Crowdfunding 101 The concept of raising large amounts of money for popular causes through small dollar-value subscriptions is almost as old as the U.S. itself. Crowdfunding using Internet platforms currently is limited to two basic types: donation or reward-based. Through forums such as Kickstarter, modern…

Much has been written about the potential of new, equity crowdfunding in the United States to double the impressive amounts already raised by businesses this year using existing platforms for donation or reward-based crowdfunding. Strictures in U.S. federal laws, until now, prevented American small businesses…

Recently, I read an article at Entrepreneur.com called, “3 Agreement Types Every Entrepreneur Needs.” The article was written by an attorney now working for LegalZoom. As we might expect, it focused on the form agreements one would need when starting a business with the author…

In a recent article in the ABA Journal, law firm consultant Bruce MacEwen opines that attorneys in major law firms can never be entrepreneurial. “Lawyers’ desire for current income is ‘totally incompatible with being an entrepreneur,’ Mac Ewen says. ‘If really you’re going to be…

No matter whether you are a limited partner, a member of a limited liability company, or a shareholder in a small corporation, breaking up is hard to do.  When it comes time to split from your soon-to-be ex-business partners, however, the following are a few…

Have you ever been advised that you should “form an s-corp” for business tax purposes even though you really want to take advantage of the superior liability protection and ease of administration of a limited liability company (“L.L.C.”)?  This is a common apparent dilemma many…