College Park Startup Attorneys & Lawyers
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College Park Startup Lawyers
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Legal Services Offered by Our On-Demand College Park Startup Attorneys
On UpCounsel, you can find and connect with top-rated College Park startup attorneys & lawyers that provide a range of startup law services for startups and entrepreneurs that are starting a business. Any of the top-rated College Park startup lawyers you connect with will be available to help with a variety of your startup law related legal needs on-demand or on an ongoing basis in the city of College Park, MD.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the College Park startup lawyers on UpCounsel can help you with a variety of specialized and general startup law related legal matters. No matter what type of startup law needs you have, you can easily hire an experienced College Park startup lawyer on UpCounsel to help you today.
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What Our Customers Have to Say
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"Before UpCounsel it was hard for us to find the right lawyer with the right expertise for our business. UpCounsel solves those problems by being more affordable and helping us find the right lawyer in no time."
- 7 min read
You’ve decided to start your own business in Ohio. Get your business off to a good start by taking the steps you need to form and operate a legal business entity in Ohio.
Why create an LLC in Ohio?
Many small business owners form a limited liability corporation, or LLC, when starting a new business. Creating a business entity helps ensure you are not personally responsible for paying business-related debts. For example, if someone slips and falls on the sidewalk outside your shop, that person may sue for damages. If you have not created a formal company, you might need to pay damages with personal, not business-related, funds.
Likewise, if your business runs into trouble and ra
- 8 min read
Reverse Vesting: What Is It?
Reverse vesting occurs when a company's co-founder receives his or her shares and ownership interest upfront. This exchange is subject to vesting similar to employee stock options. If the co-founder leaves, the company may repurchase a set amount of those shares.
The founder already owns all the shares with reverse vesting and may be forced to sell a specific percentage of them for no profit if the complete vesting period hasn't been finished. Reverse vesting is a term used to define a specific situation where an independent contractor or an employee gets stock that's subject for the company to repurchase at-cost. The right to repurchase lapses the vesting period.
This is the opposite of a normal situation, where a provider for a service gets the right to buy stock or an option, but he or she can't use that right until the provider vests. Many investors and employees must earn shares by staying with the com
- 5 min read
What Is Carried Interest?
Carried interest, also known as carry, is a share in the profits that general partners receive in compensation for the management of a venture capital fund. These profits can be long-term gains, dividends, short-term gains, or interest and total 20 to 25 percent of the fund's profits. However, general partners aren't required to invest their own money. Instead, these funds are intended as motivation for a general partner that are only available at the sale of the fund.
The best way to picture carried interest is through an example. Imagine you give a friend $100 to put on roulette when they go to Vegas, and they win $200. If you agreed to a 20 percent cut for your friend, you'll pay $20 on the interest. This is how carried interest works.
Another way to visualize carried interest is through another ex
- 7 min read
What Is a Delaware LLC?
A Delaware LLC, or limited liability company, is a type of business entity created by filing the Certificate of Formation with the Delaware Secretary of State. It creates a legal existence separate from its owners. Owners and managers are not personally liable for any of the company's debts.
A contract drafted by the company's members called the Operating Agreement outlines the structure of a Delaware LLC and the rules that govern the members, or owners, of the LLC. The Operating Agreement is legally binding and enforceable by every person that signs it. The members are free to organize the company however they see fit. The can create their own terms for governing, operating, and overseeing their LLC.
The first Del
- 3 min read
Starting an Arizona business usually starts with your type of incorporation. Limited Liability Corporations (LLCs) offer a lot of the benefits of C Corp without the requirement to file a separate tax return for the business.
What Is an LLC?
An LLC is a combination between a sole proprietorship and a separate business incorporation. You get the tax pass through benefits and the protection of your