“I’m planning on starting a new business and have heard that I need to decide between forming a corporation or a limited liability company (LLC). What should I do?&…Read More.
Entrepreneurial Law 101
At Whitmeyer Tuffin, in addition to practicing law and working directly with our clients, we’re often asked to speak to classes and to give presentations about various topics that arise during the life cycle of a business.
- Questions about formation:
- Questions about intellectual property:
- What’s intellectual property? We’re just starting our company and we’re all friends, do I really need to worry about intellectual property issues now?
- What steps can we take to protect our intellectual property?
- Equity issues:
- 50/50 ownership— having two stockholders who own exactly ½ of the company is fair and works well….doesn’t it!?
- What does “vesting” mean and why would I agree to make my equity award subject to vesting?
- What’s an 83(b) election and is it really that important?
- What’s a stock option plan and does my company need one?
- Preparing for an exit:
- I’ve heard that it’s never too early to start preparing for our big exit, but we’re still an early stage company. Is there anything that we should be doing at this point?
Since these questions are asked so regularly, we thought it would be helpful to create a user-friendly resource for entrepreneurs of all ages and levels of experience. This “Entrepreneurial Law 101” forum will be organized in a Q&A format. We’ll post the most frequent questions that we receive from our clients and participants at our speaking engagements with our thoughts on these topics. Since the ultimate goal is to help you, the entrepreneur, along your journey, we’re also open to receiving your ideas for topics. While we can’t promise that we’ll address each request, we would love to hear yourquestions and comments. Feel free to post your questions and comments in the “Comments” sections below or email us at firstname.lastname@example.org. Let’s start a conversation!
Finally, please remember that every situation is different, and that the information provided here is of a general, introductory nature and does not constitute legal advice. See our disclaimer for more information.