LexisNexis® Legal Newsroom
11 Steps/Lessons to Starting Your Own Business

In this post, I decided to go over the first steps a founder should take (in my humble opinion) to start his or her own business. What should come next, after you get an idea for a business? Well, you would most likely want to run it by your friends and family to gauge their reaction. Then, follow these...

How Much Should a Startup Pay in Legal Fees?

A fair percentage of my legal practice consists of representing early stage companies (i.e., startups). Many founders approach me because they want to form Delaware corporations and seek funding from VCs or angel investors. The question of legal fees is often a painful one for these clients. Many of...

Are You a Broker or a Finder? Does It Really Matter?

I previously covered regulations relating to those who broker securities transactions and get compensated a "success" fee (a recurring question that comes up periodically in my practice). Such persons have to register with the SEC as broker-dealers prior to conducting any such activities. Here...

New Seed Financing Documents (500 Startups and Y Combinator)

The startup industry keeps on coming up with new innovative solutions to seed financing. The latest trend is convertible equity. Two startup venture funds and incubators, 500 Startups and Y Combinator , recently released their versions of convertible equity documents. SAFE In 2013, Y Combinator, a well...

What Should Start-up Founders Know About Rule 701?

In my opinion, all startup founders should be familiar with and actually understand Rule 701 under the Securities Act because this is precisely how they get to issue equity (restricted stock or options) in their startup to their employees, officers, directors, consultants and advisors in order to provide...