Employees below “C level” (CEO, CFO, etc.) are unlikely to get rich on their salaries alone. The more usual way to make serious money from a job is to get some form of equity-based compensation. Employee equity is often granted via an Employee Stock Ownership Plan, or ESOP. About 7,000 companies in the US have … Continued
So you’ve just been offered a job. YAY! You COULD just sign your employment contract, then head out to upgrade your collection of business-casual khakis. Or, you could actually READ it. Ick, you say. Why ruin a new-job buzz with all that boring legalese? After all the job hunting, resumes, and interviews, why rock the … Continued
We’re honored that EvolveLaw recently ran a guest blog on fundraising issues for startups from our CEO and Founder Noory Bechor. Noory’s looked at startups from both sides – initially as a lawyer for venture capitalists and other investors, and now as the CEO of LawGeex. As Noory writes: According to the management maxim known … Continued
Most people (roughly 88%) don’t read terms of use and privacy policies for three reasons: They’re written in incomprehensible legalese. They’re boring as hell. What’s the point? You’re still going to use the site regardless…. right? We used to have the same awful website terms as everyone else. Our users rightly pointed out that this … Continued
Scroll down to the bottom of pretty much any website and what do you see? Among the other small-font links, you’ll probably find something labeled “Terms of Use,” “Terms of Service,” “Privacy Policy,” or just “Legal.” When you’re launching a new business website, you know that you need something like that yourself. All the other … Continued
Legal training doesn’t end in law school. Every client continues a lawyer’s training – for better or for worse. Your lawyer may already be well-trained, or may have picked up some bad habits over the years. You may need to break those bad habits, or you may have a new lawyer who hasn’t been properly … Continued
People routinely make New Year’s resolutions, and just as routinely break them before January is over. How can you make resolutions for your startup or small business that you can actually stick with? Habit-Forming Some resolutions are one-shots: this will be the year you lose 20 pounds, finally get the new website up, or find … Continued
Unless you run a retail store, a pizza delivery service, or a bowling alley, the week between Christmas and New Year’s (also known as WAC – the “week after Christmas”) is probably the slowest, quietest time of the year for your startup or small business. About 26% of businesses, small and large (such as Oracle), … Continued
Understanding Consumer Warranties This is the time of year when many people splurge on big-ticket items for themselves and their family members, but when these gifts break they often end up in the trash because of warranties that are either too complicated to comply with or expire too soon. Warranties aren’t required by law, but … Continued
