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Entrepreneurs / Startups

Monday, February 27, 2017

New York Court of Appeals Rules for Yoga Vida

After over six years of dispute, the New York Court of Appeals, in In re Yoga Vida NYC, Inc. (Commissioner of Labor), 28 N.Y.3d 1013 (2016), ruled in favor of Yoga Vida NYC, Inc. The court determined that non-staff yoga instructors were not “employees” of the studio, but rather “independent contractors”. The ruling provides clearer guidelines on how fitness studios in New York should treat their instructors in order to maintain the “independent contractor” classification. This could have financial benefits for fitness studios throughout the State of New York.


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Tuesday, December 20, 2016

CROSS BRANDING – PRACTICAL BUSINESS AND LEGAL CONSIDERATIONS


By: Aaron Riedel

 

This blog post is a practical exploration of cross branding relationships and the basic legal underpinnings of putting together a cross branding agreement. Not every issue or legal topic is covered. This blog post is not meant to be legal advice, but may be considered attorney advertising.

What is Cross Branding?

Cross branding is when two or more companies work together to promote each other’s products or services to maximize publicity and/or revenue for both companies. Cross branding deals come in many forms - on products themselves, in TV advertising campaigns and sponsorships, and in physical retail displays.


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Friday, March 18, 2016

Privacy vs. The First Amendment in Media

 

Recently, concerns over First Amendment rights issues have been made public regarding an individual person’s right to freedom of the press and how that right may conflict with an individual’s right to privacy.  This issue is magnified when a celebrity or a public figure makes a claim concerning their right to privacy.  In this type of unique situation with celebrities and public figures, courts have often ruled in favor of the individual who claimed their right to freedom of the press.  The rationale behind the courts’ decision includes the fact that celebrities do not have a right to privacy when it involves newsworthy matters.  This leads us to question where the line should be drawn between these two First Amendment rights.


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Tuesday, October 20, 2015

What's a Vesting Schedule and Why Do I Need One?

Your startup is growing fast and now you have investors that want to give you money. All of a sudden, your partner that owns 50% decides to leave the company. Without a vesting schedule, this situation could be a disaster because...


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Sunday, October 18, 2015

Cost of Incorporating in Delaware

If you are looking to incorporate in Delaware, here is a DIY guide that may come in handy, as well as tips, input, costs and fees. The breakdown is as follows:

DIY

  • Filing fee of $89.
  • It's likely you're not living in DE so you would need a registered agent to accept service of process on your behalf in the event that you're ever sued. You can find a registered agent service between $70-$200 online.
  • $50 for certified copy of incorporation. A bank will need this copy when you open an account. Some states require a copy when you apply for foreign qualification in a particular state.
  • Out of state filing fees vary depending on the state, it can be anywhere from $100-$400.
  • Here's a link to find the forms to set up a Delaware entity.  State of Delaware - Division of Corporations - New Entities
  • I recommend using an attorney for this process because you'll get sound advice on the amount of shares you should authorize and the price for those shares. A mistake can be VERY costly.

 


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Sunday, September 27, 2015

Three Reasons why Startups Incorporate in Delaware

Almost 1 million businesses are incorporated in Delaware . Additionally, more then half of all fortune 500 companies are incorporated in Delaware.  Since most founders have a plan for world domination, they tend to follow the path of other successful companies and form their corporations in Delaware, not really understanding why. At the request of many entrepreneurs, I wanted to quickly go over some of the main advantages of incorporating in Delaware...

 


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    Wednesday, September 23, 2015

    New York State Has Granted Its First Bit License

    Some exciting news has come out of New York state. Circle Internet Financial, The Boston based startup, backed by Goldman Sachs, was officially granted New York’s first “BitLicense”, on September 22, 2015. New York’s BitLicense enables its holders the ability to offer digital currency services to any of its clients or affiliates within the state.


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    Monday, August 17, 2015

    Things You Should Avoid in a Potential Investor

    Check out our latest feature in Inc. here.


    Thursday, May 21, 2015

    Pros and Cons of Raising Money vs. Bootstrapping

    Check out our most recent feature in Mashable here!


    Tuesday, May 19, 2015

    Employee Compensation Systems to Consider

    Click here to view our latest feature. 


    Thursday, March 26, 2015

    Tips for Softening Bad News to a Client

    For our latest feature in Huffington Post click here


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