The Death of the VC Monopoly: Why the Future of Funding is Community-Driven
If your plans this year include raising money from friends, family, and others in your community, whether by bringing them on as minority owners or through crowdfunding, you need legal counsel who understands that small businesses are so much more than simply whatever venture capital is interested in this week. Executive Summary: Why the “Community […]
Yes, YOU! You Need an LLC Operating Agreement!
Just like you shouldn’t do business on a handshake, you shouldn’t operate your business on a handshake either. But too many entrepreneurs regularly go into business without any formal documentation. If you have business partners, so-called “silent” investors, or took money from friends and family, I cannot stress enough how important it is to have the terms of these partnerships documented in a formal written agreement. Otherwise, it’s just a dispute waiting to happen.
