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The importance of honesty in crowdfunding.
There are some truly whimsical, fantastical ideas you see on product crowdfunding sites like Kickstarter. Sometimes they turn out to be the real thing. But often, if it seems to be too good to be true, it is. Exhibit A would be the Lily Camera. This drone camera platform promised…
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Texas Investment Crowdfunding Due August 2014
After lots of advocacy, and a few false starts, investment crowdfunding is coming to Texas. Regardless of what happens with JOBS Act Title III crowdfunding, Texas is poised to be the first state to begin equity crowdfunding en masse. Because of the way Texas has structured its regulatory environment, rule…
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Forming a Non-Profit Just Got Easier - IRS Form 1023 EZ reduces charity paperwork
New Form 1023-EZ expedites forming 501(c)3 charities Creating a non-profit organization takes work. You have to raise funds, organize a board of directors, and conduct the actual charitable work. So, when many organizers learn that the 501(c)3 process requires a 26-page application (plus exhibits), it's easy…
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Introducing the Greenhouse Fund
A greenhouse is a protected environment where growth can be nurtured in a safe and protective environment. Unfortunately, the world of entrepreneurship is rarely so forgiving. I've been fortunate to work with and for some great startups over the years, and fostering entrepreneurship is one of my great passions these…
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Comparing Texas Partnerships
Background Texas entities structured as partnerships come in three forms: • the General Partnership (GP) • the Limited Partnership (LP) • the Limited Liability Partnership (LLP) In some states, entities can also be a Limited Liability Limited Partnership (LLLP), which is not discussed here, because Texas does not distinguish…
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Startup Law for Designers
This presentation was given at Geekdom, a collaborative workspace/incubator for startups in San Antonio, Texas. It addresses many of the common questions that design shops and web startups encounter as they build their branding, select naming, and form a company. I'm told a full streaming audio/video version…