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PlainTalk: Legally Starting a New Business
@plainlegal plainlegal.comnehal@plainlegal.com
Ross Klenoff, Esq.
● Consider large firm vs. small firm● Understand firm’s protocols● Consider how to use firm’s services
efficiently● Understand exactly who is the
“client”○ Consider when separate
representation is appropriate
Law Offices of Ross Klenoff192 Lexington Avenue, 2nd Floor
New York, NY 10016
Email: rklenoff@rossklenoff.com
Tel: (212) 802-1456Mobile: (917) 279-6109
www.rossklenoff.com
@plainlegalplainlegal.com
Leaving your job
● Understand contractual obligations● Understand fiduciary duties (if
applicable)● Respect trade secrets
@plainlegalplainlegal.com
Working with a lawyer
● Consider large firm vs. small firm● Understand firm’s protocols● Consider how to use firm’s services
efficiently● Understand exactly who is the
“client”○ Consider when separate
representation is appropriate
● Consider large firm vs. small firm● Understand firm’s protocols● Consider how to use firm’s services
efficiently● Understand exactly who is the
“client”○ Consider when separate
representation is appropriate
@plainlegalplainlegal.com
Forms of Business
Corporations Partnerships Limited Liability Companies
Entity Types
Flow-through taxation ● Flexibility● Limited liability● Flow-through taxation
● Limited liability● Corporate formalities● S-Corporations
@plainlegalplainlegal.com
Formation and Issuing Equity (C-Corporation)
● Jurisdiction● Name● Issuance of Common Stock/ Preferred Stock● Vesting● Stock Options● Section 83(b)
@plainlegalplainlegal.com
Find a lawyer on your terms
nehal@plainlegal.com @plainlegal plainlegal.com
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