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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- 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 Delaware LLC was formed on October 1, 1993, when the Delaware Limited Liability Company Act first made the LLC a legitimate business entity. Right now about two-thirds of all of the
- 5 min read
Reverse Vesting: What Is It?
Reverse vesting occurs when a company's co-founder receives their 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.
What Is a Restricted Stock Purchase Agreement?
When a company wants to initiate a repurchase of the co-founder's stock, it uses a process called a restricted stock purchase agreement. It's a specific term that reflects the type of stock, a restricted class, and the type of contract.
The purchase agreement is the agreement between the co-founder and the company that the latter party can buy back the stock. The transaction isn't guaranteed. They're simply holding the right to do it if the situation arises.
The business keeps the restricte
- 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 anot
- 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 racks up debt, your creditors could try to make you pay the company’s debts using your own personal assets. Creating a separate business entity helps protect your home, car, bank accounts and other personal assets from being used to pay business-related debts. LLC&rsqu
- 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 personal assets, making it ideal for some types of small businesses.
Why Should You Form an LLC?
If you're starting a business, you'll need to separate personal and business assets. You don't want a business debt to reflect on your personal credit. You also don't want to have a business bankruptcy include personal assets. Sure, you hope to succeed, but failing to plan for the worst could leave you overextended and at risk. Incorporating your business helps minimize the risks to you.
Why Not Choose a Different Incorporatio