Stock options are a standard feature in nearly every startup and early-stage company. They’re a fantastic tool for recruiting and employee retention while aligning the interests of employees and the company. However, when it comes to granting options, there are simple mistakes companies can make which could haunt them for years to come, potentially impacting […]
Anyone launching a startup has no idea if it will survive a few months—much less succeed—so it isn’t surprising that many end up ignoring potential legal pitfalls. However, with just a little forethought, you can spare yourself some unnecessary grief–particularly when it comes to these five common legal mistakes. 1. No Formal Agreement Between Founders […]
Editor’s note: In-house attorneys are often abundantly qualified to be board members, but often they are overlooked as such. In the edited letter below, John Kahle, vice president, general counsel, secretary and chief compliance officer for Kimball Electronics, a maker of electronics for many industries, wonders why this is. As with many corporate attorneys, Kahle […]
Is your Corporation Shareholder/Buy-Sell or Limited Liability Company Operating/Partnership Agreement up to date? Does it still reflect what you would want to have happen upon the occurrence of a certain event? Successful business owners know firsthand that the businesses they run today rarely resemble the businesses they originally started. Successful business owners know firsthand that […]
