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Legal Issues in Entrepreneurship: Advice From the Trenches

Legal Issues in Entrepreneurship: Advice From the Trenches. Jack A. Rosenbloom, Esq. Rosenbloom Law Group LLC January 14, 2008 Drexel University Laurence A. Baiada Center for Entrepreneurship in Technology. Background/Framework. Overview Background “From the Trenches”

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Legal Issues in Entrepreneurship: Advice From the Trenches

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  1. Legal Issues in Entrepreneurship:Advice From the Trenches Jack A. Rosenbloom, Esq. Rosenbloom Law Group LLC January 14, 2008 Drexel University Laurence A. Baiada Center for Entrepreneurship in Technology

  2. Background/Framework • Overview • Background • “From the Trenches” • Workshop Structure • Case Study: Automotive Production Technologies Incorporated

  3. The AbbreviatedEntrepreneur’s Life Cycle

  4. The Idea • What is it? • Is it original or novel? How can we protect it? • Intellectual Property Protections • Major or sole asset in technology company • Who created it? Who owns it? • How much will it cost? • Who should help us?

  5. So You Have an Idea, Now What? • Should we form a company? If so, what type? • Where should we form the Company? • Who owns the Company? • How should we divide ownership and management responsibility? • Should we think about what happens if we don’t get along?

  6. Great, We have a Company, Now How do we run it? • Should we assemble a team? If so, how can it be structured? • What do we have to worry about on a day-to-day basis? • When we hire employees or consultants, what should we do? • How can we protect ourselves from litigation?

  7. Our Company is Running….Out of money! • Where can I find money? • Where can I find help from quality people without money? • What should I look out for when structuring investments in my Company? • What is the value of my company, and how much should I be willing to give away?

  8. We’re making money, what do we have to worry about? • Someone has a product that looks a lot like ours. What should we do? • We’ve been approached by a company looking to acquire us. How should we handle it? • Now that we have money, how do we pay less in taxes? • Don’t worry we have insurance. • What, I don’t need Estate Planning!

  9. We’re Not Entrepreneurs Anymore • Benefit Plans • Policy Manuals • Executive Employment • Transition from small to large • Is it time to move on? Most serial entrepreneurs think so!

  10. Conclusion • What are some of your issues?

  11. CASE STUDY • AUTOMOTIVE PRODUCTION TECHNOLOGIES INC.

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