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PlainTalk: Legally Starting a New Business @plainlegal plainlegal.com [email protected]

plainlegal - Legally starting a new business

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Page 1: plainlegal - Legally starting a new business

PlainTalk: Legally Starting a New Business

@plainlegal [email protected]

Page 2: plainlegal - Legally starting a new business

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: [email protected]

Tel: (212) 802-1456Mobile: (917) 279-6109

www.rossklenoff.com

@plainlegalplainlegal.com

Page 3: plainlegal - Legally starting a new business

Leaving your job

● Understand contractual obligations● Understand fiduciary duties (if

applicable)● Respect trade secrets

@plainlegalplainlegal.com

Page 4: plainlegal - Legally starting a new business

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

Page 5: plainlegal - Legally starting a new business

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

Page 6: plainlegal - Legally starting a new business

Formation and Issuing Equity (C-Corporation)

● Jurisdiction● Name● Issuance of Common Stock/ Preferred Stock● Vesting● Stock Options● Section 83(b)

@plainlegalplainlegal.com

Page 7: plainlegal - Legally starting a new business

Find a lawyer on your terms

[email protected] @plainlegal plainlegal.com