Running a startup is exciting—but it’s also risky. Legal challenges like lawsuits, regulatory investigations, or breach of contract claims can arise unexpectedly. That’s why indemnification agreements are essential for startup founders, executives, and directors.

What Is an Indemnification Agreement?

An indemnification agreement is a legal contract where one party (usually the company) agrees to protect another party (such as a founder, director, or officer) from certain legal and financial liabilities. In other words, if a founder is sued or faces legal action for something done in the course of running the business, the company agrees to cover the costs.

These agreements are especially important for founders and startup leaders, who often face personal liability for company decisions.

Key Elements of an Indemnification Agreement

A well-drafted indemnification agreement typically includes:

• Triggering Events: These are the specific scenarios that activate the agreement, such as a third-party lawsuit, a regulatory investigation, or a breach of contract.
• Covered Costs: The agreement outlines what expenses are reimbursed, including legal fees, settlements, and court judgments.
• Defense Obligations: This section specifies whether the company will pay legal fees upfront (called advancement) or only after the case is resolved.
• Terms and Conditions: These often include limitations on liability, requirements that the indemnitee acted in good faith, or other boundaries on when indemnification applies.

Why Founders Should Care About Indemnification

As a founder, you wear many hats—including that of a director or officer, which means you owe a fiduciary duty to your company and its shareholders. If a business decision is later challenged—even unfairly—you could be held personally responsible.

Without an indemnification agreement, a single lawsuit could financially devastate a founder, even if the claim has no merit. These agreements shift that burden from the individual to the company, protecting your personal assets.

Indemnification Helps Attract Top Talent

High-caliber executives, advisors, and board members often won’t join a startup unless they’re assured they’ll be protected from legal exposure. A strong indemnification agreement offers that peace of mind, making it easier to attract experienced leadership.

Agreement vs. Certificate of Incorporation or Bylaws

While some legal protections are built into a company’s Certificate of Incorporation or bylaws, a standalone indemnification agreement offers stronger and more tailored protection:

• It can’t be changed without the consent of the indemnitee.
• It allows customized protections for individual directors, officers, or employees.
• It can convert permissive indemnification into mandatory coverage, offering more certainty.

Mandatory vs. Discretionary Indemnification

Companies usually offer:

• Mandatory indemnification for directors — because they make high-level decisions and may not always have peers to approve protection after the fact.
• Discretionary indemnification for officers — especially in sensitive situations (e.g., employment disputes or harassment claims), where the company might want flexibility in deciding whether to provide legal defense.

It’s also important to clarify that if someone is both an employee and a director, they’re only covered in their capacity as a director unless otherwise stated in the agreement.

Final Thoughts

For founders and startup leaders, an indemnification agreement is more than just a legal formality—it’s a crucial shield against personal financial ruin. It ensures that the risks of doing business fall on the company, not the individual, and it plays a key role in attracting the kind of experienced leadership that helps startups grow and thrive. (Let the expert team at 91���� take care of your Indemnification, so that you can focus on what you do best: running your business.)

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The healthcare industry in California is on the cusp of a revolution driven by artificial intelligence (AI).

AI has the potential to transform patient care, streamline processes, and improve overall health outcomes.

However, this exciting new frontier comes with a complex legal and regulatory landscape.

91���� Firm, a leading business law firm in California, dives deep into the legal considerations and regulatory hurdles surrounding the use of AI in healthcare.

The Promise of AI in Healthcare

AI offers a vast array of applications in healthcare, including:

• Diagnosis and Treatment: AI algorithms can analyze medical data to identify patterns and trends, aiding in early disease detection, personalized treatment plans, and risk prediction.
• Drug Discovery and Development: AI can accelerate drug discovery by analyzing vast datasets of molecular structures and interactions.
• Robotic Surgery: AI-powered robotic assistants can enhance surgical precision and minimize complications.
• Administrative Tasks: AI can automate tasks like scheduling appointments, transcribing medical records, and processing insurance claims, freeing up valuable time for healthcare providers.

The Legal and Regulatory Maze

Despite its immense potential, the use of AI in healthcare raises several legal and regulatory concerns. Here’s a breakdown of some key challenges:

Data Privacy and Security:

AI applications often rely on vast amounts of patient data, raising concerns about patient privacy under HIPAA (Health Insurance Portability and Accountability Act).

