Some interesting legal reads for the week of January 26, 2015:
- From the WSJ, advice to finance your small business using cash from your customers, rather than obtaining debt or equity financing. Of course, this doesn’t work for businesses that require years of work before sales, like developing a new drug.
- Also from the WSJ, thoughts on how much salary entrepreneurs should pay themselves.
- California attorney Keith Paul Bishop, on how, in a recent enforcement case, the SEC has overstated the role of securities attorneys in their roles in issuing legal opinions.
- From Joe Wallin’s Startup Law Blog, an interview with a provider of revenue loans, essentially a loan with a royalty-based payment mechanism, so the borrower pays back the loan at a rate determined by the amount of sales.