THIENEL LAW BLOG
Financing Your Business: How Do SAFEs Compare with Other Types of Capital Raises?
Financing your business might seem overwhelming. You cannot grow your startup company without funds. However, what is the best way to finance your business while protecting your company and your personal assets?
Financing Your Business: SAFEs vs. Convertible Notes - Which is Best?
It can be difficult for an entrepreneur to obtain seed money for a new startup. Investors want to see a valuation for the company. However, without initial capital investments, getting the company off the ground to create value might be difficult.
Financing Your Business: How Do Convertible Notes Work?
The convertible note, also called a convertible bond, is a financial instrument that lets its holders exchange them for equity in the company. These instruments are usually issued by corporations and governments to raise capital.
Rule 504: Everything You Need to Know
The 1929 stock market crash was the catalyst for federal laws designed to protect investors from companies that made dishonest claims about the financial stability of their businesses.
Liquidated Damages in NDAs
An NDA or nondisclosure agreement protects a company’s sensitive information, trade secrets, and intellectual property. The agreements prohibit employees, vendors, contractors, and other parties from disclosing the company’s confidential information. The agreements also outline when a party can disclose information and the guidelines for doing so.
Copyrights: A Primer
United States copyright laws protect an original work of authorship, so the creator has the legal right to control the release, use, and distribution of their creations. If you are unsure whether you need to copyright your material, it helps to understand the basics of copyrights. This primer has answers from our Maryland business attorney to frequently asked questions about copyrights.
Trademarks: A Primer
A common question clients ask attorneys is whether they need to file trademarks for their intellectual property. However, many people are unfamiliar with what trademarks protect, how to register a trademark, or how trademarks benefit their business. Our Maryland business attorney answers these questions in this primer about trademarks.
Top 5 Tips When Selling Your Business
You might know your company inside and out but not know how to start when you decide to sell your business. Not to worry. Here are the top 5 tips when selling your business that could help you avoid making mistakes or having regrets later.
The Inflation Reduction Act: What Does it Mean for Tax Payers in 2023 (and Beyond)?
On August 7, 2022, the United States Senate Passed the Inflation Reduction Act (“the Act”) along party lines by a vote of 51 to 50. The House of Representatives passed the bill without changes, and President Biden signed it into law on August 16, 2022. Experts and politicians disagree about whether the Act raises or lowers the deficit.
Corporate Policies and Procedures: Adapting to Remote Work Environments
The COVID-19 pandemic thrust nearly everyone into a different way of working and doing business than ever before. People had to quickly adapt to working from a home office instead of going into the office every day. Many places are open again, but with some significant differences.
Reducing Liability for SMBs
If most people realized how much risk they face every day when owning a small or medium-sized business (SMB), they might think twice about being their own boss or having an ownership interest. Thankfully, there are ways to protect yourself and your personal assets from getting taken by a creditor or someone to whom you might have liability.
Step-By-Step Guide to Forming A Business in Maryland
For many, part of the American dream is about starting your own business. If you work hard enough and smart enough, you just might make a bundle doing what you love. One roadblock holding many people back is not knowing how to start a business.
Legal Issues to Consider When Moving Your Business to the Metaverse
When your company ventures into the online world of the metaverse, you will want to plan the expansion of your business carefully so the potential financial rewards do not get offset by some of the various problems inherent in this arena. The first step of your metaverse planning should be to educate yourself on the risks. The second step is to develop a strategy to protect your assets and minimize liability exposure.
Crafting Your Business Succession Plan
Most people are not content simply to walk away from a company they built without having any input about who will follow in their footsteps and how the business will function in the future. If you have partners, you should have a plan to make things go smoothly if one of them suddenly retires, dies, or has to leave the company. A business succession plan can address both of these issues.
Can My Business be Taxed When it Operates in the Metaverse?
While trying to describe the Metaverse with precision is a bit like trying to nail Jello to the wall, it can be even more challenging to discuss tax issues of the Metaverse. The Internal Revenue Service (IRS) has not yet provided much guidance on the taxation of operating in the Metaverse, but you can bet they will find a way to tax Metaverse transactions, capital gains, and profits.
Is Your Business Running Afoul of the Maryland Consumer Protection Act?
If you do business within Maryland involving selling, lending, leasing, renting, or creating bailments of any consumer services, goods, or realty, you need to understand the Maryland Consumer Protection Act to make sure you do not violate its requirements. Consumers could file a complaint with the Maryland Attorney General’s Office or sue your company directly for money damages and their attorney fees.
Best Practices When it Comes to Crafting Severance Packages
Parting ways with an employee who has been with your company for several years or longer can be unpleasant and uncomfortable. A well-thought-out severance package can soften the blow for the employee and help your business avoid legal claims and a damaged reputation. With the difficulty many industries are experiencing in recruiting, hiring, and keeping top-quality personnel, a fair severance package is necessary to stay competitive.
10 Tips for Growing a Successful Business in 2023
The economy is recovering from the hits it took during the last couple of years when the pandemic turned lives upside down. Despite the uncertainty caused by global events, many entrepreneurs are finding this is a good time to launch or grow their businesses.
What Types of Business Insurance Do I Need?
Having the right kinds of business insurance can make the difference between staying in business after a catastrophe and watching your life’s dream of owning a business disintegrate. When you own a business, you likely search for ways to cut expenses, but saving a few dollars on insurance premiums could cost you everything.