The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued the Beneficial Ownership “Reporting Rule,” which will directly affect some small business entities. The new rule will go into effect on January 1, 2024. Over the next few weeks, the Foundry Law Group will present several blog posts that will inform you […]
The short answer is that it depends on what type of content you’re using the models to generate and whether you properly acknowledge the original source of your content. In general, plagiarism is the act of presenting someone else’s work or ideas as your own without giving proper credit. Given this definition, there may be […]
The U.S. Copyright Office will only register a work of authorship if that work is “eligible” for copyright protection. The “human” element to copyright is essentially one element for copyright eligibility. In short, the element requires that a work of authorship be created by a human being before it can be copyrighted. The Copyright Office […]
We don’t recommend it. For those unfamiliar with Chat GPT, it’s essentially an artificial-intelligence (AI) chatbot that was created by a company called Open AI. It has garnered much attention as of late for its keen ability to generate content across a wide variety of channels, including memos, blog posts, and emails. You just ask […]
The State of Washington approved a new nonprofit law that went into effect on January 2, 2022. With the new requirements, there are new questions on the renewal form/process with the Secretary of State. Below are some common questions we are asked. To help other nonprofits we opted to share our responses for you to […]
Yes. Foundry Law Group is excited to announce its expansion into Spokane, Washington with the hiring of Spokane-based business attorney, Asif Lundstrom. “I joined Foundry because the firm’s culture and approach to the practice of law is unique and reminds me a lot of the high-growth tech companies I previously worked for: agile, client-centric, and […]
One of my favorite parts about being an attorney at Foundry is the firm’s acquisition practice. Whether we are representing the buyer or seller, acquisitions are an exciting, pivotal moment for our clients. However, acquisitions are also stressful for clients: a lot of money is involved and the “what if” and “what about” considerations are […]
Email from a startup whose founders have been working on the company’s product for months prior to incorporating: “Hey, Foundry: what are your thoughts on not including a vesting schedule for our founder shares?” At Foundry, we frequently receive questions like this, as the implications of vesting schedules for founder shares is a decision that […]
On September 1, 2022, the City of Seattle will have a new ordinance regrading independent contractors. The new law, labeled the Independent Contractor Protection Ordinance (ICPO), is designed to protect independent contractors from delayed payment and help them receive greater information about the terms and conditions of their work. The ordinance only applies to independent […]
This is a common question that our attorneys often hear from Washington startups. While the specific answer will likely depend on your particular company and situation, there are a few factors to take into consideration when deciding on your state of incorporation. Some of these include the requirements of incorporation, the overall cost of incorporation, […]