Blog

The Myth of the S-Corporation

I often hear potential clients say things like, “I want to form an S-corp,” or “should I form an LLC, S-corp, or C-corp?” This illustrates a very common misunderstanding about the nature of an S-corp. In today’s post, I hope to clear up this misunderstanding, once and for all. The Read More

How To Tell If Your Startup Ecosystem Is Sick

I had an interesting lunch with some fellow lawyers the other day. I know, “interesting” and “lawyers” shouldn’t be used together in a sentence, but bear with me. We were discussing venture capital deal terms we had encountered with various startup financings we had worked on. One of the other Read More

Celebrity Endorsements and Social Media

If you follow any celebrities or sports stars on social media, you may have seen one of them endorsing or promoting a product. Just the other day, Katy Perry posted a photo of herself on Instagram, wearing a Prada outfit with the hashtag “#Prada.” Never forget where you came from! Read More

New Federal Law Prohibits “Anti-Yelp” Contract Terms

Congress recently passed a new law that restricts a company’s ability to include an “anti-Yelp” type of non-disparagement provision in a standardized contract. The new law, called the Consumer Review Fairness Act of 2016,” is designed to protect individuals who post negative online reviews. The CRFA applies to reviews of Read More

Copyright Office To Require Online Registration of DMCA Agents

If you have a website with any user-generated content, you want to take full advantage of the protection provided by the Digital Millenium Copyright Act (DMCA). This has two components. The first is posting (and following) a takedown policy for potentially infringing content in your terms of use. The second, Read More

Medical Marijuana Now Legal In Ohio

Ohio’s new medical marijuana law recently took effect, on September 8, 2016. This law, passed by the Ohio legislature, followed a failed ballot initiative that would have legalized marijuana in Ohio for recreational use, as well. The new law permits doctors to prescribe marijuana as treatment for a lengthly list Read More

Does Your Uber Driver Make Any Money?

Today one of my twitter followers, and someone I actually know from the startup community here in Cincinnati, posted an interesting tweet: “I always open up my @Uber/@lyft email receipts, wincing at the long ride I took, thinking it’ll be $20. It’s consistently less than $9. [celebratory emoticon] The tweet Read More

Why Should I Use You Instead of Legalzoom or Clerky?

“Why should I use you to set up my business, instead of Legalzoom or Clerky? You cost more money.” I get that question occasionally from clients, and I usually answer by explaining that all those sites do is provide documents, which may or may not suit your needs. You may Read More

Startup Financing Is Not A DIY Project

There are projects that are easy enough for a smart startup founder to take on, and then there are projects that are simply too complex, and which require the help of an experienced lawyer. Financings, such as a seed round or convertible note financing, are definitely not DIY projects. Several Read More

Delaware Franchise Taxes – Read This Before You Pay!

If you have a startup incorporated in Delaware, this is franchise tax season. Your franchise taxes for 2015 are due by March 1. Before you do anything, you need to read this post. There are two methods of calculating your franchise tax, and this is really important – Delaware allows Read More