Clint Costa is an attorney and CPA with the Chicago law firm of Harrison & Held, LLP, working with startups, entrepreneurs, and privately held companies on all manner of official-sounding legal and tax matters. Reach Clint at ccosta@harrisonheld.com or (312) 803-7104.

 

Recent posts by this Author


Whether You Like it Or Not, You Should Know How Daily Deals are Taxed

You don’t have to be the next Groupon to include a daily (or less frequent) deal component into your business model.  Many startups now are incorporating group buying or instant discounts into their offerings.  When they do, important tax considerations come into play. Fair…

Swift Expo Cofounder, Serial Entrepreneur is No Joke

Bob Gillespie treats startups as no laughing matter.  He’s an expert, too, as both a former stand-up comedian and a current serial entrepreneur with two successful exits already under his belt. Bob and his cofounder, Matt Dabney, intend to disrupt the world of trade…

Law School for Entrepreneurs: Indemnification Clauses

Reading contracts – it’s not as cool as growth hacking, and it’s not as sexy as raising a Series A round.  But it is necessary for every entrepreneur to have a basic understanding of common contract provisions, which can help save both time and money. …

2 Ways for Entrepreneurs to use the Awesome Power of VentureDocs

VentureDocs is one of many startups attempting to attack the ancient and staid profession of law.   Most of these startups are focused on the related questions of: “how do I find a lawyer/how do I find a client?”  VentureDocs, on the other hand, is…

FasPark: 3 Lessons from a Disruptive Parking Startup

FasPark is a Chicago-based startup whose mission is to solve the ever-vexing problem of finding street parking in crowded urban areas.  Available right now in Chicago and Munich (and soon to begin in six other U.S. and international cities), the FasPark technology is different…

Student Loan Hero Wants to Help You Pay your Student Loans

An American, a Canadian, and a Russian go to Chile… Sounds like the beginning of a bad joke your uncle might tell at Thanksgiving. Instead, it could be the start of an awakening for the increasing number of Americans leaving college and graduate school…

Slicing Pie: Rapid Reaction by a Boring Lawyer

In a recent Tech Cocktail article, Mike Moyer writes about slicing pie. In other words, how entrepreneurs should focus on splitting up equity in an early-stage startup. Moyer summarizes his concept of the Grunt Fund, in which equity in a startup is allocated to…

4 Secrets of the Tax Magician: The 83(b) Election

Last month I discussed the 83(b) election for income tax purposes, and how it can be used to entertain and mystify your key employees. A proper 83(b) election has various requirements imposed by the IRS, and unlike proverbial horseshoes and hand grenades, close doesn’t…

An Entrepreneur’s Guide to Wrangling and Hog-Tying a Lawyer

The legal profession is one of the last bastions of the old-school economy. Sure, law firms have email, private networks, and electronic billing systems. But in the most fundamental ways, legal services are delivered to clients in much the same way they were 100…