Section 218 Agreement under Social Security Act

It’s the third week of the year, and I’m clinging to my 2012 resolutions by my fingertips. My resolution to post 3 times a week is in danger. So, on a Thursday night, in a cab on my way home, I have grabbed this little post out of my…

6 Ways to Deal with Loan Covenants

If you borrow money, you may expect that the terms of the loan, including the loan amount, payment terms, interest rate and all other terms, are listed in the cover letter. The rest of the documents may look like inaccessible lawyer filler that have no bearing on your conduct. …

Resolutions

Dear Visitor: Thank you for coming and seeing what I have to say about business law. Sorry I said so little. Blogging is not nearly as easy as it looks. Coming up with ideas is easy. Convincing myself that anyone wants to read my thoughts about those ideas is…

War Stories: Cheap Labor Ain’t Always Cheap

  Profit and Laws and our book, Birth to Buyout, examine issues facing businesses – everything from web contracts to building prototypes.  Occasionally, we’ll be posting stories from the real world that illustrate a particular issue or law.  Up this week?  Manufacturing.  And perhaps an argument that sometimes it’s…

Get All Similar Domains: Great Advice from David Lizerbram

With greater frequency, talented and smart lawyers are blogging. Here is some sensible advice from trademark lawyer David Lizerbram. David’s advice: just go – now- and get all similar domain names to your current one so that others can’t do it instead. Here is the post: Domains Best Practice

5 Reasons Venture Capitalists Demand a C-Corp

Forms. The holy grail of cheap legal fees is standardized forms. VCs have their own contract forms for investments in C-Corporations and they want to keep it that way. It is more efficient for them to use their own forms: their lawyers can get through them and the VCs…

How One Lawyer’s Simplification is Another’s Mistake

One of my favorite lawyers – a dashing Italian fellow who could teach all three Heathers a thing about accessorizing – said I got something wrong in my book, Birth to Buyout: Law for the life Cycle of Your Business.  Kindly and almost embarrassed, he pointed out how I…

A Great Example of an Agreement Acceptance Page

I just joined Windows Live to try its blogging software. During sign up, I was so impressed by the contract acceptance page, I thought I’d share it. But, first – a law note. Law Note: Online contracts are enforceable as long as they have the three contract elements: offer,…

The 4 Types of Entities (sorry, it’s pretty dull)

Everyone always wants to know: which entity should I pick? Let’s try and answer that once and for all. Here, we’ll talk about the types of entities. Down the road, we’ll talk about how to think about them. First, you should know that all business entities are creatures of…

Yes, Your Business Needs An Entity

You absolutely need an entity. Here’s why.