Ensuring the security of this sensitive data from cyberattacks and unauthorized access is paramount.

California has additional data privacy protections under the California Consumer Privacy Act (CCPA) and the California Privacy Rights Act (CPRA).

Healthcare institutions must ensure compliance with these regulations while harnessing the power of AI.

Accountability and Liability:

• When AI makes a mistake, who is liable? The developer? The healthcare provider who used the AI tool?
• Legal frameworks need to be established to address potential liability issues arising from AI-based decisions.
• California courts are likely to grapple with these questions in the coming years.

Transparency and Explainability:

• AI algorithms are often complex “black boxes,” making it difficult to understand how they arrive at their decisions.
• Lack of transparency can erode trust and make it challenging to identify and address potential biases within the algorithms.
• Regulations may require developers to make AI models more interpretable.

Algorithmic Bias:

• AI algorithms are trained on data sets that may reflect societal biases.
• This can lead to discriminatory outcomes in healthcare settings, for example, by underdiagnosing certain conditions in specific demographics.
• Mitigating algorithmic bias requires careful selection of training data and ongoing monitoring of AI systems.

Navigating the Hurdles: A Roadmap for California Healthcare Providers

Despite the challenges, California healthcare providers can leverage AI responsibly and compliantly by following these key steps:

Conduct a thorough legal and regulatory review:

• Partner with a law firm experienced in healthcare and technology law to assess the legal implications of implementing AI solutions.
• This review should analyze potential data privacy risks, liability concerns, and compliance with relevant regulations.

Prioritize data security:

• Implement robust cybersecurity measures to protect patient data used in AI applications.
• Regularly update systems and employee training to stay ahead of evolving threats.

Focus on transparency and explainability:

• Choose AI tools that offer some degree of explainability, allowing healthcare providers to understand the rationale behind the AI’s recommendations.
• This fosters trust and enables human oversight during the decision-making process.

Mitigate algorithmic bias:

Conduct thorough audits of data sets used to train AI algorithms and identify potential biases.

Implement strategies to address bias, such as diversifying training data sets and incorporating human oversight.

Develop clear policies and procedures:

• Establish clear internal policies and procedures for the use of AI in healthcare settings.
• These policies should address data governance, patient consent, and human oversight protocols.

Stay informed:

• The legal and regulatory landscape surrounding AI is constantly evolving.
• Healthcare providers must stay updated on new developments and adapt their practices accordingly.

Conclusion

AI holds immense potential to revolutionize healthcare in California. However, navigating the legal and regulatory complexities is crucial.

By prioritizing data security, ensuring transparency, mitigating bias, and seeking legal counsel, healthcare providers can harness the power of AI while upholding patient privacy and safety.

91���� Firm remains committed to supporting California’s healthcare industry in its journey towards responsible AI integration.

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. 

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Table of Contents

• Introduction
• California’s Legal Position on Non-Compete Agreements
• Exceptions to the Rule
• Penalties for Enforcement Attempts
• The Importance of Tailored Non-Solicitation Agreements
• The Role of Trade Secret Law
• Best Practices for Employers
• Protect Trade Secrets Proactively 
• Conclusion

Introduction

The legal landscape regarding non-compete agreements in California presents a unique challenge for employers. 

Known for its employee-friendly laws, California stands out for its stringent stance on such agreements. 

As a business law firm advising employers across the Golden State, 91���� recognizes the importance of staying informed about the intricacies of non-compete clauses. 

This comprehensive guide unpacks the current legal position in California and provides essential pointers for employers seeking to navigate this complex area of employment law.

California’s Legal Position on Non-Compete Agreements

Under California’s Business and Professions Code Section 16600, non-compete agreements are, for the most part, void and unenforceable. 

This section asserts that every individual has the right to engage in a lawful profession, trade, or business of their choice. 

Consequently, agreements that restrain anyone from exercising these professional rights are against California’s public policy.

Exceptions to the Rule

Notwithstanding the general prohibition, there are narrow exceptions where non-compete clauses may hold up in California courts. 

Specifically, there are instances related to the sale of a business or dissolution of a partnership where such agreements can be deemed enforceable. 

These exceptions pertain to:

1- If an employee sells their ownership interest in a business and agrees not to compete, to protect the value of the business or goodwill being sold.

