One of the early defining moments in the life of a startup is choosing a name. It’s generally the first thing the public knows about you – your first business “pitch” when you really think about it. And it serves as the centerpiece of your brand, so it’s important that you select something that you’re…
In the last few years, two important shifts have happened in the local and national securities space that make it easier for companies to take part in pitch events without fear. The one that has garnered the most attention operates at the federal level. The JOBS Act, passed on April 5, 2012, has now made it…
Now, in Georgia and a growing number of states, so long as a company is planning to keep a securities offering local (with all investors –both accredited and non-accredited – coming from the same state in which the company is formed), a company can freely pitch an investment offering to anyone, as long as the…
A business thinking through the best way to sell a successful equity crowdfunding campaign should remember these two important points: If you are interested in more detail related to your specific situation it is best to speak with an attorney. Schedule a consultation with a Founders Legal Intellectual Property attorney
Founder disputes are one of the most common risks to a young company, but it doesn’t have to be that way. Whether it is a disagreement over a core issue or the waning interest some experience along the startup road, most companies face turnover in their early days, with key players rotating in and out….
How Do I Form My Entity in Georgia? The following are general, step-by-step instructions on properly forming your Company (Business Entity) in Georgia. If you have any questions through out the guide please feel free to contact SmartUp. Consult with an Attorney for Free REQUIRED ITEMS: 1.) Company Name. Decide on the Entity’s Name Consider the following…
Understanding The Paycheck Protection Program and Business Eligibility With so many companies’ runways depleting in these unprecedented times, many companies are seeking relief through the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). One attractive program falling within the U.S. Small Business Administration’s (SBA’s) Section 7(a) loan program is called the Paycheck Protection…
An SLA is a document accompanying a technology or vendor agreement that defines the service expectations for the offering. The SLA may contain provisions on product and service support, response times, uptime guarantees, and system availability during scheduled maintenance or upgrading (if applicable). Paired with these expectations are provisions detailing what happens in the event a service level is not met. For example, a customer may be entitled to service credits or other remedies if there is an outage lasting longer than what is permissible under the SLA.
Breaking: Texas Judge Blocks Proposed 2016 DOL Overtime Law On November 23, 2016, a federal Judge in Texas issued an order temporarily barring the Department of Labor (“DOL”) from enforcing its much-publicized new overtime rule, just over one week before the rule’s December 1 effective date. As explained HERE, the new rule would have represented…
In forming a company with more than one owner, a question that typically comes up is, “how do I structure my relationship with my partners?” or “What are the different forms of business ownership and organization?” The concern is usually about making things fair when partners contribute different things in return for their stake in…
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