One of the most common hurdles in starting a business is a lack of capital. Most entrepreneurs make use of their own funds in the early days (so-called “bootstrapping”). As demands for capital increase with the growth of new companies, entrepreneurs often turn to their friends and family to fund their business activities. When these […]

Disgruntled business owners often ask us at the Clinic “how could this happen?” This is frequently the question when a co-founder received equity in the business at its inception but then left the business for some reason. The following hypothetical illustrates this problem, and then we suggest a way to avoid this situation. Mary and […]

Maybe. And if so, it would an improvement over what working and middle-class people can afford now.   Most lawyers have probably seen by now the announcement that Arizona has become the first state to permit law firms to have owners that are not lawyers.  See, e.g., Bob Ambrogi, “Arizona Is First State To Eliminate […]