Law Office of Paul H. Spitz – Blog

Splitting the Founders Equity

March 27th, 2014

A question that would-be startup founders often ask is how they should split the equity among themselves. This is an excellent and extremely difficult question, and also one that I cannot answer for them. Ultimately, Read More

Is Crowdfunding a NonStarter or a Kickstarter?

March 26th, 2014

In 2012, Congress passed the JOBS Act, which among other things, created a new exemption under federal securities laws for crowdfunding. Under the law, companies will be able to raise funds through crowdfunding in exchange Read More

Bitcoin To Be Treated As Property, Not Currency

March 26th, 2014

The IRS has just announced that it will treat Bitcoin and other virtual currencies as property, rather than currency. [Although there are a number of different virtual currencies, to keep things simple I will just Read More

Brand Name Protection – The Three Pillars

March 24th, 2014

Recently I wrote about the importance of ensuring that your desired corporate name is available, as a key step before filing to incorporate your company. Today, I will take an even broader view of protecting Read More

Five Startup Keys

March 18th, 2014

I wanted to share this article by Rebekah Campbell, founder of Posse, a social recommendation startup, in which Campbell shares five key lessons from her first year in business. There's no specific legal content, so Read More

Religious Garb and Grooming in the Workplace – New EEOC Guidance

March 17th, 2014

Earlier this month, the EEOC issued a guidance on religious garb and grooming in the workplace. In general, employers covered by Title VII of the 1964 Civil Rights Act must make exceptions to their usual Read More

Is Your Company Name Available?

March 14th, 2014

Suppose you are a founder of a startup, and you haven't incorporated your company yet. You know it will cost money, and you want to defer that expense as long as possible (although you really Read More

Employment Practices Update – San Francisco Bans the Box

March 10th, 2014

San Francisco has recently passed "ban the box" legislation, which will restrict the questions private employers can ask about applicants' criminal records on job applications and during interviews. The new rules take effect August 13, Read More

The New York Times Rule

March 7th, 2014

The "New York Times Rule," in its broadest definition, means don't do anything you wouldn't want to read about on the front page of the New York Times. A somewhat narrower version of the rule Read More

When Should You Incorporate?

March 6th, 2014

If you are working on a startup, one of the hardest early decisions you will make is when to incorporate your company. Incorporation, when done properly, will cost money, which is why too many companies Read More

Moonlighting – Check Your Employment Contract

March 4th, 2014

Often during the early stages of a startup, founders will keep their existing jobs while working on the startup in their spare time. This enables them to pay their bills and live during the period Read More

Is Google Fiber Coming to Cincinnati?

March 4th, 2014

According to this article in the Business Courier, City Councilman P.G. Sittenfeld and a group of startup executives would like to bring Google Fiber to town. Google Fiber is a high-speed broadband service that Google Read More