At Mavacy, we believe legal counsel should not only protect your business but be a powerful tool to drive your growth and success. Navigating venture capital funding is a defining moment for any entrepreneur, and it all starts with one critical document: the term sheet. Let’s dive into how understanding and negotiating your term sheet […]
At Mavacy, the concept of culture transcends mere rhetoric or a collection of aspirational statements displayed on a wall. We firmly believe that a truly impactful culture is not something that is merely talked about; it is something that is actively and consistently lived, breathed, and demonstrated in every action, decision, and interaction. This conviction […]
In recent weeks, the legal world has been on fire. Major law firms are suing the government. Presidential executive orders are targeting firms that previously opposed the administration. Some of the biggest names in Big Law are being forced to choose: stand on principle or protect their profits. It’s a legal power struggle playing out […]
As a founder, small business owner, or family enterprise leader, you face more legal complexity than ever, and fewer clear answers on how to manage it without burning time, money, or momentum. You don’t need a full-time legal department.You don’t want another surprise bill from outside counsel.You just want someone in your corner who understands […]
The assertion that Mavacy is “Not Just a Firm. It’s a Movement” serves as a powerful and definitive capstone to our identity, articulating an ambition that transcends the conventional boundaries of a traditional legal practice. This statement is not a mere flourish of rhetoric; it is a profound declaration of our purpose and our intended […]
Far too often, cofounders skip the hard conversations at the start. Everyone’s excited, optimistic, and focused on building. But then life happens. Pressure mounts. People change. And without the right structure in place, things can fall apart fast. If you want to build a business that lasts, you must sit down and have the foundational […]
Share the Post: In today’s legal landscape, one of the most overlooked aspects of effective representation is communication, particularly how lawyers engage over email. As a lawyer, I’ve witnessed far too many professionals default to overly aggressive or emotionally disconnected communication styles, especially when hiding behind a screen. What’s often brushed off as “zealous advocacy” […]
Share the Post: At Mavacy, we’ve seen it far too often: businesses filled with passion, vision, and momentum, brought to a grinding halt, not because of bad ideas, but because of preventable legal issues. Here’s the uncomfortable truth: Legal mistakes don’t happen in courtrooms. They happen in the everyday operations of your business: In your […]
Share the Post: At Mavacy, we believe in being intentional. Execution is not just about doing the work – it’s about doing the right work that creates the outcomes we desire. In the legal profession, we’re not just selling hours – we’re building relationships, solving problems, and delivering value. And yet, there’s a very real […]
As an entrepreneur and attorney who has had the privilege of advising hundreds of startups, scaling companies, and visionary founders, I can tell you with confidence: you can build the best product, land major clients, and still have it all unravel – because you didn’t put the right legal structure in place. Let’s talk about […]
In both life and business, emotions are unavoidable. We feel excitement, frustration, joy, fear, and everything in between. But while emotions can drive us forward, they can just as easily derail execution if not managed properly. The difference between letting emotions control you and harnessing emotions to fuel execution is what separates high achievers from […]
Excellence in client service isn’t about grand gestures or sweeping changes. It’s about the small, consistent improvements that add up over time. At Mavacy, we believe in a growth mindset, always learning, always improving. The best businesses don’t wait for perfection. They focus on progress, on showing up just a little better each day. That’s […]
As many of you know, Michigan’s Earned Sick Time Act (ESTA) is set to take effect on February 21, 2025. This law mandates sick leave benefits for employees, creating new obligations for businesses across the state. However, growing concerns about the impact of ESTA have prompted the Michigan House and Senate to introduce bills aimed […]
Some of you may have heard that data is the new currency. If not, don’t get caught up on it. The real game-changer in today’s world? Speed. Speed is the world’s new currency. It makes complete sense—time is limited, and if you don’t move fast, someone else will. Whether in business or running a household, the […]
Successful business owners want to ensure that their money goes to the right people when they pass away. The process of determining who will receive your property and money one you pass is called estateplanning. Estate planning is especially important for wealthy people to avoid having their passed-down property be subject to excessive taxation. Let’s […]
We all have dreams and aspiration, the things we want to accomplish in life. But let’s face it: having a vague idea of what you want is not enough. If you’re serious about transforming your life and achieving success, it’s not just about having goals. It’s about writing them down and taking massive, focused action. […]
In the fast-paced world of legal practice, time is one of the most valuable resources—for both clients and the attorneys who serve them. Yet even the most well-intentioned legal professionals can fall prey to Parkinson’s Law: “Work expands to fill the time available for its completion.” This isn’t just a theoretical concept; it has real-world […]
