As we all know successions are rarely easy, but unexpected transitions pose a significant risk to family businesses. When Herbert Fisk Johnson, Sr., the leader of SC Johnson, died unexpectedly in
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Approximately 16% of patents change hands during their lifetime. A patent in the right hands can be a win-win for both the buying and selling firms, as well as for consumers who can benefit from the
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A prenuptial agreement (prenup) is a legal contract between prospective spouses to modify the terms of their marriage that would otherwise be governed by state law. Although a prenup does not mean
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Small companies with a promising technology or service often look to partner with bigger firms to get access to money, distribution channels and manufacturing facilities they need to help their
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Editor’s note: This article is co-written by a member of the board of editors at EIX.org from The Richard M. Schulze Family Foundation, which is a funder of a Next Avenue. The new, buzzy Netflix
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This is Part 2 of Legal Pitfalls to Avoid in Founding a Startup, where we continue our discussion of common legal, regulatory, and fundraising mistakes that derail even the most promising startups.
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Fail fast is a catchy phrase intended to suggest moving on quickly if a business idea flops. It should not be taken as a license to recklessly trip over basic legal, regulatory, or fundraising
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The #MeToo era has created new challenges for entrepreneurs and startups. Cautionary tales abound of startups whose hard-partying culture resulted in sexual harassment, hostile work environments and
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In 1979, Personal Software began selling Visicalc, the first personal computer spreadsheet. Visicalc was so compelling, people bought Apple II computers just so they could use Visicalc, making it the
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In 2011, I created a Law and the Entrepreneur course at Bradley University. It was the first course on its campus created for its new Turner School of Entrepreneurship. This course is exclusively for
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