AI has fundamentally changed how businesses operate. It can summarize documents in seconds, generate first drafts of nearly anything, and make complex information feel accessible. We use AI ourselves, and we believe every business owner should explore it.
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Exiting or selling a business can be a risky and uncertain endeavor. There are myriad advisors, consultants and other service providers around to give you advice. A wise seller will always consider the source to make sure the advice provided is in the seller’s best interests.
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For startups it's important to understand the differences between funding from venture capital firms and angel investors. This article takes a look at these differences and discusses some of the mistakes that startups make when securing funding.
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Most startups don’t have the need to wrestle with the problem of having too much cash. Usually, quite the opposite is true – they have too little. To compensate for this lack of cash, startups may try to pay employees and contractors (“service providers”) using equity incentives instead of cash.
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Startups generally have an idea, connections, or talent, or some combination thereof. To be sure, there are plenty of startups out there doing what everyone else is doing – another landscaping company, another food truck, etc.
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When I was younger, I believed letters of intent were a waste of time. I would say “just give me a purchase agreement with all of the proposed terms so we know the full scope of the deal.
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Almost every state in the United States has a data breach notification statute. Minnesota created data breach notification statutes some time ago, which provide, in part:Any person or business that conducts business in [Minnesota],
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The new version 3.1 of the PCI Data Security Standard (“PCI DSS”) is now available and provides clarifications and guidance on a number of PCI DSS requirements. For example,
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Essentially a “cap table” is a list of a company’s securities (in the form of stocks, warrants, options, etc.) and the holders of such securities. At the most basic level, a cap table shows who has an ownership interest in, or rights to an ownership interest in, the company.
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In light of the well-known costs of litigation, personal exposure to debts and various liabilities, and myriad statutory, administrative and other laws to comply with, why do so many sole proprietorships and general partnerships still exist?
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The age of “Big Data” is upon us. Big data is essentially a catch-phrase used to describe massive amounts of data (in one or more types or forms, and in varying varieties, complexities and velocities), that is so large as to be difficult to process or use efficiently.
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