2- When a partner agrees not to compete in anticipation of the dissolution of a partnership or the departure from that partnership.

Penalties for Enforcement Attempts

Employers should be cautious about attempting to enforce non-compete agreements as California law, particularly Senate Bill 699 and Assembly Bill 1076, imposes penalties for doing so.

These statutes state that attempting to enforce a void non-compete clause can result in significant legal repercussions. 

Employers may face fines and could be ordered to pay the legal costs associated with defending against such unenforceable provisions.

The Importance of Tailored Non-Solicitation Agreements

While non-compete agreements are generally off the table, non-solicitation agreements can sometimes be used judiciously in California. 

These agreements must be narrowly tailored and focus on protecting legitimate business interests without preventing someone from earning a living in their chosen field. 

Such interests may include safeguarding trade secrets or proprietary information.

Read Also: Navigating Legal Challenges in AI Startup Funding Rounds

The Role of Trade Secret Law

Trade secret law often intersects with non-compete discussions in California. 

Employers can and should protect their trade secrets by other legal means. 

Confidentiality agreements that prevent the disclosure of trade secret information are both lawful and crucial for guarding intellectual property and can provide a measure of protection in place of a non-compete clause.

Best Practices for Employers

Avoid One-Size-Fits-All Approaches: Employers should refrain from using generic non-compete agreements that are enforceable in other states but are void in California.

Customize Non-Solicitation Agreements: Tailor any non-solicitation clauses carefully to align with California law and ensure they focus on specific legitimate business interests.

Protect Trade Secrets Proactively

Implement robust confidentiality agreements and trade secret policies to protect proprietary information without infringing on employees’ rights.

Stay Informed on Legal Developments: Employment laws are constantly evolving. Employers should keep abreast of the latest developments and rulings to ensure compliance.

Conclusion

In California, the approach to non-compete agreements is clear: they are disfavored and mostly unenforceable, with only limited exceptions. 

Employers who wish to protect their businesses must navigate within the confines of California law, utilizing non-solicitation agreements and trade secret protections instead of traditional non-compete clauses. 

At 91����, we are committed to providing our business clients with informed and cutting-edge legal advice that aligns with California’s employment landscape. 

By staying vigilant and informed, employers can strike the right balance between protecting their business interests and respecting their employees’ rights to work. If you would like a free consultation with one of out business attorneys please don’t hesitate to reach out to us at Hello@sutterlegal.com or 415-341-2888

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Table of Contents

• 1. The Rise of Women Entrepreneurs in the Startup Culture
• 2. The Impact of Women Startup founders on Innovation and Job Creation
• 3. Global Landscape of Women Entrepreneurship and Cultural Influences
• 4. Legal Support for Women Entrepreneurs by 91����
• 5. Future of Work Lies with Women Entrepreneurship
• Conclusion: The Future is Female

1. The Rise of Women Entrepreneurs in the Startup Culture

Over the past decade, the world has observed the remarkable rise of women entrepreneurs. This rise is far from plateauing as 231 million women from across the globe establish or operate businesses in a diverse array of economies.

This uptick is drawing attention to the fact that their role in economic growth and societal change is more significant than ever before.

According to a report provided by Lendio, currently, there are 11.3 million women-owned businesses in the U.S., generating more than $1.6 trillion in revenue annually. Women are also majority owners in at least 38 percent of U.S. small businesses.

The influx of women into the startup and entrepreneurial world, according to the Global Entrepreneurship Monitor (GEM) report, is revolutionizing job markets and contributing exponentially to social and cultural progression.

However, disparities persist between the genders, with men still owning two-thirds of global businesses. This issue reflects a broader global gender gap that continues to diminish, albeit slowly. 

On average female business owners receive less funding, have lower rates in securing bank loans, and have a much lower chance of securing federal contracts than their male counterparts. Women represent just 6.4% of the CEOs on the most recent Fortune 500 list.

Bridging the economic opportunity and attainment gap between genders is a decades-long process.

As per the World Economic Forum, it may require another 150 years to completely obliterate this imbalance. However, the continually changing landscape of women’s entrepreneurship is a beacon of rapid change that may expedite this slow pace.

