© 2008 Rosenbloom Law Group LLC Legal Issues in Entrepreneurship: Advice From the Trenches Jack A. Rosenbloom, Esq. Rosenbloom Law Group LLC January 14,

© 2008 Rosenbloom Law Group LLC

QuickTime™ and aTIFF (Uncompressed) decompressor

are needed to see this picture.

Legal Issues in Entrepreneurship:Advice From the Trenches

Jack A. Rosenbloom, Esq.Rosenbloom Law Group LLC

January 14, 2008Drexel University

Laurence A. Baiada Center for Entrepreneurshipin

Technology




Background/Framework• Overview

• Background

• “From the Trenches”

• Workshop Structure

• Case Study: Automotive Production

Technologies Incorporated




The AbbreviatedEntrepreneur’s Life Cycle




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?




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?




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?




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?




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!




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!




Conclusion

• What are some of your issues?




CASE STUDY

• AUTOMOTIVE PRODUCTION TECHNOLOGIES INC.

Documents

© 2008 Rosenbloom Law Group LLC Legal Issues in Entrepreneurship: Advice From the Trenches Jack A. Rosenbloom, Esq. Rosenbloom Law Group LLC January 14,