Shreveport Non-Profit Attorneys & Lawyers

What Are Tag Along Rights?

Tag along rights or "co-sale rights" are legal agreements that guarantee minority stakeholders the right to sell their shares in the company at the same time and under the same conditions as the majority stakeholder. These rights are often used when companies are founded and capitalized because it protects investors and encourages them to buy the company's stock at an early stage. This is especially true for most angel investors, who won't even think of joining unless there are tag along rights.

Why Are Tag Along Rights Important?

Tag along rights protect minority stakeholders by giving them a certain amount of control over their own investments. If a principal stakeholder of the company liquidates its share, smaller investors won't get a bad deal. In simple words: If

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How to Start a Nonprofit Organization

Learn how to start a nonprofit organization by first understanding what it is exactly. Nonprofit organizations invest profits back into the organization rather than distributing profits to the business owner. There are four main types of nonprofit organizations:

• Trade associations. These are organized to serve the interests of a specific trade or profession.
• Charitable organizations. Charitable organizations serve a public purpose. These include organizations dedicated to remedying a social problem or promoting some social good. Museums, libraries, educational institutions, environmental groups, and outreach groups a

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Updated October 28, 2020:

One of the most difficult parts of starting a business, and one of the least intuitive, is the paperwork piece.

To help alleviate some of that mystery, we've put together a list of some of the most important business documents that will give you a quick reference point after you incorporate.

Docs for Getting Funded/Venture Capital

• 83(b) Election Form: In the startup world of unvested shares, lots of owners elect to be taxed on the fair market value of property they currently have that they may not get to keep. Why? Because the present value is likely lower tha

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Enacted in 1993, the Family and Medical Leave Act (FMLA) requires certain employers to provide unpaid, job-protected leave for qualifying medical and family situations.

FMLA mandates that employees of all genders receive at least 12 weeks of unpaid, job-protected leave within 12 months of giving birth, adopting a child or becoming a foster parent. Employees affected by personal or family illnesses are also protected under FMLA.

Employees with immediate family affected by military service (e.g., called to active duty or injured in the line of duty) may take 12 to 26 weeks of unpaid, job-protected leave depending on the circumstances.

Employees may also receive FMLA leave leading up to a pregnancy if they suffer from a related “serious health conditi

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Updated November 12, 2020:

What Is Tortious Interference?

Tortious interference occurs when a business tries to economically harm a competitor by interfering with a contract or relationship. Breach of contract is the most common cause of interference. However, it is not the only form.

Interference often leads to economic damage. For example, the interference could involve the sale of a business. It could also happen if a vendor offers a business unreasonably low prices, causing the buyer to breach a contract with another vendor. Interference must be intentional to result in a legal suit.

Basics of Interference

The defendant in one of these cases is the person who interfered with the contract. Interference can happen in many ways, including:

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