The short answer is: That’s not what they were designed for. The longer answer is that you shouldn’t use a standard SAFE note to raise capital with an LLC, because it specifically contemplates a type of investment that LLCs cannot do. Namely, a priced, preferred stock round with a venture-capital firm. Most venture capital firms … Read More
One of the more common refrains I hear from clients is the phrase “I want to limit my liability to the maximum extent possible.” And I think most lawyers are thrilled when they hear this, because it means the client is risk averse and wants legal services. But the expression always gives me pause. I … Read More
How do you know if you’ve found the right lawyer? It should be obvious. As in, you should know within the first few minutes of talking to them. If, after a 15-minute conversation with a prospective lawyer, you don’t immediately see the potential benefits from that relationship, you should probably seek out a different professional … Read More
Could you imagine if someone went to a restaurant and said: “Hey, chef, I was looking on the internet and I found a bunch of recipes I liked. So I cooked a five-course meal, with appetizers, starters, salad, dessert, and the whole shebang. But I’m not sure it tastes all that great so I was … Read More
You don’t need to be an experienced attorney to file for a trademark. It’s not that hard. Don’t get me wrong: If you don’t know what you’re doing, there’s a good chance you’ll get it wrong. But it’s not that hard to do. You’ll have to spend a whole bunch of time online reading and … Read More