific agreement. So, incorporate sooner rather than later once profits are progressing. ~ Allan M. Siegel, Partner and Attorney, Chaikin, Sherman, Cammarata Siegel, P.C.
Before claiming R&D tax credits, companies should know the eligibility criteria for such credits. ~ ley Beam, Managing Attorney, Douglas R. Beam, P.A.
It should also provide for dispute resolution mechanisms such as mediation and arbitration clauses in case disagreements arise between members. ~ Linda Shaffer, Chief People Operations Officer, Checkr
It’s important for investors to understand how the conversion of their notes to equity could influence the size of their personal stake in the business. ~ Ian Wright, Managing Director, Business Financing
Transforming one of your conference rooms into a designated wellness area can be an option to encourage well-being for attorneys. ~ Deepa Tailor, Owner and Founder, Tailor Law