Investor Due Diligence When launching a new venture, it can be tempting to accept start-up financing from anyone who offers it. However, entrepreneurs should always take the time to get to know their potential investors when it comes to start-up financing. Given that you will likely be married to them for several years, it is important to ask: are these the type of people you want to work with?
Innovative Ideas To obtain funding, start-ups and other growing businesses need a unique business concept to stand out from the competition. In most cases, it’s even better when the business idea is so novel that there is no competition, at least not yet. From drone racing to car vending machines, we highlighted several companies that are capitalizing on groundbreaking ideas.
Hiring Employees Once your startup is ready to hire employees, it is important to do it right. A written employment contract is recommended to establish and structure the legal relationship when you start hiring employees. Issues to address include wage/hours, equity grants, benefits, non-disclosure of confidential information, termination, and non-compete/non-solicitation.
Hot Industries To boost the probability of your start-up’s success, it helps to enter a “hot” industry where there is room for new businesses to flourish. We highlighted several “hot” industries in 2015, from food e-commerce to legal marijuana to “gamification” services. Several common themes unite these industries, including the innovative use of technology in new fields.
Founders Agreements Young entrepreneurs are often so excited to bring their idea to market that they shun the typical formalities of forming a new business. However, as tech start-ups like Tinder and SnapChat have learned the hard way, handshake agreements and napkin contracts can lead to nasty lawsuits among business co-founders. To avoid legal headaches, it is advisable to execute a written partnership or founder’s agreement.
Genesis Mission: How the U.S. Government’s New AI Platform Will Reshape Corporate Innovation, Risk, and Competition
The federal government has launched one of the most ambitious scientific initiatives in decades, and it will redefine how companies develop technology, manage risk, and compete. The Genesis Mission, created by Executive Order and driven by the Department of Energy (“DOE”), is intended to accelerate scientific discovery through a national AI platform that links supercomputers, […]
Stablecoins and the GENIUS Act: How New Global Rules Are Reshaping Compliance
Stablecoins Leave the Grey Zone Stablecoins were supposed to be the “boring” part of crypto: digital dollars that just work. Yet for years they have lived in a regulatory no-man’s-land, classified one day as securities, the next as commodities, and sometimes as something regulators had not even named yet. That uncertainty is finally starting to […]
Don’t Overlook the Importance of Business License Management
If you operate a business without the proper license, you risk fines, insurance issues, reputational harm, and even business closure. Even innocent mistakes, like forgetting to renew a license, can have significant consequences, such as losing your lawsuit for payment of services that are unlicensed, which makes it imperative to have business license management procedures […]
Failing to Comply With NJ Rent Control Exemption May Prove Costly
What Developers Need to Know About New Jersey’s Rent Control Exemption Law to Ensure Entitlement to Exemption for Newly Constructed Multi-family Housing. A property owner in Jersey City is facing a $400 million federal class action lawsuit alleging that the landlord did not follow the procedural steps required to be eligible for exemption from local […]
Crypto Securities Law: When Tokens Become Investment Contracts
The application of traditional federal securities laws to crypto assets continues to evolve. In some cases, the Securities and Exchange Commission (SEC) considers tokens and other digital assets to be securities. This makes them subject to federal securities law, including the Securities Act of 1933 and the Securities Exchange Act of 1934. This classification has […]
The Due Diligence Process for NY Condominiums and Cooperatives
While the New York City real estate market can be extremely competitive, moving too quickly often backfires. Before purchasing a condominium or cooperative in New York City, it is important to do you homework. Purchasing property in NYC can involve a dizzying number of legal issues. These include condo and co-op rules, rent restrictions, and […]
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