How to Split Up Equity Among Co-Founders (and Why You Should Care)

You started a company with a couple of your good friends. Some have put in more money or time than others, but you feel like you can trust each…


Dividends — Who Cares?

When a startup seeks financing, at some point the topic of dividends may come up. It seems everyone has heard of dividends, but who really cares…


Beware the Cap Table

So you founded your own company, congratulations! You came up with a great idea, built a team, and built a product. You are going to take over the…


Buy-Sell Agreements: Why Every Business Needs One

A buy-sell agreement is a necessity for any co-owned startup business. Most entrepreneurs don’t spend a lot of time thinking about their eventual…


When Should a Business Incorporate?

Although this is a complex question, thinking about it sooner rather than later may help the startup survive cofounder conflicts such as equity…


Re-allocating Equity in Your Startup

Founders often have to revisit their equity division once they begin operating their company and see the actual value that each is providing. We have…


LLC Formation: Why Filing Your Articles is Not Enough

While merely filing Articles of Organization might be sufficient to establish an LLC, several important documents are required to properly organize…


Books for Entrepreneurs and Their Attorneys

We are often asked at the Entrepreneurship Clinic about good books for those starting their own companies and for attorneys aspiring to be…


Startup Legal Lessons from the Biography of Steve Jobs (Part 5)

Walter Isaacson's bestselling biography of Steve Jobs touches upon numerous legal issues common to startups. This is part 5 of our series on startup…


Startup Legal Lessons from the Biography of Steve Jobs (Part 2)

Walter Isaacson's bestselling biography of Steve Jobs touches upon numerous legal issues common to startups. With the movie "Jobs" opening in…