With Michigan contemplating reentry into the film and media production incentive landscape, it seems like a good time to visit the issue of production incentives. Michigan lawmakers have introduced the Multimedia Jobs Act (House Bills 4907 and 4908), a program designed to attract productions back to the state while capturing more of the benefits in […]
Change is a constant in both our personal and professional lives. Whether it’s adapting to new technology, tackling unfamiliar tasks, or navigating shifting industry landscapes, stepping outside your comfort zone often sparks the most significant growth. Embracing change is not just about adapting to the world around us, but about taking an active role in […]
Imagine this: A complex machine at a factory breaks down, and none of the workers can fix it. After countless failed attempts, they call in a highly recommended expert. The expert, with years of experience, calmly walks around the machine, evaluates it, and eventually taps a precise spot. Boom—the machine is up and running again. […]
In the whirlwind of running a business, it’s easy to overlook some of the more mundane aspects of operations—contracts being one of them. Yet, contracts are foundational to business success and stability. A well-negotiated and carefully drafted contract clarifies relationships, expectations, and protects your business from significant risks. Conversely, a poorly constructed contract or oral […]
As trusted attorneys, we regularly help our clients with strategic planning and growth. Yet many times we neglect long-term business planning in our own professional lives, even though we should apply the same foresight to our practices. While we are dedicated to servicing our clients and ensuring their success, it’s equally important to prepare for […]
To the average moviegoer, credits may seem like a simple list of names scrolling at the beginning or end of a film—something to skip or ignore. However, for curious fans and industry insiders, they are much more impactful. Credits serve as career markers, signaling the contributions of the individuals behind the scenes and the relative […]
As a follow up to our blog post entitled “Corporate Transparency Act Overview” on July 18, 2024, today’s post focuses on some specifics about the Corporate Transparency Act that business owners will need to know as we enter into the final quarter of 2024. Changes to Due Date for Initial Report for New Business […]
We’ve all heard the phrase, “What we focus on expands.” But how often do we pause and really internalize what that means for our lives? Think about it: What you consistently focus on shapes your thoughts, beliefs, and ultimately your reality. If you focus on problems, you’ll find more problems. But if you focus on […]
Launching a small business is like piloting a spaceship through an asteroid field of legal complexities. Let’s crunch some numbers: SBA data shows a 50% annual legal issue rate for small businesses. Visualize that as one in every two businesses you see. Zoom out globally, and the picture’s even more startling: small businesses shoulder a […]
Small and midsize businesses (SMBs) often face unique challenges that larger corporations can manage more easily due to their extensive resources. For SMBs, finding effective legal support is crucial but can be daunting without an in-house legal team. That’s where Mavacy comes in—offering tailored legal solutions that empower SMBs to tackle their legal needs confidently, […]
While the integration of artificial intelligence (“AI”) note-taking tools into legal practices promises enhanced efficiency and accuracy, it also brings forth significant legal and ethical challenges that must be addressed. Central to these concerns are the preservation of attorney-client privilege, data security, and compliance with privacy regulations. Here, we explore these concerns, and the existing […]
In the 1950s, theaters were more than just venues for watching movies—they were cultural landmarks where people gathered to engage with the narratives shaping society. The exclusivity of the theatrical experience – at a time where television was the only real alternative medium (and secondary market for films) – ensured the cultural significance of theaters. […]
Generative Artificial Intelligence is quickly becoming the most transformative force in media and entertainment since the advent of broadband Internet. Content creators now find themselves in an era where the pace of technological innovation is running laps around a legal system that has always struggled to keep up, creating a dynamic and precarious landscape for […]
As a business owner, you rely on your lawyer for sound advice on various legal and business matters. However, may be instances when the guidance you receive falls short of your expectations. It’s crucial to distinguish between a a misinformed opinion and potential malpractice. Here’s how to distinguish between well-intentioned guidance and a genuine lapse […]
Defining Legacy What do you want to be remembered for? At Mavacy, we believe a legacy is more than just a footnote in history—it’s the enduring influence or contribution you leave behind. It’s your indelible mark on the world, shaping the future through your innovative actions, decisions, and approaches that set you apart from the […]
Embracing the Distributed Model in the Legal Industry: How It Works and Its Benefits Traditionally known for its buttoned-up and centralized ways, the legal industry is undergoing a much-needed shake-up by adopting the distributed work model. This game-changing approach leverages technology to free lawyers and legal staff from the confines of a single office, allowing […]
The Origin of the Maverick The term “maverick” originates in the 19th century and is linked to Samuel Maverick, a Texas rancher known for his unorthodox approach to cattle ranching. Maverick did not brand his cattle, unlike his contemporaries, which was essential for identifying ownership. His refusal to conform to this standard made his cattle […]
