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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]