Employees and Consultants

The Contract ROI Trap

Several weeks back, 37signals asked “Employment Contracts: What are they good for?” on Signal vs. Noise. Basically, they questioned the value of their employment contracts since they have never had an employment dispute: “Why have we become so dependent on lawyers to control every relationship inside our companies? Why is “just in case” the default … Continue reading

What are ISOs?

A stock option grants you the right to purchase a certain number of shares of stock at a pre-established price. An incentive stock option (ISO) is a type of stock option that allows favorable tax treatment to the stock option holder. The main tax benefits of incentive stock options are that the option holder can: … Continue reading

Saks Does Not Take Restricted Stock

It’s no secret that a good founder team is an essential step for a successful startup venture. You hope that your co-founder has the mental toughness to stay strong through the bootstrapping process where short-term milestones typically go unrecognized and bank accounts dwindle. But what about your co-founder’s wife, husband, girlfriend or boyfriend? Your Partner’s … Continue reading

Labor Day Labor Law Links

Here’s a short Labor Day Weekend themed post. Check out the following links regarding United States Labor Law: United States Department of Labor Compliance Assistance Policy Fair Labor Standards Act Family and Medical Leave Act Employee Retirement Income Security Act Occupational Safety and Health (OSH) Act The links provided cover federal labor law and most … Continue reading

When to Use an Anti-raiding Provision

As an employer, you make countless investments in your employees. Whether your employees realize it or not, you commit major financial resources, time and training to make your staff a company asset. How do you protect your asset from being looted by a former employee? Consider adding an “anti-raiding” clause to your employment agreements.