Very often we get questions from clients regarding “authorized” – “issued” – and “outstanding” shares and what the terms mean in the context of corporations and raising money. Below is a quick explanation of the terms; thanks for reading. Authorized Shares means the total (read, total ever that could be) shares a Corporation can create or “cut … Read more
A recent New York Times article discussed hidden costs associated with remote work, as well as some benefits that can be intangible and thus hard to measure. I have been thinking about the ups and downs of remote work for a while— this is logical for me considering I have experienced various remote professional and … Read more
As a business owner, you are no doubt very busy: you are building your brand, perhaps considering applying for applicable trademarks, contracting with clients and vendors, or even considering selling or buying a business. Some of the small details associated with these events can seem trivial and unnecessary. When clients approach business lawyers with these … Read more
If any readers have ever gotten in touch with OG+S regarding a potential trademark application, we have likely mentioned the possibility of doing a “preliminary screen” for your mark. This process, sometimes also referred to as a “knockout search”, helps trademark applicants get a sense of the field before they apply. Here at OG+S, we … Read more
There has been a bit of upheaval over the past few years, and it doesn’t look like 2023 is going to suddenly calm itself down. That means we continue to have the choice on how we view the external world and act upon our assessment. I propose that there are two dichotomies of options presented … Read more
Many of the readers of this blog are busy people—and life only seems to get busier by the day. As Erin discussed in her recent post about delegation and its benefits, time is finite, and taking time to do one task means you can’t do another at the same time. That ties into an idea … Read more
After a long hiatus from this blog, I decided it was time to revisit S-Corps. If you are unfamiliar with S-Corps, go check out Collin’s first and second posts on S-Corps, which provide helpful context. With the foundation laid for the basics of S-Corps, we can turn to the main focus of this post: electing … Read more
We’ve talked about why we should delegate and what and when we should delegate. All of that is great unless we don’t actually do it or do it poorly. So today, we’ll provide some pointers on the how we can delegate successfully. First, choose the correct person for the correct task. Each team member has … Read more
Last week, I talked about why we delegate. Great, now we’re sold! But what do we delegate and when? Not every task can be delegated. Before simply handing off a task (especially menial ones), consider whether you can eliminate it in the first place completely. If it doesn’t need to be done, then we do … Read more
Delegation is important for proper efficiency for any organization. In a series of three posts, I discuss why, when, and how to delegate. First up, why should we delegate tasks? Why? There are two main reasons to delegate: You and Them. A lot of ink is spent on the first, and that is the part … Read more