Convertible Notes

This one is pretty law geeky, so stay with me. When you go to raise money for your company, you have to decide what you are going to give your investors in exchange for their cash. Your choices are usually a promissory note (if you call the cash a…

Top 5 Weekly Reads

How Not to Sell Things on the Internet (Legal Edition) –EricGoldman.org 23andMe lost when they tried to enforce their terms of use – because they stuck the link to their terms of use at the bottom of the site. Listen up, web sellers: imagine going to a car dealership and getting…

Six Quick Reads You Need to See

Starting a Business is an Act of Defiance and Patriotism: Happy Independence Day Letting your entrepreneurial flag fly has never been so daring, so important and so patriotic. The financial rules are now totally written for the big companies. Taking on Goliath in any industry is an act of…

5 Killer Tips to Get Loans For Your Business

On January 10, Josh Gutstein from the Chicago Minority Business Center joined us on the Profit and Laws Radio Hour. Josh helps small businesses find cash. Here are 5 killer tips to get loans for your business. Do your homework. Know how much cash you need and…

Building Business Credit (Even When Your Personal Credit Stinks)

Note to Commecion: Thank you so much for calling in to my radio show today. Since we didn’t get to your question about how do get credit for your business even if your personal credit is bad, here are some tips. Understand that even if you have great personal…