The 83(b) Election That Almost Went Missing

This is a story about a document that almost disappeared, and why it should never have been at risk in the first place. The situation A client of mine was preparing for a financing. As part of diligence, the investors’ counsel asked for the founders’ 83(b) elections...

How Organized Records Cut Legal Fees

Founders often assume legal fees are high because legal judgment is expensive. Judgment is expensive. But in my experience, both as in-house counsel and working with outside firms, a large share of what companies pay for isn’t judgment at all. It’s reconstruction....