Orem Startup Attorneys & Lawyers

A nonprofit organization is an entity formed to meet a specific tax-exempt purpose aimed at benefiting the public, a specific group of individuals or the membership of the nonprofit. Nonprofit organizations are prohibited from generating revenue, but instead excess revenues are put back into the operation of the organization – they are not disseminated to owners or investors.

Many of the most familiar nonprofit organizations are 501(c)(3) charitable organizations.

Mission and Tax-Exempt Status

Nonprofits are normally organized around social causes or to serve the public good in ways that government agencies cannot. The mission statements of nonprofits are often tied to specific goals in areas like public welfare, public safety, religion, science, education, art, env

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Updated June 30, 2020:

What Are Startup Valuation Methods?

Startup valuation methods are the ways in which a startup business owner can work out the value of their company. These methods are important because more often than not startups are at a pre-revenue stage in their life-span so there aren't any hard facts or revenue figures to base the value of the business on.

Because of this guesswork, an estimation has be to be used, which is why several startup valuation method frameworks have been invented to help a startup business more accurately guess their valuation.

Business owners want the value to be as high as possible, whilst investors want the value to be low enough th

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Updated October 28, 2020:

Startups have one big advantage in attracting talent. While big companies can offer big paychecks and great benefits, startups can offer employees the chance at becoming very rich through sharing company ownership. Here is an introduction to the methods companies use to decide how to split up equity fairly between the founders and employees at early-stage startups.

There are as many different opinions about how to structure an equity split for a startup company as there are startups. It is always a good idea to seek out the advice of experienced professionals before finalizing any equity split agreement.

What Is an Equity Split?

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Updated October 26, 2020:

Stock Purchase Agreement: What Is It?

A stock purchase agreement is an agreement that two parties sign when shares of a company are being bought or sold. These agreements are often used by small corporations who sell stock. Either the company or shareholders in the organization can sell stock to buyers. A stock purchase agreement is meant to protect you, whether you're the purchaser or the seller.

A stock purchase agreement is separate from an asset purchase agreement. Stock purchase agreements merely sell shares of the company to raise money or transfer ownership of shares. An asset purchase agreement finalizes the sale of the company's assets. The stock purchase agreement lists several things:

• Name of company
• Purchaser's name
• Par value of shares

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What Is Software Forensics?

Software forensics is a branch of science that investigates computer software text codes and binary codes in cases involving patent infringement or theft. Software forensics can be used to support evidence for legal disputes over intellectual property, patents, and trademarks.

Digital forensics and computer forensics are both tools used to recover computer files. Digital forensics tries to find files that are the same, and software forensics examiners focus on function.

Software forensics is especially important in patent and trade cases. In these cases, someone might have copied another person's code, but rewritten that code in a way to hide the theft. A digital forensic examiner may not have the tools or capabilities to prove a crime occurred.

The followin

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