Gaithersburg Startup Lawyers
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On UpCounsel, you can find and connect with top-rated Gaithersburg 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 Gaithersburg 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 Gaithersburg, MD.
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- 4 min read
To start a business in Alaska, you will likely need a state business license. It is also possible that you will need to obtain additional local business licenses and/or permits, depending on your business’s type and location. Here’s a look at what you need to know about business licenses in Alaska.
Remember, it’s always a good idea to consult with an experienced business attorney or other expert if you have any questions or concerns about the business licensing process, or any other issues related to your business.
Before Applying for Your License
There are a number of issues to deal with before you will be ready to apply for your state business license:
Select Your Business Structure: Business structure refers to the type of entity you wish to form. Common entity types recognized in Alaska include: sole proprietorship; partnership; limited partnership; limited liability partnership (LLP); lim
- 5 min read
What are Incentive Stock Options?
Incentive stock options (ISOs) are a type of stock option typically given to key employees or management to purchase stock in the company and can result in a better tax treatment.
Incentive Stock Options vs. Nonqualified Stock Options
Other options that may be available to employees who are not considered key employees or upper management may be eligible for nonqualified stock options or NSOs.
Unlike NSOs, an ISO would be treated favorably for tax purposes. When an ISO is exercised, the employee need not claim the income. When they sell the stock, the gains are taxed as ordinary income rates rather than at capital gains rates. It is important to be aware that the tax benefits are lost if the employee who is entitled to ISOs sells the stock immediately; if they sell immediately they are treated the same way as an NSO.
What's the diff
- 2 min read
501(c): What is it?
501(c) is a section of the federal regulations which list the type of companies that can be exempt from paying taxes according to the Internal Revenue Service (IRS). These types of companies are referred to as 501(c)s.
Types of 501(c)s
There are 27 types of organizations that can file for 501(c) status. Many of these are not applicable to the average business. The organizations seeking tax exemptions are usually:
501(c)(3) Public Charities and Private Foundations
501(c)(4) Civic Leagues, Social Welfare Organizations, and Local Associations of Employees
501(c)(5) Labor, Agricultural, and Horticultural Organizations
- 4 min read
What is Liquidation Preference?
Liquidation preference determines the payout process or the distribution of stocks if the company pays dividends, enters into a merger, or liquidates the company. Liquidation preference means the company's investors or the preferred stockholders receive their investment back first in case the company liquidates.
Liquidation preference determines who gets first and how much when the company is liquidated, sold, or declares bankruptcy. Liquidation preference is associated with the preferred convertible stock. It explains how the proceeds are divided and shared.
For example, a holder of preferred stock has a liquidation preference equal to $30 million and the company is sold. Then the holder will get the first $30 million before the common stockholders receive any amounts.
When the company liquidates, liquidation pr
- 10 min read
What is a DMCA Notice?
A DMCA notice informs a company, web host, search engine, or internet service provider that they are hosting or linking to material that infringes on a copyright. The party that receives the notice should take down the material in question as soon as possible. If the site owner doesn't comply, the ISP can forcibly remove the content.
You can send out a DMCA notice, not just for infringing material, but also for any indices, references, or pointers that lead to infringing material.
DMCA stands for Digital Millennium Copyright Act. A DMCA notice is also known as a DMCA takedown notice or a DMCA request. The DMCA covers any copyrighted material that could be infringed on the internet, including:
- Written words, such as articles