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Cairncross & Hempelmann

How Do Stock Options Work?

For most high growth emerging technology startups, equity is cheaper than cash when it comes to compensating employees.

Cairncross & Hempelmann

“Par Value” – What it Means and How it Can Affect Your Startup

Par value. It’s a concept that many entrepreneurs see in their corporate documents, but few truly understand. What is par value? What does it mean when you see it in your documents?

Cairncross & Hempelmann

Avoid Shareholder Lawsuits by Understanding Director Fiduciary Duties

I had a professor in law school who could spend days discussing all the nuances of fiduciary duties for directors in privately held corporations. We literally spent 8 weeks of a 10-week quarter primarily talking about all the ins and outs of this dry (yet important) subject.

Cairncross & Hempelmann

The Role of the Board of Directors

If your startup is a corporation incorporated in Delaware or Washington, you must have a board of directors.