Louis Lehot Medium Blog

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Looking out for everyone sometimes means going the extra mile. By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer These days, most entrepreneurs bring their companies to market for sale for one of three main reasons: It was a goal from the start to launch a business and sell it eventually; The venture has not been making any significant progress since its inception or; It is time to leave…
Incentivizing With Stock Options: What Your Startup Needs To Know About ISOs, NSOs And Other Parts Of The Alphabet Soup One of the most common questions executives of emerging companies face when issuing stock options is what type of option to issue. By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer At formation stage, a startup should adopt an equity incentive plan to pay service providers with equity and position…
By Louis Lehot, the founder of L2 Counsel, P.C. and the video blog series #askasiliconvalleylawyer What is a merger, reverse-merger, acquisition, stock purchase or asset sale? Picking the right transaction structure can make or break your return. There will always be a variety of reasons driving if and when to sell your business. On the one hand, things may not be going as well as you thought, and it’s time to consider options. On the…
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…