THIENEL LAW BLOG

The Only Wrong Answer is 50/50: Calculating The Co-Founder Equity Split

Many founders assign equal equity splits before any measurable investment of time, energy, or money into the start-up. Often, early and equal equity splits presume to avoid later tensions and future disagreements among founders while creating a clear path for moving onto other operational decisions. While there are various ways to calculate the co-founder equity split, the only wrong answer is a hasty 50/50 split.

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Seven Steps for Winding Down Your Business

The first step in winding down your business is deciding it is time to close. For some business owners, deciding to close can be the hardest step in the process of exiting a business. Each business is unique. Once you decide to wind down your business, consulting with a Maryland business attorney can help ensure you take all necessary legal steps to close your business.

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Start-Ups 201 - What Should We Include In Our 2020 Corporate Policies and Procedures?

Your corporate policies and procedures govern numerous aspects of how your company operates and conducts business. The policies and procedures that your company develops protect your company, but they also protect the company’s employees, customers, and clients. Below are eight business matters that generally benefit from well-developed policies and procedures.

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Business River Business River

Everything You Wanted to Know About the EIDL Program in 2020

The Economic Injury Disaster Loan (EIDL) is a federal economic relief program for small businesses and nonprofit organizations if the current global pandemic of COVID-19 is causing them to lose revenue temporarily. Many companies and organizations are not allowed to do business as usual, if at all. This loan program provides funds that can cover rent, utilities, health care benefits, and fixed debt payments, as well as many other types of ordinary operating expenses.

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Business River Business River

Top 2020 Business Trends for Small - Midsize Business

As businesses seek opportunities for growth and relevance in today's marketplace, 2020’s top trends for small and midsize businesses blend solid basics with modern advances. Together with executive staff, tax planning professionals, and your Maryland business attorney, it is time to redefine your business plan by integrating time-proven strategies in a new and innovative way.

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[VIDEO] Fractional General Counsel - How Does it Work?

At some point, you and your business will need legal advice from a skilled, experienced attorney. However, many start-ups and small businesses have extremely tight budgets. Most entrepreneurs pay for legal services only after they realize they need an attorney. Unfortunately, they are overlooking a valuable asset for their company – a fractional general counsel.

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Business Formation, Business River Business Formation, Business River

[Start-Up Help] A QuickStart Guide to Starting Your Nonprofit in 2020

If you are inspired to serve your community and help others, you might establish a nonprofit. A nonprofit organization gives you the ability to raise funds and provide a structure for accomplishing your mission. Consulting a DC fractional general counsel early in the process can help you ensure that you overlook none of the vital steps for starting your nonprofit.

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Business Contracts, Business River Business Contracts, Business River

Seven Insider Tips For Winning Government Contracts In 2020

Government work can be very lucrative. However, before you can make money working for the government, you need to learn how to be successful when you bid on government contracts. Working with a DC fractional general counsel to prepare your proposal can increase your chance of winning the contract. Below are seven tips from experienced insiders that can also increase your chance of winning government contracts in 2020.

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