It’s no secret that there has been growing pressure surrounding law firm succession planning. Are you panicking or proactively planning? Thomson Reuters as well as the American Bar Association (ABA)’s latest reports indicate that while the urgency of succession planning for law firms is increasing, many still struggle to prioritize it due to other immediate […]
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 […]