2 ms·
You may be breaking the same law, but you're probably breaking half a dozen other laws at the same time (zoning, etc) and this one seems no more likely to affec
by shawndrost 19y ago
You may be breaking the same law, but you're probably breaking half a dozen other laws at the same time (zoning, etc) and this one seems no more likely to affect you.
I suspect that corporate lawyers are mistakenly worried about irrelevant laws being broken, but I don't know if that's the case here: 100-person startups formed over a weekend face unique legal challenges.
- icky 19y agoIANAL, but IIRC, once you have over a certain number of shareholders (and it's somewhere in that neighborhood), you are effectively a public company. Which means you get screwed by SarbOx. (And you've already had your "IPO", so there goes even more money).