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Moving into a New Office: Understanding the Legal Terms in Your Lease

May 19, 2015 6:08:00 PM / by Vincent DiForte posted in Lease/Renter, Landlord/Tenant Disputes

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The process of moving your business into its first office space can be daunting. It isn’t easy to find the right space, in the right location and at the right price. When you finally do, you’re eager to sign on the dotted line, so you can move in as soon as possible. But before you pop the champagne (or keg!), it’s important to understand the critical terms in your lease. Doing your due diligence upfront is important because getting out of a bad lease exposes your business to substantial legal cost and liability.

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Event Series: Starting up Smart! A Legal Foundation for Entrepreneurs

May 14, 2015 2:39:00 PM / by Leyda Hernandez posted in Legal Basics, Initial Financing/Seed Funding, Series A Funding, Business Formation, Intellectual Property, Series B Funding

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About This Event Series

In Partnership with General Assembly

In this three-part series, top lawyers and startup experts will walk you through the legal aspects of launching a successful business. They will demystify business formation, explain how to protect your intellectual property and discuss fundraising options for startups. 

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Mother’s Day: Is It Time to Rethink Your Maternity Leave Policy?

May 7, 2015 4:22:00 PM / by Vincent DiForte posted in Employment, Employee Handbook/Benefits, Employment Litigation, Discrimination and Harassment Policies

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For small businesses and startups determining what employee benefits to provide your employees requires balancing a tricky combination of regulatory compliance, allocation of limited resources and marketplace competition. However, business owners may be surprised to learn that Social Security, unemployment insurance, worker’s compensation and unpaid family or medical leave are among the very few employee benefits that are often mandatory under federal law.

Absent a specific law in your state, most employee benefits in the United States are subject to employer discretion. Among these voluntary benefits is paid maternity leave. Unless you conduct business in one of three states--California, New Jersey and Rhode Island--that require paid family leave, your business is not required to guarantee paid maternity leave.

But paid maternity leave is gaining steam as one of the important benefits to ensure that your business can remain competitive in the marketplace. A survey of startup companies ranging from seed stage to post-IPO indicated that more than half of companies as early as Series A offer paid maternity leave and 100 percent of later stage companies (Series D to post-IPO) offer paid parental leave. Below we explain why paid maternity leave is a rare benefit in the United States, but why you may need to think about offering it earlier in your business’s life cycle to attract and retain top talent and even to improve your bottom line.  

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Are Your Administrative Professionals Protected Under the Fair Labor Standards Act?

Apr 22, 2015 5:18:00 PM / by Vincent DiForte posted in Employment, Employment Taxes/Employee Classification, Taxes

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Administrative Professionals’ Day is a time to thank staff who are crucial to supporting and running your business.

However, the broad term “administrative professionals,” which encompasses a range of job titles and responsibilities, can create costly confusion for employers attempting to classify employees for compliance with state and federal wage and hour regulations. 

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Tax Day Concerns: Properly Filing Your Business Tax Returns

Apr 15, 2015 9:30:00 AM / by Vincent DiForte posted in Incorporation, LLC, Business Formation, Taxes

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Filing your taxes can be an arduous endeavor, especially for a business owner. With Tax Day upon us, you may find yourself, at best, worrying if you’ve taken all the proper deductions on your tax return or, at worst, scrambling at the last minute to meet the deadline.

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Data Privacy For Your Startup: From Cost-Effective Tips to Privacy Statement Essentials

Apr 10, 2015 11:29:00 AM / by Maia T. Spilman posted in Featured Authors, Technology, Privacy Policies, Terms and Conditions, Data Security

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As indicated by the audience of the What To Do If You’re Hacked & Other Data Privacy Best Practices for Startups event last week, startups are taking notice of privacy issues and are interested in protecting their businesses. Emerging businesses should recognize that big companies, such as Target and Uber, are not the only ones facing security breaches and data privacy issues.

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Event Recap: What To Do If You’re Hacked & Other Data Privacy Best Practices for Startups

Apr 6, 2015 2:53:00 PM / by Vincent DiForte posted in Legal Basics, Technology, Privacy Policies, Terms and Conditions, Data Security

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Last week, Priori Legal’s monthly Meetup, which was co-hosted by Nomad Financial and Founder Shield, focused on the topic: What To Do If You’re Hacked & Other Data Privacy Best Practices for Startups. Priori data privacy lawyer, Maia Spilman, and startup expert, Peter Crysdale, discussed best practices and common missteps around data privacy and security for startups.

In case you missed it, here is a summary of the top ten takeaways from the event so your company can implement proactive measures to protect your customers’ data and your reputation.

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Clear Your Calendar: Join Us on 3/31 for Data Privacy Best Practices for Startups

Mar 18, 2015 3:06:00 PM / by Leyda Hernandez posted in Priori Updates

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The Legal Ins & Outs of Employee Handbooks: 10 Things You Need

Mar 18, 2015 10:00:00 AM / by Vincent DiForte posted in Legal Basics, Employment, Employee Handbook/Benefits

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How should you handle a situation where one manager fires an employee for taking a 2-hour lunch and another only gives a warning?  How can you communicate rules and procedures around working from home?  What should you say to an employee whose attire is unprofessional?

An employee handbook can help with all of these situations and more. Employers struggle to communicate consistent policies and broach sensitive topics, so talk to a lawyer about drafting an employee handbook to help.

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Business Insurance Is More Than Just a Backstop

Mar 17, 2015 12:35:00 PM / by Carl Niedbala posted in Legal Basics, Entrepreneurship, Corporate Governance, Investor Agreements, Featured Authors, Partnership Agreements

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It’s easy to see insurance as a simple add-on when a startup is just getting off the ground.  Buying business insurance is not a priority compared to objectives like building a minimum viable product, acquiring users, generating revenue, or finding investors.

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