Traditionally, the divide between a for-profit or nonprofit organization was clear: for-profit businesses would engage in revenue generation and nonprofits would engage in charitable work to solve social issues and would largely stay away from revenue generation. The rise of social enterprises in recent years, however, has made that distinction less and less clear. Social entrepreneurs are finding innovative ways to challenge the […]
Startups often ask us how a typical startup is structured. While there are plenty of free and affordable resources for various forms, they don’t provide much guidance on what forms to use and why. In fact, there is no one-size-fits-all approach to structuring a startup. Each is unique in its needs. Still, there are some default positions that apply to […]
When raising money as a business, whether old or new, it is important to carefully consider the best way to fundraise–i.e. whether it will take the form of debt or equity. In short, “debt” refers to loans, while “equity” refers to giving away a piece of ownership in the business. When deciding on debt vs. equity, or a combination of the two, […]
Good news… your business or organization has more work than you can handle on your own! Now it’s time to hire some help. But before you dive in, there are important issues to consider in terms of the laws that will apply to employees vs independent contractors.
Why does it matter if workers are classified as employees vs. independent contractors?
Simply put, […]
Raising funds from friends and family often seems like the logical first step for a new business to raise money. After all, you will be hard pressed to find an investor who is willing to shell out funds when your whole business is simply a couple motivated people with a great idea. However, accepting money from friends and family is not as straight […]
Elevate Law and Strategy is a San Francisco Bay firm that was formed with the belief that business should be a powerful tool for social impact.
We assist social entrepreneurs by providing them with legal and strategic consulting services, taking the time to get to know the innovators we serve, their ideas, and what they hope to accomplish. We understand that every […]