TechColumbus recently released its annual Central Ohio Innovation Capital Report which provides a comprehensive overview of funding trends within Central Ohio for 2010. The full 2010 Central Ohio Innovation Capital Report is available here. TechColumbus research indicates that over the past year (2009-2010), innovation capital increased nearly 73% to over […]
Guest Post: Thanks to copyright attorney David Valentine-Elam for preparing the informative piece below: Copyright registration in the United States is optional and protection exists whether you register your copyright or not. So why do I frequently advise my clients to register their code with the Copyright Office? Because there […]
Wikipedia defines a “social enterprise” as “any for-profit or non-profit organization that applies capitalistic strategies to achieving philanthropic goals.” The concept has been getting quite a bit of attention recently–without a doubt, for good reasons. Within the past few years, the Low Profit Limited Liability Company (“L3C”) and the Benefit […]
Startup and growing companies often use deferred compensation as an effective way to attract and retain important employees. Unfortunately, this process has been complicated by a recent tax change that significantly penalizes a broad range of “non-qualified” deferred compensation plans. Under Section 409A, deferred compensation which does not meet certain […]
Many online retailers do not collect state or local sales tax on customer purchases—a significant advantage that may be in jeopardy. Large online retailers, such as Amazon.com, have defended their decision not to collect sales tax by citing a 1992 U.S. Supreme Court decision. In that decision, the Supreme Court […]
I’ve updated our compilation of sources of capital available to startup companies in Ohio. The list includes angel groups, venture capital funds, innovation funds and some incubators offering financing alternatives. Our goal is to have this resource be as complete and accurate as possible, so if you have any recommended […]
Startup companies often seek to retain their founders and critical employees through the use of equity compensation. To ensure that these top people are committed to the company for the long-term, it is often a good idea to issue stock subject to buy-back provisions (founder’s restricted stock). However, shareholders must […]
On January 31, 2011, during President Obama’s State of the Union address, he said, “Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, […]
The United States Patent and Trademark office has extended a pilot program to allow applications advanced out of turn for applications pertaining to green technologies. Originally this pilot program was scheduled to end on December 8, 2009, but it has recently been extended through December 31, 2011. For more information on this program, click […]
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) are unavailable. Bank financing, though, almost always requires accounts receivable, inventory, buildings, equipment or […]
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