Archive | Small Business

Unpaid Interns

Arrangements between “for profit” companies and unpaid interns can lead to rewarding experiences for both parties. Interns benefit by receiving valuable real-world experience, mentorship, and connections. Companies get the opportunity to give back to students and help strengthen their industry. However, unpaid internships are not without issues and the legal landscape is shifting to require […]

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It May be Time Revisit Your Employee Handbook

I didn’t foresee the day when words like “disrespectful, rude, disruptive or inappropriate” when used in an Employee Handbook would potentially land a business in hot water with the National Labor Relations Board (NLRB). The “what?” you say. The NLRB is the federal government agency charged with enforcing provisions of the National Labor Relations Act […]

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Boilerplate: Understanding those Miscellaneous Terms at the End of Every Contract

Have you ever had the experience of trying to read a contract while the person waiting for you to sign dismissively tells you those terms on the last couple pages are just boilerplate, as though they aren’t very important to the agreement? While that may be the common understanding, it just isn’t the case. Boilerplate […]

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501(c)(3) Application process has been simplified for certain entities.

Update: The early returns are in, and the Form 1023-EZ appears to be significantly speeding up the approval process for tax-exempt status. The average age of pending applications has decreased to approximately two months (at the time of the initial post, it was approximately nine months). Indeed, we have seen an organization receive approval of […]

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Fixed Fee Legal

Fixed Fee Legal: How general counsels are creating value beyond the billable hour We all know that the business of law is changing. Since the economic decline of 2008, firms nationwide have had to find new ways to control costs and drive value. In this environment, fixed fee legal arrangements have become a key player. […]

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Securities – Revenue Capital Investing

Securities Law – Revenue Capital Investing Many companies in need of growth capital have grown beyond the traditional equity investment phase, but are still not the correct bank-profile fit for straight debt. In addition, some companies are not prime exit-scenario candidates, which can also limit their ability to raise venture funding. Similarly, some investors prefer to […]

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What is a security?

You probably already know that the sale of “securities” triggers legal risks and compliance obligations, but many entrepreneurs and business owners are a little fuzzy on the precise definition of a “security.” Most know that any sale of corporate stock counts as the sale of securities, but the statutory definition is actually much broader. The […]

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