Showing 14 posts in Startup.
Unpaid Internships Give Rise to Government Enforcement and Class Actions Against Employers
The misclassification of employees as independent contractors is a common and serious issue affecting employers and workers in the technology sector. We recently touched on the legal challenges facing “on demand” technology companies such as Uber and Lyft due to their classification of drivers as independent contractors.
But employee vs. independent contractor is not the only classification issue that technology companies and investors must grapple with. As reported by the Wall Street Journal, a Silicon Valley venture capital firm, Fenox Venture Capital, recently agreed to pay $331,269 in back wages after the U.S. Department of Labor (“DOL”) found the company misclassified 56 workers as unpaid interns. Read More ›
Categories: Employment, Startup
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What is a Covenant not to Compete?
Employers often seek to enter into a covenant not to compete with employees. In many cases, the covenant is the best way to protect the employer from future harm. Also, many purchase agreements include covenants not to compete. Learn about covenants not to compete in the video below.
Categories: Intellectual Property, Startup
Financing Your Vision
What does a startup entrepreneur need to know about financing a company? The entrepreneur needs to work with an adviser or accountant to create a realistic budget. Watch the video below to learn more about your options.
Categories: Crowdfunding, Startup, Venture Capital/Funding
Forming a Business Entity
Why should someone form a business entity? The main reason is to protect themselves from personal liability. Other benefits include attracting investors, marketing the company, maybe saving in taxes and helping to sell or transfer the company to a third party or other family members. Learn more about business entities and the benefits of forming a business entity in the short video clip below.
Foster Swift business attorneys realize entrepreneurs and business owners have many legal questions so we've developed a library of short videos to provide basic legal information on some of the more frequently asked questions. Click here to view our video library.
Categories: Startup, Tax
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