2. The Impact of Women Startup founders on Innovation and Job Creation

Despite the disparities, women continue to create successful businesses.

Even though the cited statistics may not be very encouraging, according to the Rogue Women Fund, women-led startups are five times more likely to become billion-dollar companies compared to male-led businesses.

Also, female-led startups generate more revenue, achieving more revenue per dollar invested compared to men.

This shows that women startup founders and entrepreneurs bring different perspectives, ideas, and leadership styles to the table, which have a profound impact on innovation, job creation, and societal changes.

It is this diversity that corporations need to support in order to help America and the world recover economically from the pandemic.

Empowering women and diverse entrepreneurs, as it turns out, is a vital ingredient for post-pandemic recovery.

3. Global Landscape of Women Entrepreneurship and Cultural Influences

It is important to note that this rise in women entrepreneurship isn’t uniform across the globe.

Gender and culture continue to play a role in women’s entrepreneurship.

University of Delaware management professor Amanda Bullough sheds light on this issue, highlighting the varying global landscape of women entrepreneurship shaped by gender norms and cultural constructs.

Moreover, there’s an urgent need to discuss the economic benefits of female social entrepreneurship.

The empowering of women social entrepreneurs is crucial not only for economic recovery but also for boosting societal welfare.

Women’s political participation, for example, is essential for a just and peaceful world and directly influences entrepreneurial trends. Therefore, it is important to consider different options for supporting female entrepreneurs through education, funding, community, and networking.

While women’s access to VC and bank funding needs to be improved, women turn to crowdfunding platforms to secure the capital needed for their companies’ growth.

They are also seeking women-oriented education and mentorship programs.

4. Legal Support for Women Entrepreneurs by 91����

The legal landscape plays a crucial role in women’s entrepreneurship as well. From the perspective of 91����, a business law firm in California, providing robust legal support to women entrepreneurs can help resolve the gender disparity.

By advising women on business formation, compliance, litigation, and intellectual property rights, firms like 91���� can aid them in navigating the complicated legal scene.

5. Future of Work Lies with Women Entrepreneurship

Unequivocally, women entrepreneurs drive economic growth, innovation, job creation, and societal improvement. Nurturing and promoting women’s entrepreneurship, therefore, must be a global priority.

As we witness the rise of millions of women startup founders and entrepreneurs, let’s also ensure their voyage is smooth, their battles are won, and their success is celebrated.

By reinforcing women’s entrepreneurship, we’re not just supporting females; we’re buttressing economies, societies, and innovation. The future of work is intertwined with the future of women’s entrepreneurship.

And as the legendary poet Robert Frost said, “We have promises to keep and miles to go before we sleep.”

Conclusion: The Future is Female

91����, providing legal services to women startup founders and entrepreneurs in California, seeks to play a role in the journey toward gender equality in the business landscape.

To all aspiring and active women entrepreneurs in California and the world, we say: We stand by you. We believe in you. Your success is the world’s success.

This article is just a small tribute to the rising tribe of women startup founders and entrepreneurs worldwide, proving that indeed the future is female.

Together, let’s break the glass ceiling and continue to propel women’s entrepreneurial success for a more equitable, prosperous world.

The post Empowering Women Entrepreneurs: A Game-Changer for the Global Economy appeared first on 91���� Business Law Firm.

Table of Contents

• M&A How to maximize shareholder value?

M&A How to maximize shareholder value?

By 91����, San Francisco’s premier business law firm.

There is a lot of legal assistance that is required in any deal especially if the idea is to increase the shareholder value over and above the sum of the two companies separately.

This reasoning especially becomes attractive for businesses when times are tough and the future looks uncertain.

In any case, getting experienced legal representation during this process can help achieve the main goal of M&A i.e. of increasing shareholder value.

This is because M&A requires a deep legal understanding of the company’s goals and operations as well as of the laws pertaining to combining two businesses in California. Your company needs a legal negotiator who can ensure that not only are all M&A laws being followed but that your rights are being protected as well.

This is true whether you are a financially healthy business owner agreeing to merge with another company or whether you are a struggling company hoping to survive by aligning yourself with another company.

Having an experienced business law attorney will also help keep your investors happy. San Francisco and Silicon Valley investors want to ensure that their best interests will be represented throughout the merger or acquisition.

