Startup GC Business Law Insights, published by Business Law Seminar Group, LLC, focuses on legal issues relevant to entrepreneurs, startup founders, investors, and business attorneys. The blog covers topics such as corporate governance, liability risks for officers and directors, startup board roles, securities law compliance, patent and intellectual property strategies, and best practices for entity formation and management. It addresses practical concerns like avoiding personal liability, managing startup boards, launching patent programs, and navigating fundraising and incorporation choices. The content is tailored to the challenges faced by early-stage companies and their advisors, emphasizing legal frameworks and risk management in the startup ecosystem.
There are many reasons for forming a corporation or an LLC rather than conducting business without a legal entity. Avoiding personal liability tops the list.
But these protections have limits under Delaware (DE) law. Owners, officers, and directors can be…
Avoiding Liability as an Officer, Director or Business Owner
There are myriad reasons for forming a corporation or an LLC rather than conducting business sans a legal entity, but one of the more familiar reasons is avoiding personal liability.
But…
Joining your first startup board as a VC or other investor designee is a big thrill!
You are joining a team you’ve invested in and you are excited to help them build something new and innovative!
But startups are known…
Is your company patenting its patentable inventions? If not, others can file patent applications right on top of your core innovations and potentially block your company from using them.
The U.S. changed from a “first-to-invent” jurisdiction to a “first-inventor-to-file” jurisdiction…
This article explains the pros and cons of starting a new biz as a limited liability company or as a corporation.
Despite what a famous business personality keeps saying, an LLC is NOT ALWAYS the best form of incorporation.
Spoiler…
As you might guess from this old picture from my days in the SEC’s Enforcement and Corporation Finance divisions, I’ve been thinking about these issues for a few years….
Before we dive in, remember that it’s “securities law, ” not…
The rise of startup culture and ecosystems has driven a proliferation of individuals holding themselves out as startup advisors. Many of these folks have at least some experience as founders themselves or as investors.
As should be expected, some startup…
I took the “admin law” class in law school. It was deadly dull and the professor failed to breathe any life into it.
But suddenly in 2024, admin law is very much alive. It’s now the hot area of law…
The Delaware General Assembly is about to change the Delaware General Corporation Law (DGCL) as soon as June 30 of this year in ways that could diminsh Delaware’s status as the go-to state for incorporation.
The proposed amendments to Section…
Joining a startup? Get your stock options right! Here’s what to know about grant sizes, vesting, cliffs, exercise price, and the ISO v. NSO dichotomy, plus advanced asks around accelerated vesting, cashless exercise, future retention grants, extended post-termination exercise rights,…
