“If I just want to raise some seed capital from friends, I don’t have to worry about any legal issues, right?” Ah, if only life (and the law) were that simple. In the recent edition of goodnews, goodcounsel’s newsletter, we discussed what you need to think about when you think about taking investment capital from […]
Was that the goodcounsel logo on the back of that dude’s bike shorts? Yes it was. I’ve previously written about why everyone should hire lawyers that ride their bikes to work. So perhaps it won’t come as a surprise that goodcounsel is now a proud sponsor of the Play It Again Sports amateur cycling team, […]
In goodnews, goodcounsel’s highly occasional newsletter, I explained how early-stage companies that are set up as LLC’s can use “profits interests” instead of conventional options as a tax-advantaged way to offer employees incentive equity. There are some associated downsides and hassles, however. Read the article here.
Take a look at the section below, from a contract a client gave me to review today. What is wrong with this picture? Found it yet? It’s at the end, where the words say “One Hundred Seventy Five Thousand Dollars” and the numerals say “$100,000.” Notice that this is not a small-change mistake. It potentially means […]
For those who do not receive goodnews by e-mail, you can view all editions online here. Of course, it’s just easier to become a subscriber.
I would like to use Facebook more. Without a doubt, there is great utility in a social platform that everyone is on, can be used as a universal identity for logging in or commenting on other sites, etc. But because of their customer-unfriendly privacy practices, I use it rarely and with great caution. I know there […]
After “should I form a corporation or a LLC?” this is probably the question I get asked most often. I thought I’d to try to offer a quick, simple overview, with a few links for those with an interest in the gory detail. Here goes. This is general information, not legal advice, capisce? (Duh.) For the […]
I know it’s not front-page news that big law firms charge big fees. I should know; I worked at a couple of them. Still, I’ve been out of that world for a long time now, and one forgets. So, without naming any names, here’s a story: A startup client of mine recently secured a significant […]
I have young children, so I’ve been frequenting playgrounds over the last 8 years or so. I’ve noticed, during this time, that there’s an incredible degree of sameness to them. Something has homogenized our playgrounds. They are almost uniformly boring. One example: I noticed that a staple of the playgrounds of my youth, the see-saw, […]
Among the benefits of leading a small legal practice is that it keeps all of the relationships close and manageable. I know my clients well, and I serve them directly (not via associates, paralegals or other intermediaries). Larger law firms are, well, larger. This means that there are dozens, if not hundreds, of people affiliated […]