Rochester Startup Lawyers
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Legal Services Offered by Our On-Demand Rochester Startup Attorneys
On UpCounsel, you can find and connect with top-rated Rochester 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 Rochester 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 Rochester, MN.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Rochester 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 Rochester startup lawyer on UpCounsel to help you today.
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- 6 min read
Preemptive Rights: What are they?
Preemptive rights (also referred to as preemption rights, anti-dilution rights, subscription rights, or subscription privileges) are rights granted to certain equity holders giving them the option to purchase additional shares of a company’s stock or other securities before new investors can buy them. Preemptive rights are used to prevent new investors from reducing ("diluting") the ownership percentages of existing share or securities holders.
Preemptive rights are a common provision found in company shareholders’ and operating agreements, as well as other option, securities and merger agreements. They may also be included in the text of the subscription agreement that investors sign when purchasing stock or securities.
In addition, preemptive rights are often granted in connection with convertible preferred shares, enabling preferred shareholders to maint
- 11 min read
What Is an Option Pool?
An option pool is a way a startup company can acquire talented employees by offering them stock if the company does well enough to go public. Employees receive percentages of the option pool when they're hired, with the amount changing based on how early the employee joins the company and what their position within the company is.
An option pool is a percentage of a company reserved for employees. New companies create option pools by setting aside common stock shares, and granting these shares to employees as a way to pull new talent into a startup.
Option pools are also called employee stock option pool (ESOP.)
Companies use option pools because:
- They want to offer an incentive other than money when they don't have much capital
- They want to give employees a reason to work hard enough for the company to go public (to make the pool worth something)
- 18 min read
What Is Internet Law?
Internet law refers to how legal principles and legislation govern the use of the internet in all its forms. Another term for internet law is cyberlaw. Unlike other areas of the law, internet law cannot be identified as one solid, stable, and specific field of practice. Rather, it incorporates and applies principles from several traditional fields, such as privacy law or contract law, that predate the internet.
Internet law can include the following:
- Laws related to the creation of websites
- Laws governing Internet Service Providers
- Laws related to how trademarks are used online
- Laws regarding how to resolve conflicts over domain names
- Laws related to how to link web pages
Since the internet is relatively new and constantly evolving, laws surrounding its use cannot be informed solely by precedent or common law. there is a great amount of uncertainty re
- 2 min read
The Health Insurance Portability and Accountability Act (HIPAA) was enacted in 1996 to protect workers and their families by limiting new employers from excluding coverage for preexisting conditions, banning discrimination against employees and their dependent family members based on any preexisting conditions, and providing new rights to individuals who lose their coverage to enroll in a group health plan.
HIPAA also protects patients’ paper and electronically stored medical information through the Privacy Rule and the Security Rule, which were implemented by the U.S. Department of Health and Human Services (HHS).
HIPAA Violation Enforcement
The HHS, Office for Civil Rights (OCR) is the HIPAA enforcement agency that investigates any complaints filed regarding HIPAA violations. If the OCR finds that a HIPAA violation has taken place, the OCR will d
- 7 min read
What is a Restricted Stock Unit?
A Restricted Stock Unit (RSU) refers to a grant of a value equal to an amount of a company’s common stock. The RSU is typically granted to a new or valuable employee as an incentive for employment or to meet specified performance goals. In the case of a new employee, the RSU plan is commonly included as part of the employee’s initial compensation package. RSUs are very popular today with startups and technology companies seeking to hire and retain highly skilled and talented employees.
How Restricted Stock Units Work
With an RSU plan, the company offers the employee an economic interest in the company stated as a specific number of shares of company stock. The stock is not immediately given out to the employee, however, but is instead awarded at a future time upon completion of a stated goal or on reaching a stated date. In other words, the RSU plan grants a &ldqu