What is a PPP loan and do I have one? A Paycheck Protection Program (PPP) loan is a loan that is backed by the Small Business Association (SBA) to provide economic relief to businesses adversely impacted by COVID-19. If a business owner applied for economic aid under the CARES Act, they probably have a PPP …
Can I raise money or sell my business when I have a PPP loan? Read More »
An operating agreement is an internal document that outlines how a limited liability company will be run. Basically, it includes everything the founders want to document about how to run their business. Operating agreements can include all kinds of provisions, including specifics about when and how distributions are declared, who will serve as the managers, …
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The International Game Developers Association (IGDA) is running a Holiday Cheer Hackathon through January 3rd, 2021, to share well wishes and traditions from all around the world. The Holiday Cheer Hackathon is providing support and community to all developers who may be unable to see friends and family during this holiday season. Odin Law and …
Odin Law and Media Sponsors IGDA Holiday Cheer Hackathon Read More »
One of the biggest questions we get involves whether an entrepreneur should form a limited liability company (LLC) or a corporation when starting their business. We have previously written about different types of entities and provided an overview of several types of entities, including corporations and LLCs. This post focuses exclusively on the differences between …
A limited liability company (LLC) is one structure for a business. There are a few different ways to structure your business. However, we have a more in-depth overview of the entity types here. In order to set up an LLC, an individual or organization should follow these steps: Pick a name This is possibly the …
It’s that time of year when Delaware corporations start receiving franchise tax notices for annual taxes due by March 1st. Business owners may be shocked to see the total amount due for their corporation but they shouldn’t panic; they could owe significantly less than they think. Delaware has two methods for calculating annual franchise taxes: …
In the United States, the average turnout hovers between 50-60% of the population. In 2000, roughly 50.3% of the eligible voting age population showed up at the polls. In 2016, roughly 55.5% of the eligible voting age population showed up at the polls. In 2016, the 55% VAP turnout put the US at 26th out …
As a law firm with several video game attorneys on staff, everyone is a gamer in their own right. Here’s what we’ve been playing this fall: Brandon Huffman, Attorney & Founder Luigi’s Mansion 3 by Nintendo (Nintendo Switch), Call of Cthulhu (Tabletop) As we get closer to Halloween, my son and I are getting closer to finishing the …
We’re excited to issue a warm welcome to Stephanie Fields, our newest Attorney. Stephanie Fields, Attorney Stephanie’s practice focuses on startups and small businesses, from formation to exit events and everything in between. As a former grant reviewer at NC IDEA and a former advisor at the Small Business Center of North Carolina, she’s passionate about …
On Saturday, September 19th, Brandon J. Huffman will be presenting at PAX Online 2020 along with Yan Perng (Associate General Counsel, NCSOFT), Ryan Black (Partner, DLA Piper), Angelo Alcid (Cloud Partner Contracts Manager, Google), Genie Doi (Of Counsel, ESG Law), and Matt Dobill (Associate, Frankfurt, Kurnit, Klein & Selz). The topic will be: Ask Game …
Brandon J. Huffman to Present at PAX Online 2020 Read More »