Founders play a critical role in the launch of any company. What first-time founders often don’t realize is they are effectively getting married to the other founders in the company. Let’s take a look at how to use founders’ agreements for online businesses to prevent the marriage from going bad or at least providing a seamless method for the removal of a founder if it becomes necessary. [Read more…] about Chapter 3 – Founders and Founders’ Agreements
General Online Business Law
In this category, you will find posts on general online business law. These are topics that are important for website operators to know, but don't really fit nicely in any other category.
Seems like a simple question, right? And in some ways, it is. A bit of free advice – starting a site where customers can hookup with hitmen is probably not going to be the wisest choice. However, the law is rarely that black and white. When considering whether your business idea is legal, one often needs to look at laws that might not come to mind at first. [Read more…] about Chapter 2 – Is My Online Business Idea Legal?
Why start with a video emphasizing the Internet is a level playing field for business purposes? Primarily because so many people would contest this assertion. And in many ways, these individuals are correct when it comes to peripheral issues. However, there is zero doubt that the Internet once represented the single most fair form of capitalism we’ve ever seen on a massive scale. A wannabe book store website such as Amazon could pivot to a centralized e-commerce platform and not only compete with the massive brick and mortar retailers – it could crush them. A gentleman could start mailing DVDs to people as rentals and slowly, but surely, revolutionize the way we take in content. I am, of course, talking about Netflix. [Read more…] about Chapter 1 – The Internet Is A Level Playing Field
I’m often asked during media and conference appearances about the legal issues surrounding starting an online business these days. The truth of the matter is the online environment has changed radically over the past ten years and will continue to change dramatically over the next ten from both a practical and legal perspective. The relatively simple online business world we had until 2010 or so no longer exists. Concepts such as the Splinternet and privacy as well as more mundane topics such as the collection of sales tax on Internet sales are radically reforming the Internet as a business platform. [Read more…] about Starting An Online Business – Legal Issues
Five hundred thousand smackers.
What we in the legal field refer to as multus of scabere [“A lot of scratch”].
Selena Gomez is rumored to charge roughly this amount to promote a sponsor in a single post across her social media accounts. Of course, Ms. Gomez has 124 million followers on Instagram, 50.4 million on Twitter, and 60 million on Facebook. Your numbers almost certainly pale in comparison. Nonetheless, social media can produce a lucrative audience if you can develop a substantial or focused following.
Is building a following on social media platforms without risk?