What is a contract? A contract is a legally enforceable promise or set of promises. Entrepreneurs should know that an agreement does not need to be drafted by a lawyer or contain fancy words like “whereas” or “witnesseth” for a…
Choosing the right financing structure is a critical choice for founders. Some begin with their life savings, others run a crowdfunding campaign, and, those eligible, often opt for a traditional loan. Other popular financing options include convertible notes, equity financing,…
Convertible note financing enables a business to quickly raise capital without negotiating a valuation for the company. In exchange for their investment, investors receive a convertible promissory note that will convert into stock at a future date with a share…
You work nine to five and six to midnight. It is very common for rising entrepreneurs to work their day jobs and grind away on their ideas at night. This strategy is called “moonlighting”, and occurs when an entrepreneur is…
In the early stages of your startup? Bootstrapping cash? Need extra hands on deck? If all of the above are true, you’ve likely considered hiring an unpaid intern, but have you considered the legal consequences of misclassification or what to…