The Importance of Succession Planning for Attorneys

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 […]

Corporate Transparency Act – Upcoming Changes and Deadlines

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 […]

The Value of a Learning Organization: Empowering Team Members to Be Their Best

In today’s fast-paced world, the key to sustained success in any organization lies in its ability to learn, adapt, and grow. At Mavacy, we firmly believe that fostering a growth mindset with a learning organization is not just a strategy—it is a core value that drives everything we do. By prioritizing personal and professional development, […]

Your Most Valuable Asset In Life Is Not What You Think It Is 

You have gifts you don’t even think are gifts. “Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, vision cleared, ambition inspired, and success achieved.” — Helen Keller There is a debate Most people look at the world with a glass-half-empty mindset. They can’t see the […]

Navigating Legal Challenges: Proactive Steps for Small Business Success

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 […]

Taking Care of Small and Midsize Businesses

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, […]

Mavacy Mindset: Transforming Well-Being and Work-Life Balance at Mavacy

Behind the polished image of a successful attorney lies a demanding and often overwhelming reality. The legal profession, while rewarding, is fraught with unspoken challenges that can take a toll on well-being and work-life balance. From the relentless pressure to meet billable hours and the emotional weight of client issues to the long, unpredictable hours […]

The Impact of Artificial Intelligence on Attorney-Client Privilege: Current Legal Perspectives

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 […]

Film Distribution: Theatrical Windowing 

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. […]

Content Creators: Meet Instability AI

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 […]

Businessman receiving bad news

From Opinion to Effective Counsel: Ensuring Your Lawyer Delivers Results

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 […]

Conceptual image of individuality and different thinking

From Mavericks to Mainstream: How Unique Approaches Shape Industry Legacies

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 […]

Successful company with happy employees in modern office

The Distributed Law Firm: Enhancing Client Service and Workforce Satisfaction in the Digital Age

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 them […]

Understanding Equity Compensation: A Comprehensive Guide

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 […]

The Importance of Section 83(b) Elections for Startups and Founders

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 […]

Simplifying Fundraising Compliance: Key Rules for Privately Held Companies

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 […]

Crucial Role of Legal Assistance in Selling Your Business: Safeguarding Your Interests and Ensuring a Seamless Transition

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 […]

Dividing the Pie: Insights into Ownership Structures, Equity Allocation, and State-Specific Factors

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 […]

Delaware’s Annual Franchise Tax: A Guide to Calculating and Paying for Businesses

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 […]