On February 26, 2018, Wisconsin Statutes Chapter 204 became effective allowing benefit corporations in Wisconsin. A benefit corporation is a for-profit corporation (not a limited liability company, partnership, or cooperative) that relieves the directors and officers of the corporation from the obligation to maximize shareholder...
By Jennifer Knudson On January 19, 2018, the Wisconsin Supreme Court decided Manitowoc Company, Inc. v. John M. Lanning stating that a non-solicitation of employee provision is a restrictive covenant that is subject to the stringent rules under Wis. Stats. § 103.465 regarding noncompete agreements. Specifically, the Court...
The language of business cliches has evolved quickly since the advent of high-tech, high-growth startups. The days of betting on the right horse have given way to the hunt for the “elusive unicorn” in Silicon Valley parlance, the next overnight success with a billion-dollar valuation. In...
This post continues the list we started a while back, and contains three more tips for entrepreneurs looking to create, expand and ultimately trade their small businesses for mountains of cash. To refresh the reader: items #1-3 on the list included some very macro-level business...
The simple act of making a to-do list can be immensely satisfying. Actually doing those tasks and checking them off/crossing them out/tearing them to shreds is pretty fun, too. The following list “ admittedly the creation of lawyers and therefore too wordy (hence that œAnnotated part) “...
Are you a startup trying to raise money, but have a real aversion to debt instruments? Or maybe an investor who doesn’t want your original cash back under any circumstances? If so, then Y Combinator, the highly regarded seed accelerator whose stable of startup thoroughbreds...
The issue of misclassifying employees as independent contractors has been simmering for a while now. Startups and established companies alike have had to take a hard look at their employment structures in light of recent high-profile litigation (*cough* Uber *cough*) and the U.S. Department of...
On June 25, 2015, the United States Supreme Court published its decision in King v. Burwell. In a 6-3 opinion written by Chief Justice Roberts, the Supreme Court upheld the availability of federal subsidies under the Affordable Care Act (ACA) for taxpayers who purchase health insurance...
On March 4, 2015, the United States Supreme Court heard oral arguments in King v. Burwell. The case challenges whether it is permissible for the Internal Revenue Service to regulate and provide tax credit subsidies for health insurance purchased by taxpayers through the federal health...
In the last twenty years, business owners and the attorneys who love them have both touted the limited liability company (LLC) entity as a flexible, tax-advantageous alternative to the traditional corporate model, and criticized it as an anemic younger sibling of the once and future...