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 […]
Let’s face it – business isn’t just about strategy and execution. It’s about people. And when you’re building something alongside other co-founders, partners, or investors, hard conversations aren’t optional. They’re inevitable. At Mavacy, we work with entrepreneurs who are bold, visionary, and growth-driven. But we’ve learned that no matter how smart or strategic you are, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]