Share the Post: In an ever-evolving legal landscape, law firms are discovering that success is not solely defined by the cases they win or the revenue they generate. The foundation of a thriving law firm often lies in its core values—guiding principles that influence the firm’s culture, decision-making, and relationships. In this article, we explore […]
Stephen R. Covey’s book, “The 7 Habits of Highly Effective People,” stands as one of the most influential self-help guides for professionals. These habits extend beyond personal development into the professional realm, proving especially beneficial for service providers like lawyers. By embracing these habits, lawyers can elevate their careers and enhance the services they offer […]
In today’s busy world, finding ways to be more productive, happier, and less stressed is crucial. The power of routines and daily habits can change your life. Here’s how – Boosting Productivity Making Tasks Easier: Think of your brain as a machine that works best with routines. When tasks become habits, they require less […]
As attorneys, we dedicate our careers to serving our clients, upholding justice, and ensuring that the rule of law prevails. However, we must also prepare for the inevitable transitions in our professional lives. Unfortunately, so many attorneys fail to think about this – similar to the proverbial tale of the cobblers kid’s shoes being the […]
This article is part of a series of articles regarding the Corporate Transparency Act (“CTA”). You may have recently heard a lot about the CTA, this article highlights some of the frequently asked questions we receive regarding the CTA. What is the CTA? In 2020, Congress passed the Corporate Transparency Act (“CTA”). Under the CTA, […]
In the world of law, the image of the high-powered attorney effortlessly juggling cases while living a life of luxury is a common trope. However, the reality is far less glamorous. The practice of law is often grueling, taking a heavy toll on lawyers’ well-being and, consequently, the quality of service they provide to their […]
The S Corporation, commonly known as an S Corp, stands out as a business structure that combines the advantages of pass-through taxation with the liability protection inherent in a corporation. In this article, we’ll delve into what defines an S Corporation, explore its constraints, and highlight scenarios where opting for an S Corp might be […]
Raising capital, often overlooked yet pivotal for businesses, involves navigating a landscape governed by securities regulations. Within this realm, the term “blue sky filings” holds significant weight, especially for companies intending to offer securities to the public. Understanding what these filings entail, their criticality, and the consequences of delayed submissions is paramount for businesses. Decoding […]
Raising capital is a pivotal step for many businesses, particularly startups and early-stage companies. However, navigating the complexities of capital raising, especially under regulatory frameworks like Rule 506 of the United States Securities Act of 1933, demands careful attention from founders. Let’s delve into Rule 506 and underscore the significance of proper securities filing for […]
Starting a business is an exciting venture and forming a Limited Liability Company (LLC) is one of the most popular ways to structure a business. An LLC offers a blend of liability protection, flexibility, and tax advantages, making it an attractive option for entrepreneurs. However, setting up an LLC requires careful consideration of various factors […]
Understanding Equity Compensation: A Comprehensive Guide Ever wondered how you could become a part-owner of the company you work for? Equity compensation might be your answer! Particularly prevalent in the technology and startup sectors, equity compensation is a key component of many employment agreements. What is Equity Compensation? Equity compensation involves granting ownership […]
Navigating Equity Grants and Section 83(b) Elections for Startups When launching a business, it is common for founders and employees to receive equity grants and stock options as part of their compensation packages. These equity incentives allow recipients to share in the company’s growth and success. However, understanding the tax implications of equity grants and […]
For privately held companies, raising capital is a crucial step towards achieving growth, expanding operations, and meeting long-term goals. However, this process can be fraught with challenges and regulatory complexities. In this article, we delve into the critical factors influencing a privately held company’s fundraising efforts and the guidelines for compensating individuals who assist in […]
Are you thinking about selling your business? Deciding to part with a company you’ve nurtured and built over the years is a significant decision. Whether you’re a seasoned entrepreneur ready for retirement or a business owner seeking new opportunities, selling a business requires careful consideration and expert guidance. While you may excel at running your […]
When founding or joining a company, grasping the complexities of ownership structure, equity allocation, and the implications of ownership changes is essential. Defining the Ownership Structure The initial step in any business venture is establishing the ownership structure. This framework determines how the company will be governed and who will hold control. Each ownership […]
Why Many Startups Choose Delaware for Incorporation Many startups are encouraged to incorporate in Delaware due to the state’s well-established corporate laws and renowned court system specializing in corporate matters. Additionally, Delaware does not levy a state income tax on corporations that are incorporated but not conducting business within its borders. However, this does not […]