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The Three Agreements to Know When Reviewing a Job Offer

Jul 1, 2015 1:37:29 PM / by Vincent DiForte posted in Legal Basics, Employment, Equity Plans, Employment Contracts, Intellectual Property

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Congratulations! After a lengthy and stressful interview process, you got the job you’ve been coveting. While you may be excited, it’s important to review the terms of the offer carefully. Before signing on the dotted line, you may want to enlist a lawyer to ensure that you understand the various agreements that will establish your new employment relationship.

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Regulation A+ & the Expanded “Mini-IPO”: What Your Startup Needs to Know About the New Rules

Jun 18, 2015 1:05:07 PM / by Valerie Pinkerton posted in Initial Financing/Seed Funding, Series A Funding, Stock & Securities Offerings, Mid-Level Financing, Series B Funding, Legal Industry

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On June 19, Regulation A+ will go into effect, replacing Regulation A under Section 3(b) of the Securities Act. Regulation A allowed issuers to raise up to $5 million in a 12-month period through the sale of securities to both accredited and unaccredited investors. To accept this type of investment, an issuer was required to complete a “mini-registration” with the SEC and comply with state requirements. The “mini-registration” was intended to be less onerous than a regular IPO.

With fewer restrictions and simpler filing requirements, the new rules have the potential to allow entrepreneurs to raise more money much more easily than under the previous regulations. Below we examine what these changes mean for your business and how you can take advantage of the new regulations.

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Event Recap: 'Starting up Smart! Phase 3 - Legal Tips for Fundraising Success

Jun 17, 2015 3:15:00 PM / by Vincent DiForte posted in Legal Basics, Finance & Securities, Initial Financing/Seed Funding, Series A Funding, Investor Agreements, Stock & Securities Offerings, Series B Funding

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Last week, with General Assembly, Priori Legal hosted a seminar for entrepreneurs looking to raise funding for their startups. The event concluded a three-part series in which Priori’s network lawyers educated startup founders about the legal aspects of getting their business up and running.

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Event Recap: 'Starting up Smart! Phase 2 - Using Intellectual Property to Protect Your Company'

Jun 9, 2015 11:43:39 AM / by Vincent DiForte posted in Intellectual Property, Trade Secrets, Trademark, Patents, Licensing, Copyright

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Last week, with General Assembly, Priori Legal hosted a seminar for entrepreneurs to learn how to identify and protect their intellectual property. The event was the second of a three-part series in which Priori’s network lawyers educate startup founders about the legal aspects of getting their business up and running.

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Event Recap: 'Starting up Smart! Phase 1 - Get Started with the Right Legal Foundation'

Jun 1, 2015 5:18:00 PM / by Vincent DiForte posted in Legal Basics, Incorporation, LLC, Business Formation, Priori Updates

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Last week, Priori and General Assembly hosted the first event in a 3-part series to help new entrepreneurs launch successful business ventures. In the first seminar, Priori lawyer David Davoli and Triberr founder Dino Dogan covered the basics of company formation, including entity types, states of formation, proper legal documentation and co-founder relationships.

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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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