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David R. Gillespie

David Gillespie’s Legal Guides

10 total

  • How to Protect Intellectual Property When Hiring

    Imagine that your company hires an independent consultant to develop your website or to do design work for marketing or branding purposes. Would you be surprised to learn that without a written contract that includes specific provisions, the consultant would retain ownersh...

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  • 2010 Tax Relief Act Extends Qualified Small-Business Stock Exclusion

    On December 17, 2010, President Obama signed the 2010 Tax Relief Act into law, and among other things, extended the 100-percent tax exclusion from capital gains of qualified small business stock (QSBS). As background, on September 27, 2010, President Obama signed H.R. 5297 ...

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  • What are "Business Development Companies"?

    Venture Capitalists (VCs), Angel investors (Angels) (i.e., accredited investors), and Business Development Companies (BDCs) fulfill generally the same role: to help small and medium-sized companies obtain financing when more traditional means of funding (e.g., bank financing)...

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  • Myths of Nevada Incorporation

    In the past couple of months, weve had several inquiries about whether to incorporate a new business in Nevada rather than Delaware or the home state of the business. In the last decade, both the state of Nevada and some internet incorporators have been actively promoting Nev...

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  • Categorizing Workers: Employees or Independent Contractors

    It can be a huge money-saver for a small business to get into the practice of working with independent contractors. Using independent contractors will lower a companies tax bill, require less withholding's, and in some states,reduces the obligations underworkers compensati...

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  • When NOT to Hire a Lawyer for your Startup

    Cash is king with startups. Many startups dont yet need an attorney, or at least their money could be better spent elsewhere. Im not suggesting you can just ignore legal issues at the beginning, but with all the resources available on the internet and the strong startup comm...

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  • How to and why: corporate records

    Small companies and startup businesses might view keeping corporate records as a low priority. However, keeping good records is important for every business. This guide covers why this is important, as well as how to keep good records.

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  • Website Terms of Use (and EULA's)

    Just as traditional software comes with a license agreement, most websites should have a terms of use agreement. If your site makes use of proprietary information or technology, offers advice, or sells products or services, a terms of use agreement can protect you. Your webs...

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  • Website Privacy Policies

    A major concern among visitors to websites is how their personal information will be used. Although, most websites have posted privacy policies, many just copy language found on other websites. The problem is that the borrowed language may describe the practices of the other...

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  • Startups and Unlicensed "Money-Finders"

    Entrepreneurs trying to raise capital to grow a business frequently run across individuals describing themselves as a finder and offering to help them structure a private offering and sell that offering using their contacts. They will typically ask for limited or no up-front...

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