At Rogoway Law, we understand that the pandemic has taken its toll on many operators and has impacted different industries disparately. It is always crucial to run startups leanly and efficiently, but lately it’s especially crucial for our clients in the California cannabis industry. Here are some ways we can help you decrease costs, increase productivity and motivation among staff
Rogoway Law is here to lift the administrative burden off of busy clients when it comes to helping maintain corporate minutes books or helping document missing, or cleaning up erroneous, corporate records. We can attend board or shareholder meetings, help you set up a board or shareholder meeting, or simply help you memorialize or formalize your casual meeting notes. We
Many businesses are suffering through the current pandemic as well as the related and unrelated unstable economic conditions. At Rogoway Law we are witness to many companies tightening belts, reducing their workforce, and coming up with ways to continue through these challenging circumstances. For companies, it’s important to know when to cut losses. It’s never an easy decision but it
Even if your company is not preparing for an acquisition, the company should always be acquisition ready. What that essentially means is: (1) the company should always be mindful of de-risking and mindful of its corporate affairs: the company should be clean and clear from a corporate legal perspective and risk perspective; and (2) the company should have a business
Employees, Officers and Directors, Oh My!
The Importance of Selecting Proper Governance for Your Business Venture.
Putting together the best team for your business is anything but simple. Starting day one you want to find the right partners, if any, to embark on a long-term journey. This doesn’t stop at seeking the right co-founder(s), if any, to join you in your endeavor. It continues into setting up the governance and control of your business in terms
On Tuesday – September 29, 2020 – Governor Gavin Newsom signed Assembly Bill 1525 into law. This bill will remove state penalties against banks that serve cannabis industry clients in California, the world’s largest legal cannabis market. In a signing statement declaring his support, the Governor highlighted the bill’s “potential to increase the provisions of financial services to the legal
Due to government-issued shutdowns, quarantines, and employee wellness concerns, industries worldwide are facing severe declines in productivity. While the world waits for a COVID-19 vaccine, as cannabis and hemp industry operators, you might have a lot of questions about whether or not your business is obligated to perform under its contracts in this time of crisis. Something called a “force
1. Reconsider Corporate Structure: Is the entity type right for your business? Are investors indicating different preference (e.g. a corporation instead of a limited liability company)? Consider changing things up this New Year, subject to compliance considerations and limitations around permits and licenses, to align with general preferences and limitations on liability for cannabis businesses. 2. Ensure Written Policies and
As we get ready to ring in the New Year, we know cannabis businesses would like to hear their cash registers ringing as well. California cannabis companies have struggled recently with over-valuations, over-promised performance forecasts and under-delivery on revenues and forecasts. Investors have struggled to fully comprehend why their investments have not panned out as expected in the emerging legal
Many cannabis companies are finding themselves strapped for cash and in need of emergency funding or interim financings between larger equity raises. Often these fast funds come in the form of loans from either existing investors or family and friends. These loans, more often than not, tend to take the form of a promissory note. Promissory notes are instruments that