latest thinking

Business Entity Conversion: Legal Process Overview

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As your business grows or changes, a new legal structure may become a better fit than its current structure. For example, you may want to change from a limited liability company (LLC) to a corporation for funding purposes, or from a corporation to an LLC for tax purposes. This is called business entity conversion. It […]

How To Handle Breach Of Contract In Your Business

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Contracts are extremely helpful to have when working with clients, vendors, contractors, and other partners, as they help keep expectations clear for everyone involved. However, even with a well-written contract in place, a breach of contract can still occur. When this happens, your next steps can influence whether the issue is quickly resolved or opens […]

What Should Go In A Founders’ Equity Agreement?

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When starting a company with co-founders, a founders’ equity agreement is crucial to providing a clear roadmap for navigating a growing, changing business. The agreement defines roles, responsibilities, how equity will be split, decision-making authority, and more. This helps keep all founders on the same page and encourages stability within the company. Let’s take a […]

When To Use Convertible Notes In Business Funding

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When your company is still in the early stages, securing funding can be a big challenge. While equity financing can be helpful later on, simpler and more flexible options may be a better fit during early fundraising. Take convertible notes, for example. Convertible notes can be a great way to bridge the gap between debt […]

Key Clauses In Manufacturing And Supply Agreements

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When your business relies on other companies to manufacture or supply goods, it’s crucial to have manufacturing and supply agreements in place. These contracts outline who owns the product designs, how products will be made, payment terms, and other production information. By writing detailed agreements, you can help ensure each party understands the rules they […]

Understanding Drag-Along And Tag-Along Rights

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When investors are interested in doing business together, it’s important everyone knows their rights and obligations. This includes agreeing on drag-along rights and tag-along rights. These clauses outline actions that minority shareholders and majority shareholders can and cannot take during the sale of or exit from a company, and are typically included in shareholder agreements, […]

What Are The Legal Risks Of Equity Crowdfunding?

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Equity crowdfunding has created new opportunities for startups and small businesses to raise money. Instead of relying solely on angel investors or venture capitalists, businesses can access capital from a wider pool of people (including both accredited and non-accredited investors) in exchange for an ownership stake in the company. While this is an exciting option, […]

Legal Counsel For Manufacturing Business Ohio

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Manufacturing businesses play an important role in the local and national economy. However, these companies can face a wide range of challenges, like negotiating contracts, complying with regulations, facing labor disputes, and other legal issues. Working with a lawyer can help you avoid costly mistakes, protect your bottom line, and grow your company. Let’s take […]

Do I Need A Business Attorney For Vendor Contracts?

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If you’re responsible for operating or managing a business, there’s a good chance you’ll work with vendors at some point. This can be a great way to access goods and services that will support your business’s growth and success. To help ensure these business relationships are positive experiences, vendor contracts are crucial. These agreements, while […]

How To Structure A Business Joint Venture Legally

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Collaboration can be a great way for multiple businesses to help each other reach shared goals. Through a business joint venture (JV), two or more businesses can pool their resources, knowledge, and market access to support each other’s growth. Business joint ventures can help businesses enter a new market, develop a new product, and improve […]

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