While no one (even those of us who do this for a living) likes receiving an audit notice in the mail, the process can be less daunting if you understand some of the basics.  While we focus below on IRS audits, most of the concepts are transferable to state tax audits as well. How Likely Are You to Be… Read more »

Choosing a lawyer for your startup is a decision to consider carefully. Your options include solo practitioners, small boutique or regional firms, large multi-national firms and everything in between. If your short-term legal need is limited to incorporating, you might even consider delaying engagement of a lawyer and instead use a publicly available incorporation package… Read more »

If you are handling personal data of EU citizens, you will need some justification in order to do so.  Under the new rules, the basic concept of consent has not changed, nor has its role as a lawful basis for processing personal data: consent remains a possible option.  However, the GDPR adds new language –… Read more »

Who is covered by the General Data Protection Regulation (GDPR)? If a company has EU-based employees whose behaviour it “monitors” (see below) it will need to take steps to ensure that it is compliant with the GDPR when it comes into force in May 2018.  “Monitoring” in an employment context is not defined in the GDPR… Read more »

What is it? The General Data Protection Regulation (GDPR) is a European law that will govern how companies (whether EU-based or not) use personal data. It replaces the existing law on use of personal data and went into force on 25 May 2018. Many aspects of the existing law will remain in place, including the… Read more »

Click here for our Seed Notes Financing Documents Package Generator on Cooley GO Docs Click here for our Series Seed Equity Financing Documents Package Generator on Cooley GO Docs About Cooley’s Series Seed Fork The original “Series Seed” equity financing document set, released in 2010, was a collaborative effort among lawyers and investors, spearheaded by lawyer-turned-investor Ted Wang,… Read more »

Over the last several years, there has been a dramatic increase in entrepreneurs interested in using business to drive positive social change. While corporations retain substantial flexibility to pursue social and environmental goals under a legal concept called the “business judgment rule”, traditional corporate law generally holds that the purpose of a corporation is to… Read more »