Probably the first thing to understand about M&A is that mergers and acquisitions are two terms that are not synonymous but mean slightly different processes.

The example just quoted comes under the category of acquisition where a financially healthy company entirely takes over a struggling startup or other company.

The former company legally establishes itself as the rightful owner while the latter company ceases to exist.

On the other hand, mergers happen when two companies of the same size or two competitors agree on combining their business and start operating as a single entity rather than as two separate ones.

Stocks of both companies are surrendered and a new legal entity is formed in its place.

Whether it is a merger or acquisition, your M&A expert business attorney in San Francisco California can advise on which option is best for your business and shareholders.

Normally, one firm buying out another firm has a lot of negative significance which is why your legal advisor may still suggest calling the process a merger even if it’s technically an acquisition.

Mergers are also of different categories: horizontal merger, vertical merger, market extension merger, product extension merger, and conglomeration.

A horizontal merger happens when two competing companies in the same market merge together. A vertical merger takes place when the supplier of a company merges with the company itself.

A merger involving market extension happens when two companies of comparable sizes doing business in two different markets come together.

A product extension merger is a process in which two companies selling different but comparable products in the same market merge together.

Finally, a conglomeration is when two businesses with nothing in common merge together for economic or purely business reasons.

While it is true that M&As are complicated and intimidating, they can also offer a lot of growth opportunities and can expand your professional and business horizons.

Make sure you get in touch with a legal firm, that can help you achieve this by ensuring a smooth M&A keeping your interests and rights in mind.

If you would like to set up a free consultation with an experienced business attorney, please reach out to us at 91����.

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Table of Contents

• What is NDA?
• NDAs typically include the following elements:
  • 1- Definition of Confidential Information 
  • 2- Intellectual Property Ownership
  • 3- Governing Law
  • 4- NDA Enforcement
  • 5- NDAs and Investors
• Alternatives to NDAs
• Conclusion

Mutual Non-Disclosure Agreements AKA “NDA” A mutual non-disclosure binds both parties to confidentiality.

What is NDA?

If you’re an entrepreneur seeking investment for your startup, you may be wondering about the role of nondisclosure agreements (NDAs) in the investor-founder relationship.

Nondisclosure agreements are legal contracts that prohibit one or more parties from sharing confidential information with third parties.

In the context of startup investing, NDAs are often used to protect a startup’s intellectual property, trade secrets, and other confidential information from being shared with competitors or other third parties.

However,

The use of NDAs in the context of startup investing is a somewhat controversial issue.

Some investors argue that NDAs can hinder the due diligence process, which is a critical part of the investment process, while others argue that NDAs are necessary to protect sensitive business information.

In this article, we’ll take a closer look at the role of NDAs in startup investing and what entrepreneurs need to know about them.

NDAs typically include the following elements:

1- Definition of Confidential Information

91���� has been using our legal expertise to review NDAs since 2011. There are several terms that an experienced attorney can help a startup understand about NDAs before they are signed.

The information that is bound to confidentiality is all information that the parties exchange. It is important to take note of the specific definition of what “information” includes, as written in your NDA.

2- Intellectual Property Ownership

A great concern for any company is to maintain full control and possession of its intellectual property. It’s important to specify whether or not the disclosure of confidential information would disturb the ownership of intellectual property. Having your attorney review the NDA is essential. It’s preferable for any startup to include a provision that explicitly states that confidential information remains the Disclosing party’s property.

3- Governing Law

The governing law section is not one to skip over. By signing the non–disclosure agreement, you consent to be sued in the state specified in the clause, if a legal dispute shall arise. If this state is not the state where your attorney is located, you will have to hire a new attorney and this Jurisdiction.

4- NDA Enforcement

Before you disclose your startup corporation’s confidential information you should be aware that you need resources to enforce your agreement. This means you will need a legal ‘war chest’ to pursue any violators. Even with an NDA, you should be very careful who you share your confidential information with. A good attorney will tell you that, as a general rule you can show someone WHAT your product does, without showing HOW it works. The HOW is what you want to protect.

5- NDAs and Investors

Experienced attorneys will tell you that typically Angel or Venture Capital (VC) investors will not sign an NDA.

Investors are pitched startups all day long; the investor’s attorneys fear that if they sign an NDA from each startup they will be exposing themselves to significant legal risk.

