Resource Center

Stay in the know with the latest news and expert insights from StartSmart Counsel. Our dedicated team of advisors regularly shares valuable updates, industry trends, and business wisdom to help you navigate the entrepreneurial journey. Explore our curated collection of news articles and blog posts to gain valuable insights and stay ahead in your startup endeavors.

Purchasing a Business: The Importance of Due Diligence
Jennifer Newton Jennifer Newton

Purchasing a Business: The Importance of Due Diligence

Purchasing a business is a significant decision that requires careful consideration and thorough due diligence. By meticulously examining the financial, legal, operational, human resources, and environmental aspects of the business, you can identify risks, negotiate better terms, and make informed decisions.

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Creating a Nonprofit: A Comprehensive Guide
Jennifer Newton Jennifer Newton

Creating a Nonprofit: A Comprehensive Guide

Creating a nonprofit is a journey that requires dedication, strategic planning, and a deep commitment to your cause. By following these steps and staying true to your mission, you can build a sustainable organization that makes a meaningful difference in your community.

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Why Using AI for Your Contracts and Disclosures is a Great Start but Not Sufficient
Jennifer Newton Jennifer Newton

Why Using AI for Your Contracts and Disclosures is a Great Start but Not Sufficient

AI is a powerful tool that can significantly enhance the efficiency and accuracy of drafting contracts and disclosures. However, it is not a standalone solution. The complexities and nuances of legal work require the expertise, judgment, and personal touch that only human lawyers can provide. By combining the strengths of AI with the invaluable skills of experienced legal professionals, businesses can achieve the best of both worlds – efficiency and accuracy alongside strategic guidance and personalized service.

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Part Two: How to Address Chargebacks Effectively
Jennifer Newton Jennifer Newton

Part Two: How to Address Chargebacks Effectively

Effectively addressing chargebacks requires a proactive and organized approach. By acting quickly, gathering solid evidence, and maintaining clear communication, startups and SMBs can navigate chargeback disputes successfully. Continuous improvement in business practices, including maintaining clear customer agreements, refund/return policies, and disclaimers, will help reduce future chargebacks, ensuring a healthier bottom line.

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Part One: How Startups and SMBs Can Prevent Chargebacks from Customers
Jennifer Newton Jennifer Newton

Part One: How Startups and SMBs Can Prevent Chargebacks from Customers

Chargebacks can be a significant challenge for startups and small businesses, potentially affecting cash flow, customer relations, and overall business reputation. To help you navigate this complex issue, we've divided this blog into two parts. In Part One, we'll focus on proactive strategies to prevent chargebacks. In Part Two, we'll cover effective methods for addressing chargebacks when they do occur.

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Understanding Venture Capital Term Sheets
Jennifer Newton Jennifer Newton

Understanding Venture Capital Term Sheets

Securing venture capital (VC) funding is a significant milestone for any startup. However, the process can be complex, particularly when it comes to understanding the intricacies of a term sheet. A term sheet outlines the terms and conditions of an investment, serving as a blueprint for the final agreement. It’s crucial for startup founders to grasp the key components of a term sheet to make informed decisions and negotiate effectively. Here’s a breakdown of the main elements and what they mean for your startup.

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How to Structure Equity for Startup Employees
Jennifer Newton Jennifer Newton

How to Structure Equity for Startup Employees

Equity compensation is a powerful tool for startups to attract and retain top talent. By offering a stake in the company, employees are incentivized to contribute to the company's growth and success. However, structuring equity compensation can be complex, with various methods offering different benefits and drawbacks. Here, we’ll explore the different ways to structure equity compensation for employees, explain what each method entails, and outline the associated legal considerations.

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