Vital to the success of a growing enterprise is the effective management of employment documents. This process, however, if not structured properly, can evolve into a highly chaotic and messy proposition. Typically under the auspices of an HR Department, the purpose of these documents is to clarify the rights, accountabilities, and expectations for successful workforce […]
When Corporate Governance Fails Humans have organized the world through an infinite string of agreements and social contracts. Whether people agree to stop at a red light or get in line at the grocery store, a functioning society depends on these kinds of agreements. Managing organizations like nonprofits and corporations require layers of agreements between […]
Maintaining a clean, paper trail of securities transactions is a prevailing issue for many companies. At the nexus of this is SEC Rule 144, which stipulates that certain conditions must be met in order for the sale of securities to take place. The effective tracking of securities is vital for private companies seeking to enter […]
What Is an Option Pool? An option pool consists of shares of stock reserved for employees of a private company. The option pool is a way of attracting talented employees to a startup company - if the employees help the company do well enough to go public, they will be compensated with stock. Employees who get into the […]
A “Cap Table” (short for “Capitalization Table) is a document, typically in the form of a spreadsheet or table, that offers a snapshot of a company’s equity capitalization and total market value. While commonly used by startups and early-stage businesses, cap tables have utility for all types of companies. In the case of a new […]
How to successfully Raise Capital Are you finally at the point where you need to develop a better process to raise capital? Every successful task requires a good process. The more difficult and time consuming a task the more essential an effective process becomes. When it comes to raising capital, this can translate to whether […]
Consciously or unconsciously, there are three desires every business owner strives for: They are time, money and significance. Sadly, however, most find themselves at the whim of a never-ending flow of demands on the entrepreneurial journey. As a result, their businesses often never reach a place where they can untether themselves to enjoy the fruits […]
Data rooms are cloud applications that facilitate the secure storage and sharing of confidential information, including business documents. These virtual constellations are now the norm and are rapidly replacing the need for actual physical documentation. Properly administered, these systems represent an additional layer of security for business documents. They can also reduce friction when it […]
The year was 1993. I registered my first corporate entity, an S corporation for a new Chicago-based business I’d decided to launch. Several months later I sat in stunned amazement after receiving a voluminous three-ring binder with all of my documents. “Yipes”, I thought. “What have I gotten myself into?” Keep in mind that these […]
