3 Common Mistakes in Equity Incentive Plans

equity incentive plans

For most startups and/or small businesses, large sums of cash are not always readily available. Stock options or equity awards are a creative way for companies to incentivize employees or service providers with non-cash compensation. Often, these awards are known as stock option plans, equity incentive plans, or phantom equity. They are provided through a written agreement indicating how many shares the recipient is to receive, and when. Most plans require the recipient to be employed with or providing services to the business for a certain length.

Read More

Legal Compliance For Your Online Business

businessperson typing about legal requirements for their website

The proliferation of technology has seen many companies, both startups and developed, take their business online.  While it may be easy to set up an e-commerce platform/website, there are legal requirements that you should observe to remain compliant and in line with internet and data privacy laws.

 Here we highlight a few requirements you should have in mind while starting a website to be on the right side of the law.    

Read More

Legal Requirements for Starting a Small Business

Business people discussing the legal requirements for starting a small business

There are over 30.2 million small businesses running in the USA, and every year, a new set of ambitious, driven entrepreneurs set out to join them on their own promising ventures. 

But navigating the business of starting a business can be tricky, particularly from a legal perspective. So, if you haven’t done this before, or just want to brush up on the process, we’ve outlined a few things you need to know, as an aspiring small business owner.

Read More

Protecting Your Business in the Tri-State Area

business being done in tri-state area

To the surprise of many entrepreneurs and small business owners, you can’t just go out and start doing business wherever you want. You have to register your business, follow labor laws, and obey local licensing requirements. If your business is expanding into other states, mazel tov, your company is growing! Now for the bad part, things just got a whole lot more complicated. Instead of trying to comply with one state’s laws, now you have to figure out the laws of other states as well. But what exactly does this mean for your business? Do you have to comply with the laws of every state you are in? In this blog, we’ll discuss how you protect your company if you do business in New York, New Jersey, and Connecticut (the “Tri-state area”).

Read More