The Company Agreement Explained: Member-Managed v. Manager-Managed
Before you form an LLC, you should determine the management structure of your LLC. In Texas, there are two options: member-managed or manager-managed. Before we delve into the difference between the two, let’s back up a bit and first discuss […]
How Lifting The Solicitation Ban Benefits Startups
On July 10, 2013, the Securities and Exchange Commission voted in favor of implementing a Jumpstart Our Business Startups (JOBS) Act provision that lifts the ban on general solicitation or general advertising for certain private security offerings to accredited investors. […]
How To Resolve Decisions In Deadlock
One may be the loneliest number, but two can be worse than one in the context of founders. Because we represent so many startups and small businesses, we end up drafting a lot of closely held Company Operating Agreements/Shareholder Agreements. […]