Non-disclosure agreements are important tools for any company that shares confidential information with third parties For some companies, this confidential information may represent some of its most competitive assets. For others, the protection may be for the benefit of protecting the personal information of clients or employees. Whether working on a consulting agreement, service agreement, …
The first sale doctrine, or the right of first sale or first sale rule, is a legal concept that enables an owner of a good embodying a copyrighted work to resell it and defines the limitations for the resale. When someone buys a video game or a book or a movie, it insinuates that they …
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 »
Giveaways that are run on Twitch are subject to the same laws as giveaways (which vary from state to state in the United States). We’ve talked about the differences between giveaways (aka sweepstakes) and contests before and what can define a giveaway. So, are giveaways on Twitch legal? It depends If all of the normal …
Here’s a hint – not having these is one of the biggest mistakes digital creators can make. We’re not talking about tons of followers or amazing brand deals or even the best equipment. While those things are certainly nice, if a creator doesn’t have the right agreements in place for their team (and by team, …
What is one thing that most (if not all) digital creators need? Read More »
Last election day, Californians approved Proposition 24–adopting the California Privacy Rights Act (CPRA) to expand the state’s existing privacy law, the CCPA. Besides establishing a new enforcement agency and making it harder for state lawmakers to restrict state privacy law beyond the CPRA’s minimum standards, the new law makes substantial changes to California’s privacy regime. …
Five major changes to California’s privacy law your business should know about Read More »
Well, it’s safe to say that 2020 didn’t go in a way any of us could have easily predicted. We made some solid guesses on what might happen in 2020 and in 2019 but most of our predictions got derailed by the pandemic. That being said, here’s our thoughts and predictions on 2021 as the …
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, …
What is an operating agreement and do I need one? 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 …