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Answers

Can a US LLC have a partner who is not a US citizen and not residing in the US?

Yes your proposed arrangement is fine. A non-U.S. citizen can own an LLC outright so the 5% owner isn’t even necessary. It may get a little tricky when tax time comes as taxes “pass through” the LLC straight to the owners (called members), but a solid lawyer and / or accountant can help you with […]

How long is a trademark good for?

Knowing when to trademark is important, but knowing how to do a trademark search is even more vital. No sense in spending money if the mark's taken.

What are your tips for getting an O work visa to the U.S.?

O work visas are available to non-US citizens that are doing extraordinary work in the sciences, arts, athletics, education, or business. The United States Citizenship and Immigration Services (USCIS) takes the term extraordinary extremely seriously.

How much equity should a founder keep?

The truth? Sometimes the founder isn’t the one putting in 50%+ more of the work. If that’s how the cards are falling for your company, then you may need to reevaluate how much equity you get, or start putting in more time, money, resources, etc.
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Dictionary

404 Audit

404 Audit - The audit required by Section 404 of the Sarbanes-Oxley Act of a public company...
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Templates

401k Rollover Request

When to use 401k Rollover Request Many Americans are unaware of the fact that if they leave one position of employment for another, their benefits, including any 401k contributions they may have made ...
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Acceptance of Service

When to use Acceptance of Service When an individual or business becomes a significant party to legal action that they did not initiate, that individual or business is supposed to be formally served w...
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Acceptance of Service

When to use Acceptance of Service When an individual or business becomes a significant party to legal action that they did not initiate, that individual or business is supposed to be formally served w...
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Activity Release of Liability

An activity release of liability releases a business or person from liability associated with risk from a particular activity....
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Affidavit

When to use Affidavit This documentation serves as a written and notarized statement under oath. An affidavit (also commonly referred to as a sworn statement) may be used for a number of legal purpose...
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Affidavit of Birth

When to use Affidavit of Birth An affidavit of birth serves as a written and notarized statement under oath made in regards to your birth information or your child’s birth information. This document...
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Affidavit of Consent

When to use Affidavit of Consent Depending on the laws of your state, an affidavit of consent may be required before you and your spouse can proceed with a mutual-consent or no-fault divorce. In other...
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Affidavit of Correction

When to use Affidavit of Correction An affidavit of correction may allow you to correct a mistake that has been made on a form or other official record. Mistakes are commonplace and understandable. Bu...
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Affidavit of Death

When to use Affidavit of Death Just as a birth certificate helps to legally prove that an individual has entered the world, a death certificate provides legal proof that someone has passed away. Howev...
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Affidavit of Domicile

When to use Affidavit of Domicile When an individual passes away, the executor of that individual’s estate may need to provide various forms of legal documentation to any number of interested partie...
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Featured

E-Books &
Guides

Introduction

There are a few baby steps every new business must take before it can run. This list will help you launch and prepare your company for moving to the next stage like incorporating a business and issuing equity. ..

E-Books &
Guides

Business Guide
How to start your first business
Raising capital guide
June 2019
Raising your first round of capital.

privacy guide
August 2019
GDPR compliance, privacy and terms


intellectual property guide
September 2019
Protecting your intellectual property.
forming a board of directors guide
October 2019
How to structure and form a board.

Startup
Dictionary

"Allocation"

When used informally, this term refers to the accounting principles, standards and procedures that companies use to draft the.

Startup 
Dictionary

stockholders equity defined
stockholders-equity/

Free 
Contracts

Letter of Intent Agreement

When you make an offer to purchase or sell goods or services for value, you have started the process of creating a legal contract..

Free
Contracts

lawtrades letterhead
/contracts/letter-of-intent
memorandum
*example shown