Should you find yourself in the position of raising capital for a private fund, you should become familiar with a very common, yet often misunderstood, tool of this particular trade: the side letter. It’s a deceptively simple name for what can be a sophisticated and nuanced way to secure individual investors on their terms. Private...
If you incorporate as a business in Florida, one of the things you must do in order to keep your corporation valid (and to avoid personal liability for the company) is to meet with your shareholders. Shareholder meetings are often perceived as giant and almost ostentatious affairs with large ballrooms filled with eager shareholders. Luckily...
Last month I was lucky enough, along with just 10 other people, to get a private hour with Daymond John from NBC’s Shark Tank. If time is money, then this was an extremely valuable hour, and I intended to make the most of it. Some people in the small room asked questions about Shark Tank,...
You have found the person with whom you want to spend a great deal more time and collaborate on ambitious and great things. You should probably make it official with an offer letter. This is not an offer of marriage, but rather the offer letter you give to the person you want to hire. Considering...
The short answer to the question is no. Non-disclosure agreements (NDAs) and non-compete agreements (NCAs) are related but they are definitely different agreements with different purposes. Both, however, are usually expected to be signed by employees, contractors, and others who work with trade secrets or other proprietary information prior to being given access to that information....
Did you know that your operating agreements and bylaws can be an important way to protect your company and to clarify your goals? Both of these kinds of documents can be a critical way to guard against risk and to get everyone on the same page. It might be tempting to copy and paste someone...
Shareholders in corporations play an interesting role in governing those corporations. By virtue of owning a small portion or “share” of the company, a shareholder has some power to affect change within the corporation, including actions against the corporation. There are two main types of actions against a company: direct claims and derivative suits. What...
Elder abuse takes many forms, but one of the most common is financial abuse where the elderly person’s assets are drained or at least significantly depleted by fraud, theft, and similar schemes. Many times this happens because the elderly person may no longer be keeping close track of their finances, or worse, they may be...