Five-minute lawyer: How to form a nonprofit

By Rick Colosimo / October 9, 2009 / Comments Off on Five-minute lawyer: How to form a nonprofit

I regularly find people asking this question: How do I form a nonprofit? What most people mean and want is a charitable organization that satisfies the requirements of IRC 501(c)(3), which gives donors assurance that their donations will be tax-deductible. To set up a charitable organization, you generally run through the following steps: 1. Determine…

Read More

Five-minute general counsel: licensing audits

By Rick Colosimo / October 8, 2009 / Comments Off on Five-minute general counsel: licensing audits

Kat Shoa asked about licensing audits on LinkedIn: How do you know if your IP licensees are paying you properly? I sat on a presentation about royalty audits today and think it’s a fantastic to collect due royalties – wrote about it here[.] But I’d be interested to know what other methods are used to…

Read More

What does "dilution" mean to a startup founder?

By Rick Colosimo / February 23, 2009 / Comments Off on What does "dilution" mean to a startup founder?

Over on LinkedIn, this question caught my eye: How much do founders get diluted through exit? This isn’t a new question.I regularly answered it for founders, employees, and even angel investors during my time at Brobeck in Silicon Valley. There are lots of people concerned about “dilution” without really knowing what it is. Dilution means…

Read More