How to Sell a BusinessOn a long enough timescale, almost every entrepreneur considers selling their business. The reasons for wanting to liquidate your stake in your company vary, and include: desiring to focus on another venture, receiving interest from a potential buyer, and preparing for retirement. Whatever the reason, it...
Why Incorporate In DelawareAre you a founder planning on building a fast-growth startup that may seek investment capital from professional investors, such as angel investors or venture capitalists? If so, strongly consider forming a Delaware C Corporation. If not, then be more hesitant. Forming a Delaware C Corporation is not a one-size-fits-all...
Foreign Qualification of a Business (Part 2 of 2)In my prior post on foreign qualification, I covered some of the basics of a company’s legal obligation to register for foreign qualification in a state. In this post, I will take a deeper dive into the original purpose of foreign qualification...
What Is A Private Placement?Working with investors to generate capital is key to the success of many companies and businesses. When raising capital for your business, you may consider offering private placements to potential investors, but first you must understand what private placements are and how they work. A private placement is...
Marijuana Trademarks (Registering a Cannabis-Related Mark with the USPTO)Medical marijuana is currently allowed in at least half of the states and the District of Columbia. Of those, four states and the District of Columbia allow marijuana for recreational use, and it is projected that marijuana initiatives will appear on the ballots of at...
Obtaining Foreign Business Qualification in a State (Part 1 of 2)Each state imposes an obligation on companies formed in a different state to obtain approval from the state to conduct business within its borders. This approval is typically obtained by filing for “foreign qualification” (also known as a certificate of...
Startup companies often need to raise capital from outside investors to continue growing, and to get to the point where they can self-sustain. A typical startup will go through a series of stages in raising funds for its growth. The company will initially be funded by its founders. Next, the company will...
Employer Identification Number ("EIN")Every corporation, partnership or other business with employees must apply for, and obtain, an Employer Identification Number ("EIN") from the IRS. An EIN serves as the Federal Tax Identification Number for the business, and it must be used by the business when opening any accounts, and in connection...