Managing a family business is difficult enough when the founding generation is still alive. When the founders pass, however, the legal, business and family issues become much more complex because the adult decision makers that everyone relied upon, respected, and listened to, are gone. The children of Robert Smith – Mary, Josh and Matthew – […]
How to Better Run Your Family Owned Business
Defining and navigating roles and responsibilities in any business is fundamental to the success of that enterprise. To create a culture of professionalism and accountability, every member of the team must have distinct and clear responsibilities. This is often easier said than done in the unique environments that frequently define family businesses. Often, a family […]
How Founders of New Companies Can Protect Against Personal Liability
Starting a business can be the first step in a thrilling adventure, one that you have perhaps dreamed of for years. But as you start your venture you’re mildly terrified of the outcome. When launching a new business, budding entrepreneurs can hardly slow down long enough to do the bare minimum of forming the proper […]
Fiduciary Duties of Directors of Biotech Companies in the Age of the Theranos Fraud
Theranos, Inc. was a high-flying former biotech company headquartered in Silicon Valley that claimed to have developed a point-of-care blood test that would allow health care professionals to assess the risks many diseases posed to a patient based on a few drops of that patient’s blood. The company’s valuation, before delivering a single product to […]
Downloading Pirated Software Without Installing It is Still Copyright Infringement
If your business creates software or simply uses it to perform work – let’s face it, what business doesn’t use software in one way or another – we encourage you to take note of a recent ruling made by the U.S. Court of Appeals for the Ninth Circuit. The case – Design Data Corp. v. […]