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When you’re just beginning as an entrepreneur, you are not only the chief operating officer of your company, but you also haul your own trash and write your own contracts. While being your own trash collector might not harm you if you do it incorrectly, being your own business lawyer could eat your money unless you learn some basics about writing contracts. Here are seven things that could help you when drafting your own agreements. Start with templates. Even lawyers rarely draft contract from scratch. There are many online services that will sell you basic contract templates for $25-$75. Buy several Continue Reading →
Most people don’t take time to read the contracts they sign. That’s dangerous because your signature is taken for an admission that you’ve read the document. As your business grows and you begin outsource, you’ll hire a good business attorney to handle contract review and negotiations for you. Until then, you need to be responsible. Unfortunately, many contracts seem daunting because of their length and because you don’t know what to look for. So for the hurried entrepreneur who doesn’t have a lawyer, here are the seven must-read sections in contracts you are asked to sign. What are each party’s duties? When someone Continue Reading →
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In this article, another lawyer mentions one little understood thing about limited liability in any corporate form: your LLC or corporation protects you from personal liability for wrongful acts committed by employees and subcontractors, but it does not protect you from personal liability for wrongful acts you commit personally. I disagree with the rest of the article. You will always benefit from converting your sole proprietorship to an LLC. For a full discussion of why that is true, contact me for a free short consultation on converting from sole proprietorship to LLC. Or just sign up for our next LLC startup workshop. Argent Place Law, PLLC focuses Continue Reading →
Hiring and compensating people using equity pose lots of questions. Do you know how to find the answers? “I am an entrepreneur who is bringing on someone who wants to be a 10% equity partner while they also work in the business. What must I do legally, and how should I do it?” We hear this question frequently. An entrepreneurial business needs help in some critical area. A friend or acquaintance of one of the founders wants to fill that support role, and is so enamored with the business opportunities that he wants equity. First of all, nothing is legally REQUIRED to bring on an equity Continue Reading →
Argent Place Law is very proud to announce that we are starting 2018 with two additional attorneys, Dr. Edward Maggio, Esq., and Charles DeLeon, Esq. We now have four attorneys in the Law Firm For Entrepreneurs. Edward is super-educated with a PhD in Comparative Religion from University of Sedona, a JD from New York Law School, and a Master of Science in Law from Oxford University in England. He’s been an adjunct professor at Dowling College and a principal in his own law firm. Dr. Maggio has 14 years experience practicing law in the areas of contracts, commercial transactions, and business Continue Reading →
The Purpose of Argent Place Law
Argent Place Law, PLLC serves businesses and business leaders in matters of business law, intellectual property law, and succession planning. Business law issues include contracts with customers, vendors, and partners as well as corporate law and corporate governance. Intellectual Property law issues include filings and strategic licensing for trademarks, patents and copyrights, and how to manage trade secrets. Succession planning incorporates business planning for an equity sale or asset sale as well as the integration of the business succession plan with personal estate planning through wills and trusts.