Chasing Waterfalls

Previously I discussed the importance of a company’s cap table. In addition to the importance of the cap table while the company is a going concern, it is critically important during the exit because it is a key tool in calculating the waterfall. Simply put, the...

The Importance of Corporate Recordkeeping for New Ventures

So you’ve taken the plunge and started your own business venture. Now you have a shiny new corporation or limited liability company and are offering the products and services that only you can provide. Maybe you’ve hired some employees or attracted some outside...