East Greenwich Startup Attorneys & Lawyers
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East Greenwich Startup Lawyers
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Legal Services Offered by Our On-Demand East Greenwich Startup Attorneys
On UpCounsel, you can find and connect with top-rated East Greenwich 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 East Greenwich 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 East Greenwich, RI.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the East Greenwich 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 East Greenwich startup lawyer on UpCounsel to help you today.
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- 5 min read
What Is a Condition Subsequent?
A condition subsequent (CS) is an exit clause from an existing contract. The agreement between parties includes language that frees one of them from the deal. This happens when a conditional outcome occurs. A CS relieves a party of all obligations.
What's the Purpose of a Condition Subsequent?
Think of a condition subsequent as an escape clause. It ends a party's contractual obligation. In contracts, all involved parties have certain responsibilities. The CS gives one party the ability to walk away from the promise to perform a duty.
A CS is a kind of insurance for one or more parties. It makes sure that one of the gr
- 8 min read
In financial terms, pro-rata rights allow an investor to maintain their portion of ownership in a company when the company takes on new investors.
Company Valuation and Pro-Rata Rights
It is important to understand the role that the valuation of your business has on pro-rata rights for other investors. This is important because the angel or venture capital investor dilutes the shares of other owners. Other owners in early-stage businesses are typically the owner (or owners) and friends and family members. Initially your company may look like this:
- Owners/Founders - 50 percent equity each
- Friend and family investors – each owner/founder surrenders 5 percent and 10 percent is given to friends and family (founders/co-owners now have 45 percent each)
- 4 min read
Updated October 29, 2020:
What is Your Principal Place of Business?
This question is not as simple as it sounds. For a sole proprietor or a one-location company, the answer is straightforward – your principal place of business is your home, shop, office, or wherever you primarily do business. But large companies and corporations often have several locations spread out across the country, or even around the world. In these situations, the company headquarters is usually the principal place of business. This is not necessarily the same state as the state of incorporation.
The supreme court finall
- 6 min read
Updated July 20, 2020:
What Is Preferred Return?
A preferred return—simply called pref—describes the claim on profits given to preferred investors in a project. The preferred investors will be the first to receive returns up to a certain percentage, generally 8 to 10 percent. Once you reach this profit percentage, the excess profits are split among the rest of the investors as agreed upon in negotiations. This type of return is most commonly used in real estate investment.
How Is the Preferred Return Calculated?
There are three main questions when it comes to calculating the preferred return:
- Is it compounded or non-compounded? Compounded means that the calculation of a preferred return periodic