What is a Stock Vesting Schedule?

Elliott Stapleton Corporation

A vesting schedule dictates when a founder (or employee) has full ownership rights in the company. This schedule is typically based on duration with the company. For example, if we use a four year vesting schedule with a one year vesting cliff; if a founder leaves within the first year they receive no shares.  After the first year, the shares …

Advertising Laws and FTC Enforcement

Elliott Stapleton Government Compliance

Consumers have protection against false or misleading descriptions of products or services. Goods and services cannot be sold if their sale will confuse consumers or unfairly damage another business. Advertising law is, to an extent, enforced by the Federal Trade Commission (FTC). Before using an advertisement consider if the information is truthful, if you have evidence to support your assertions, …

Employment Eligibility Verification

Elliott Stapleton Employment Law

Employers must also verify an employee’s eligibility to work in the United States; (See: Employment Eligibility Verification Form commonly referred to as an I-9). Employers can confirm the citizenship by requesting the documentation specified on the I-9 form. Note, requesting documents not included could result in discrimination claims by the applicant. The I-9 is not filed with the federal government but is instead …

Required Employment and Labor Law Postings

Elliott Stapleton Employment Law, Government Compliance

Why are employee postings important? If you have employees, you must post certain posters at your office.  Failure to post the required material can result in citations and fines. We have all seen posters with disclaimers on the wall of an office. The purpose of these posters is to provide notice to employees about certain rights provided by state or federal law. What posters …

Tax Identification Number Registration – EIN

Elliott Stapleton Government Compliance

Every business with more than one owner or employees must have an Employer Identification Number (EIN). This number is used when opening bank accounts and for identifying the business on any tax filing. It is essentially a social security number for the business. Even if you are a single-member company with no employees, it is best to use an EIN …

Create Customized Contract Templates For Your Business

Elliott Stapleton Contracts, Our Services

Why does a business need to customized its contracts? Since each type of business is unique,  the specific needs of every company cannot be addressed in one standard form. Using online forms or document companies such as Legalzoom results in a form that may not protect the interest of your company or conform with Ohio law. Why do I need …

Do you own the work your employee and contractor create for you?

Elliott Stapleton Copyright

Business owners may use employees or independent contractors to produce websites, software, logos, articles, or other unique creative works for use by the company. It may surprise you to know that, without a Work for Hire Agreement, your company does not own the work created by an independent contractor. Who owns work created by an Independent Contractor? By default, independent …

What are Fair Use Copyright Laws?

Elliott Stapleton Copyright

I am frequently asked what protection “Fair Use” provides under Federal Copyright law.  But Fair Use is not a protection or license to use the work of another, it is merely a defense to copyright infringement. What are the Standards for Fair Use? In general, infringement can be defended by showing that proper credits were given to the author of …

Responding to an Office Action – Trademark Application Rejected

Elliott Stapleton Trademark

An office action is issued by an examining attorney rejecting an application, as submitted, to register a Trademark. The response typically requires legal arguments and changes on the initial application. It is best to use qualified counsel when responding to an office action to ensure your company’s rights are protected. Click here to schedule a free initial consultation for review …