On July 1st, the threshold requirements ramped up for Illinois schools and the software vendors that provide them services under the Illinois Student Online Personal Privacy Act (SOPPA). Most of the new requirements fall within the purview of the schools, such as maintaining a publicly available list of all software vendors providing software to … Read more
Time flies when you’re having fun. In November & December 2018, I wrote a series of posts about ownership dilution in the context of startup fundraising – it seems like it was yesterday – but apparently it was more than two years ago! If you’re interested in checking out those posts, they’re available here and … Read more
One of my favorite things to do is help someone buy or sell a business. It is often either the grand finale for the owner of a successful company or the beginning of one for new owners. No matter if I am representing the buyer or the seller, it is exciting. Also, regardless of who … Read more
We work with a lot of entrepreneurs and start-ups. Heck, at 5 years old, our firm is just getting out of the toddler stage! So, I get asked a lot about the “how.” How do you start? How do you know what to do? How do you scale? We can answer a lot of the … Read more
People are weird. It really boils down to that. And I’m not excluding myself from that categorization at all. All people are weird. Need proof? Veblen goods are proof. A Veblen good is a good where demand rises as price rises. See?! Weird. But, it turns out that people are weird in a somewhat predictable … Read more
I’ve been doing some research lately about the concept of decision fatigue. What can I say, I’m a nerd. But I have found it fascinating. Decision fatigue is the idea that people get tired of making decisions, and as such either stop making them or are more likely to make poor decisions. There is actually … Read more
Creating your Corporation or LLC is the first step towards the success of your new enterprise. But, as every entrepreneur already knows, creating the corporation (i.e. “mailing it in”), is only the first step. Here are a few additional items you should think about after your Articles of Incorporation have been filed with the WDFI. … Read more
You may already know a bit about notaries. That’s when you have to show your driver’s license and sign a piece of paper so the person who pretended they were a bouncer while looking at your ID can put a stamp on the paper confirming that you are you. Or as the Wisconsin Department of … Read more
I’ve written about this topic before, but it keeps reasserting itself in client questions, comments, and requests on a regular basis – so, I suppose it’s time to write about it again. “We want a quick one page agreement.” “Collin, I need a simple commercial lease, no more than three pages.” “They don’t like written … Read more
For a relatively short and simple document, a corporate resolution can be of the utmost importance. The use of corporate resolutions is imperative to the lawful continuation of your business. So today, I am going to walk you through the basics of corporate resolutions and why they are so important. What is a corporate resolution? … Read more