Since investors will not sign an NDA you should be careful to protect your HOW and focus on WHAT your startup does.

If the investor wants more information you may want to add them to your Board of Advisors.

The advisor will typically sign an NDA and Intellectual Property agreement.

It’s important to note that NDAs are not foolproof, and there are limitations to their effectiveness.

For example,

An NDA may not be enforceable if the information in question is already in the public domain or if the recipient of the information can demonstrate that they already had knowledge of the information prior to signing the agreement.

Alternatives to NDAs

Given the potential drawbacks of NDAs, some entrepreneurs and investors are exploring alternative ways to protect confidential information.

One popular approach is to use a “virtual data room” to share sensitive information with potential investors.

A is a secure online platform that allows entrepreneurs to share confidential information with potential investors while maintaining control over who can access the information.

Another alternative to NDAs is to rely on patents, copyrights, and other forms of intellectual property protection to safeguard proprietary technology and other confidential information.

While these forms of protection may not be foolproof, they can provide some level of protection for entrepreneurs without requiring them to sign NDAs with every potential investor.

Conclusion

In conclusion, NDAs can be a valuable tool for protecting confidential information in the context of startup investing.

However, entrepreneurs and investors need to weigh the benefits of NDAs against the potential drawbacks, including hindering the due diligence process, limiting the pool of potential investors, and creating legal headaches.

Alternatives to NDAs, such as virtual data rooms and intellectual property protection, may be worth exploring for entrepreneurs who want to protect their confidential information without limiting their investment opportunities.

If you would like to set up a free consultation with an experienced San Francisco and Silicon Valley business law attorney, please reach out to us at 91����

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Table of Contents

• Governing Body
• Name of the Corporation
• Ownership and Transfer of Shares
• What if a shareholder of a professional law corporation is disbarred or passes away?
• Attorney Advertising in Light of Disqualification
• What happens if a shareholder once again becomes eligible to practice law?
• Share certificates

Attorneys that seek to incorporate their law practice in California must be aware of the various nuanced rules that govern the formation and practices of their professional law corporation. As one of the predominant San Francisco and Silicon Valley law practices, we have sent up many Professional Law Corporations for other attorneys.

Governing Body

The governing body of a Professional Law Corporation is the California State Bar.

In accordance with the rules promulgated by the California State Bar, the corporation must be certified by the California Secretary of State and registered with the State Bar.

The professional corporation must apply for a certificate of Registration as a Law Corporation.

In order to apply for the certification, the law corporation must have a certified copy of the law corporation’s articles of incorporation, as well as the proper bylaws excerpts.

Name of the Corporation

The name under which the law corporation intends to practice law must comply with the California State Rules of Professional Responsibility and shall not be misleading.

Ownership and Transfer of Shares

The exact language from Rule 3.157 of the Law Corporation Rules of the State Bar must be used in the bylaws when discussing the ownership and transfer of shares in the corporation.

The purpose of the professional law corporation is to practice law, therefore the shares of the corporation must be owned by either an attorney at law or the corporation.

What if a shareholder of a professional law corporation is disbarred or passes away?

Rules regarding the transfer of shares are different depending on the circumstances of the removal of the attorney from the practice of law.

Shares of a deceased shareholder must be sold or transferred to the law corporation or its shareholders within six months and one day following the date of death.

Shares of a shareholder that is ineligible to practice law, must be sold or transferred to a qualified shareholder within ninety days after the date of the ineligibility.

These terms of the sale or transfer of shares must be set forth in the articles, bylaws, or a written agreement.

Attorney Advertising in Light of Disqualification

A law corporation may not permit an attorney to practice law or represent that he or she is available to practice law if they have resigned, been disbarred, or been suspended from the practice of law.

If an attorney is disbarred, the name of the attorney must be removed from the business name, signs, advertisements, letterhead, and other materials within sixty days of disbarment or resignation.

What happens if a shareholder once again becomes eligible to practice law?

The shares may be resold to a shareholder if they become eligible to practice law once again.

Share certificates

The back of the share certificate must clearly state the restrictions regarding the ownership, sale, and transfer of shares.

If you would like to speak to an experienced San Francisco and Silicon Valley business law attorney who can advise you on how to form a Professional Law Corporation, contact 91���� to speak to an attorney.

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