100 Blogs Every Entrepreneur Should Read

The folks at Bootstrapper have published a list of 100 Daily Must-Reads for Entrepreneurs. The list is organized by categories such as capital raising, managing debt and risks, staff management, venture capital, small business issues and marketing. I haven’t had the time to visit all 100 blogs yet, but so

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Buy-Sell Agreements: The Cross-Purchase

The cross-purchase is one of the two main ways (“stock redemption” the other) a buy-sell agreement can be structured to provide your company with a succession plan. Under a cross-purchase plan, each company shareholder agrees in advance to buy the shares of the withdrawing shareholder while the withdrawing shareholder agrees

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Venture Capital: here today, gone tomorrow?

The tech staff at FORTUNE recently published a blog article about the long-term prospects of the venture capital industry. Indeed, the venture capital industry is currently facing pressures (potential higher taxes on gains, competition from angel investors because of startup’s reduced capital needs, etc.). But these headwinds are temporary obstacles

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Why every entrepreneur should listen to 2Pac

Most people would not consider 2Pac a source of wisdom or inspiration–but entrepreneurs are not like most people. Every entrepreneur knows to seek mentorship and guidance, but successful entrepreneurs know these sources should not be limited to those with fancy offices or degrees. If you take the time to listen

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The Startup Lawyer 2.0

As you can see, I refurbished The Startup Lawyer blog. I hope you find it both visually pleasing and easier to access content. There are still a few minor formatting kinks to work out in the next few days, such as the “sidenotes” section and newsletter function. I will also

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How Well Do You Know Your Business Partner?

“Not to trust another human until he’s checked out by every kind of background check you can check.” That’s the lesson one entrepreneur unfortunately learned after a business partner mismanaged their ventures’ funds. His partner’s mismanagement had catastrophic consequences for their companies and employees. Does this mean you should hire

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What 300 Can Teach You About Business Law

Entreprenuer.com recently published an article entitled “A Spartan’s Guide to Business” in reference to the blockbuster “300.” The article highlights 3 business lessons that are to be learned from the movie: Your CEO needs to be a strong leader. Train your employees and foster a culture that promotes loyalty. You

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What is a Leveraged Buyout?

A leveraged buyout (“LBO”) is a strategy where someone acquires an existing company using a significant amount of borrowed funds. Typically, the assets of the company being purchased are used as collateral for the borrowed funds. This allows someone to acquire a company without having to outlay a lot of

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Negotiate the Basket

In the world of mergers and acquisitions, a “basket” is the amount of damages that must be suffered by the acquiring entity before it can recover from the seller under the indemnity provisions of the acquisition agreement. Three main issues arise in drafting the basket clause: (1) Size–Typical basket amounts

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