pitfalls to avoid

Post image for Don’t Try This at Home

Why entrepreneurs shouldn’t do their own legal work. Women entrepreneurs shoulder many burdens, one of them often being their company’s legal work. They don’t mean to become their own in-house counsel, it just sort of happens. They don’t have an attorney when they start their business and are too busy, daunted and undercapitalized (or so […]

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Post image for More Legal Perils in the Social Media World (Web 2.0)

In some ways, the Internet is the Wild West . . . and Web 2.0 is like the Wild West meets the Sci-Fi Channel — unpredictable, potentially dangerous, and often bizarre. If you’re involved in, or thinking about, doing business online at all, the Electronic Frontier Foundation is a great resource. They’re even hosting a […]

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Post image for Privacy Policy Dangers

For anyone with a website, here’s an instructive post from my namesake, California attorney Nina Yablok on privacy policies. She raises the excellent point that you need to be careful what you promise in your privacy policies. As long as you’re in control of the website, you may want to promise that you won’t share the […]

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Here’s one last issue that Chris Mercer raised in his Buy/Sell Agreements book that I want to share with you. Once you have (1) decided when an event triggers a buyout, and (2) computed how you’ll fund the purchase, you need to determine who gets to make the purchase and how you’ll come up with the […]

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Post image for Doing Business with Nonprofits: Part 2

There’s more to doing business with your nonprofit organization than just the disclosure required for “interested transactions” and avoiding a conflict of interest when making decisions on the organization’s behalf. As a board member, your status is similar to a trustee. The organization’s money is not yours to spend as you please. You are a […]

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Post image for How "Piercing the Corporate Veil" Pierces Your Pocketbook

Have you ever felt “forced” to do something you really don’t want to do? Attending a family function for your in-laws, contributing to a particular charity you don’t care about for a colleague, sitting through Wagner’s Ring Cycle (or a WWE wrestling match) for your significant other–all come to mind. Now imagine if you had […]

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I’ve been saying this for a while: if you’re want to play in the Internet ballpark, you have to learn the rules. In his recent post, 5 East Ways to Get Sued on Facebook, Jonathan Bailey of Plagiarism Today clearly outlines, as the title promises, five ways you can get yourself in trouble on Facebook. You […]

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Post image for Your ‘Contractor’ Might Be an Employee

The amount of control you have over your workers affects their legal definition. Entrepreneurs continually face an age-old conundrum: You can’t grow your company without hiring more people. But you can’t hire anyone until the company has grown enough to afford employees. That’s why independent contractors are often an attractive option. They save business owners […]

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Strategic alliances, joint ventures, collaborations . . . whatever you want to call them . . . are very delicate creatures.  Like other relationships, your “intended” wants to feel special, wants to be comforted in the knowledge that there is a meaningful reason your two companies have come together.  You don’t want to find out […]

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Post image for When Friends and Family Finance Your Business

Don’t get sloppy: Handle transactions properly to preserve your personal ties. You’re ready to launch your new business. Your credit cards are tapped out, you rent your apartment (making you ineligible for a home equity line of credit), your personal credit’s less than stellar and your bank is not interested in lending you money for […]

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