Emerging Enterprise Center Blog - Commentary and Analysis For Entrepreneurs and Startups

The other day an entrepreneur asked what par value was and why pick such a low number (referring to the $.001 that was proposed). Well this is a dry topic, if ever there was one. It involves a little bit of a history lesson for background, and, as a practical matter, par value of more significance to attorneys than it is to you as an entrepreneur. A couple of clarifications, I am writing about par value of stock and more particularly common stock and even more particularly common stock issued by Delaware corporations. Having said that, here goes:... More

A signature is worth a thousand words “Sally is calling all our customers.” “Does she have a noncompete?” “Yes.’ “Does the noncompete say she can’t call our customers for one year after she leaves?” “Yes” "Ok, let's call the lawyer." Silence... “Did she sign the noncompete?” Silence….... More