Posts Tagged ‘venture’

“Ask the Attorney” – Formation Issues (Part I)

Wednesday, January 27th, 2010

Introduction

This post is part of a new series entitled “Ask the Attorney,” which I am writing for VentureBeat (one of my favorite websites for entrepreneurs).  As the VentureBeat Editor notes on the site: “Ask the Attorney is a new VentureBeat feature allowing start-up owners to get answers to their legal questions.”  This post is a longer, more-comprehensive version of the VentureBeat post.  

The goal here is two-fold: (i) to encourage entrepreneurs to ask law-related questions regardless of how basic they may be; and (ii) to provide helpful responses in plain english (as opposed to legalese).  Please give me your feedback in the comments section.  Many thanks, Scott 

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Walker Twitter Highlights: November 9th – 15th

Sunday, November 15th, 2009

For those of you who do not follow Walker Corporate Law Group, PLLC (Walker) on Twitter, I have set forth below highlights of our tweets for the past seven days (in reverse chronological order).  I indeed hope that a few of the links to articles, blog posts, podcasts and videos are helpful to our clients and friends.  If you would like to follow Walker on Twitter (or if you would like to receive an RSS feed of our tweets), you can sign-up here.  You can also check out the recent tweets of some of the entrepreneurs, venture capitalists and others Walker is following by clicking their photos on such page.  If you have any questions or comments (or if you would like any additional information) with respect to any of the tweets below, please contact me through the comments section of this post.  Many thanks, Scott   (more…)

Walker Twitter Highlights: October 18th – 25th

Sunday, October 25th, 2009

For those of you who do not follow Walker Corporate Law Group, PLLC (Walker) on Twitter, I have set forth below highlights of our tweets for the past seven days (in reverse chronological order).  I indeed hope that a few of the links to articles, blog posts, podcasts and videos are helpful to our clients and friends.  If you would like to follow Walker on Twitter (or if you would like to receive an RSS feed of our tweets), you can sign-up here.  You can also check out the recent tweets of some of the entrepreneurs, venture capitalists and others Walker is following by clicking their photos on such page.  If you have any questions or comments (or if you would like any additional information) with respect to any of the tweets below, please contact me through the comments section of this post.  Many thanks, Scott (more…)

Walker Twitter Highlights: October 4th – 10th

Saturday, October 10th, 2009

For those of you who do not follow Walker Corporate Law Group (Walker) on Twitter, I have set forth below highlights of our tweets for the past seven days (in reverse chronological order).  I indeed hope that a few of the links to articles, blog posts, podcasts and videos are helpful to our clients and friends.  If you would like to follow Walker on Twitter (or if you would like to receive an RSS feed of our tweets), you can sign-up here.  You can also check out the recent tweets of some of the entrepreneurs, venture capitalists and others Walker is following by clicking their photos on such page.  If you have any questions or comments (or if you would like any additional information) with respect to any of the tweets below, please contact me through the comments section of this post.  Many thanks, Scott (more…)

Walker Twitter Highlights: September 27th – October 3rd

Saturday, October 3rd, 2009
For those of you who do not follow Walker Corporate Law Group (Walker) on Twitter, I have set forth below highlights of our tweets for the past seven days.  Indeed, I hope that a few of the links to articles, blog posts, podcasts and videos are helpful to our clients and friends.  If you would like to follow Walker on Twitter (or if you would like to receive an RSS feed of our tweets), you can sign-up here.  You can also check out the recent tweets of some of the entrepreneurs, venture capitalists and others Walker is following by clicking their photos on such page.  If you have any questions or comments (or if you would like any additional information) with respect to any of the tweets below, please contact me through the comments section of this post.  Many thanks, Scott
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Launching A Venture: Ten Tips For Entrepreneurs

Tuesday, September 15th, 2009

Below are ten tips for entrepreneurs who are launching a start-up that will seek venture capital (“VC”) financing.  

1.  Protect Yourself from Personal Liability.  The entrepreneur’s first step in connection with launching a start-up should be to form an organization that will protect against personal liability.  As discussed below, a Delaware C-corporation is the structure that VC investors will generally require; however, if a financing is not imminent, it may be prudent for the entrepreneur to form an S-corporation or a limited liability company to obtain “pass-through” tax treatment (and then convert the entity to a C-corporation down the road, if necessary) to take advantage of the company’s initial losses, if applicable.  The bottom line is that the entrepreneur should seek the advice of counsel in connection with the formation of any business organization, including the advice of tax counsel (e.g., shareholders in S-corporations — as opposed to C-corporations — are not eligible for the “qualified small business stock” capital gains tax break; and losses in C-corporations may be deductible up to $50,000/yr. or $100,000/yr. on a joint return with respect to “Section 1244 stock”). (more…)