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Louis Lehot, the founder of L2 Counsel In the technology industry, whether in Cupertino or elsewhere in the Global Silicon Valley, the competition for the top talent required to grow to scale can be fierce. For decades, there have not been nearly enough STEM graduates to fill open spots. The road from #garage2global is tortuous, and a key ingredient to becoming #bigtech faster than the next #startup is hiring engineers. For #bigtech companies to stay…
By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer Stock options are how cash-starved tech and life sciences companies large and small can most easily recruit and retain talent. Stock options are also a great tool for bigtech and bigpharma companies to align the optionee’s interest with the business. Even if you are excited to start a new chapter of your career, leaving a job is a stressful…
By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer Stock options are how cash-starved tech and life sciences companies large and small can most easily recruit and retain talent. Stock options are also a great tool for bigtech and bigpharma companies to align the optionee’s interest with the business. Even if you are excited to start a new chapter of your career, leaving a job is a stressful…
Louis Lehot, the founder of L2 Counsel Labor and employment law compliance can cause significant problems for businesses, no matter their size, and there is no de minimis exception for startups. Like death and taxes, changes in labor and employment laws in every jurisdiction are the only constant. While keeping abreast of these rapidly evolving rules has always presented a management challenge, in the era of global pandemics and what comes after, compliance has a…
Louis Lehot, the founder of L2 Counsel Serving as outside general counsel and business lawyer to over a hundred emerging private growth companies from formation to liquidity. Clients engage with me at creation and even through the course of their business life cycle. In today’s environment, where startups are managed leanly with minimal cash and founders increasingly handling their own legal, accounting, and fundraising efforts, it is not surprising that shortcuts are taken and corporate formalities…
Calculating And Paying Delaware Franchise Taxes — Startups Need Not Panic By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer Have you recently received a letter from the State of Delaware stating that your startup owes thousands of dollars in franchise tax? Do not panic! All Delaware corporations are required to pay an annual franchise tax to the state, even if your business is not a franchise. There are two methods for…
Amidst a global pandemic, why are so many companies rushing to go public via the SPAC, despite producing lower returns for investors? By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer In recent years, the world has seen a gold rush of private companies rushing to go-public via a reverse merger with a special purpose acquisition corporation, or “SPAC.” This article will attempt to answer why. We will…
Dealing during the Crisis: What to expect for M&A and How to get deals done in the Second Half of 2020 By Louis Lehot, the founder of L2 Counsel, P.C. M&A deals during Q2 2020 mirrored the trajectory of Acapulco cliff divers plummeting to the sea. Global M&A by value fell to $318.6B in Q2 2020, a low not seen in 17 years. Mergers and acquisitions can be difficult in any economic environment, but they are…
By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer, and Ethan Floyd, consulting attorney at L2 Counsel Have you ever wanted to invest in a startup, a business, a fund or a real estate project, and been turned down because you were told that you did not qualify as an “accredited investor”? Have you ever tried to raise funds for an entity and been advised by counsel…
Louis Lehot||Dealing during the Crisis: What to expect for M&A and How to get deals done in the Second Half of 2020 By Louis Lehot, the founder of L2 Counsel, P.C. M&A deals during Q2 2020 mirrored the trajectory of Acapulco cliff divers plummeting to the sea. Global M&A by value fell to $318.6B in Q2 2020, a low not seen in 17 years. Mergers and acquisitions can be difficult in any economic environment, but they…