Create a Stock Option Plan If a company wants to incentivize employees or outside contractors to help the company grow, it should create a stock option plan (also known as an equity incentive plan). A stock option plan allows a company to give its employees or contractors stock options in the...
Learn how to move your company to Oregon through a merger or conversion. Portland, Oregon business lawyers help companies operate in Oregon....
How To Dissolve A Company*Many articles are written about startups and how to launch a company. Far fewer articles are written about how to close down a company, even though that part of a company's lifecycle is nearly inevitable: if a company isn't eventually sold or acquired, at some point in its...
Common Oregon LLC ErrorsWe often meet with entrepreneurs and business owners who, on their own, have formed their Oregon company, but who have lingering questions. Since these clients ask similar questions, we figured an article answering the most common questions and addressing the most commonly missed issues would be helpful. The...
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...
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...
What Is A Consent Resolution?Whether a company is an LLC or a Corporation, its owners regularly will need to make decisions on behalf of the company. Those decisions fall under two general categories: 1) day-to-day decisions; and 2) significant decisions. Day-to-day decisions, such as ordering supplies and equipment, paying the company's regular...
Five Common LLC Legal MistakesIt's very easy these days to find a company online to help you quickly "start a company," and the most popular type of company is the limited liability company ("LLC"). Unfortunately, most people who use the services of an on-line filing company fall prey to some of...