Selecting and protecting your “brand” should begin from the very moment a business is in the process of being formed, whether that business is a sole proprietorship, partnership, corporation, limited liability company, or some other type of entity. It makes no difference whether the entity is a for-profit or not-for-profit organization, and the size of the entity is also irrelevant. Your “brand” is your public facing identity by which you will be known and through which your reputation will be developed. The goodwill you develop in your “brand” will be one of the most important and valuable assets you own.
By Amy Burkhoff
The Series limited liability company (the “Series LLC”) is more nuanced than an ordinary limited liability company, and for the right user, it provides flexibility that will streamline administration better than other alternative entities. Although there are some risks and uncertainties relating to the Series LLC, as discussed further below, the Series LLC is a useful tool to create a series of limited liability companies in a single vehicle, preserving limited liability and reducing the administrative expenses necessary to organize different lines of business or manage different properties.
After being in the insurance industry for several decades in a variety of roles, I frequently get asked which insurtechs I think are going to be successful. In sum, I believe the insurtechs best positioned for success are those that are unlocking entirely new markets, thinking past the standard producer model, adding additional revenue streams, and utilizing distribution channels that allow them to efficiently reach more customers. Here are some of the topics our panel discussion focused on at InsureTech Connect 2017.
Asking the right people for the right advice can mean everything for your startup.
Jeremy Glaser’s #1 piece of advice. It is so simple, and yet so many people totally miss the mark.
Learn the main goal of your business plan’s executive summary, and how you can achieve it.
Is there such a thing as “dumb” money? Not all money can open up doors.
Why you shouldn’t seek an investor (and board members) just because they have a lot of cash. Seek the right investors; the ones that will provide value.
The most common topic entrepreneurs fails to tell an investor, and it is the one thing investors want to hear.
Practical insight on how to address the valuation question in a meeting with VCs, and how to get a second meeting.
Want to keep your job as CEO? Jeremy Glaser believes that you need to treat your board like you treat others in all successful relationships – from your company to your marriage!
Hear Jeremy Glaser talk about how if Netscape didn’t do this, it probably would not have changed the world. Find out why complementary team members are essential to your company’s success.
Watch Jeremy Glaser discuss the most important way to protect your limited dollars in the early stages.
Watch Jeremy Glaser discuss what he's learned in 34 years of working with startups. From how to craft a term sheet to how to find the right investor, Jeremy shares what he thinks every entrepreneur needs to know.
Historically, most start-up companies were funded either by the offering of equity or by loans in the form of convertible promissory notes. Recently, however, there have been some hybrid instruments created to fund start-ups. Most notably, and quite popular these days, is the use of an instrument called a SAFE. “SAFE” is an acronym for “simple agreement for future equity.”
On July 13, 2017, the U.S. Tax Court issued its opinion in Grecian Magnesite Mining, Industrial & Shipping Co., SA v. Commissioner, in which the Tax Court held that a non-U.S. person who sells an interest in a partnership engaged in a U.S. trade or business generally is not subject to U.S. federal income tax, except to the extent such interest is attributable to the non-U.S. person’s share of the partnership’s U.S. real property interest.
Hear Mintz Levin's Daniel DeWolf and David Rose from Gust on the best ways to form your company, including the differences between LLCs and C-Corporations
Recently, Uber agreed to a proposed Federal Trade Commission (FTC) consent order (“Consent Order”) to settle charges in an FTC complaint (“Complaint”) regarding behavior stemming back to at least 2014. Acting Chairman Maureen K. Ohlhausen has stressed the implications this has for other companies:
Recently, the Electronic Privacy Information Center (“EPIC”) asked the FTC to begin an investigation into a Google program called “Store Sales Management.” The purpose of Store Sales Management is to allow for the matching goods purchased in physical brick and mortar stores to the clicking of online ads, or as we refer to the practice, “Bricks to Clicks.”
If you are one of the many businesses licensed by the New York Department of Financial Services (DFS), and cannot avail yourself of the (very) limited exemptions, you must be ready for the first compliance transition date for the stringent DFS cybersecurity regulations – August 28, 2017.