starting a business: the legal details
DESCRIPTION
Check out our presentation on everything you need to know to start your business. Part of the workshop was covered in this Inc.com piece: http://www.inc.com/laura-montini/why-you-should-consider-a-founders-agreement.htmlTRANSCRIPT
![Page 1: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/1.jpg)
Starting Your Own Business
The Legal Details
![Page 2: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/2.jpg)
I have an idea…
![Page 3: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/3.jpg)
Cofounders
![Page 4: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/4.jpg)
Image courtesy of Claire Topalian, UpGlobal
![Page 5: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/5.jpg)
Going into business together is like getting married. ! Sometimes things don’t work out. !
Make sure to protect yourself.
![Page 6: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/6.jpg)
Consider: ! Nondisclosure Agreement ! Founders Agreement ! Vesting Schedules
![Page 7: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/7.jpg)
Image courtesy of tvscreener.com
![Page 8: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/8.jpg)
What’s in a name?
![Page 9: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/9.jpg)
Image courtesy of Citizen Tekk
![Page 10: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/10.jpg)
The money question
![Page 11: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/11.jpg)
Image courtesy of GQ
![Page 12: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/12.jpg)
Getting it started…
![Page 13: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/13.jpg)
Choosing a Business Entity
![Page 14: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/14.jpg)
Your Choices: ! Sole Proprietor ! Partnership ! Corporation ! C-Corporation* S-Corporation ! Limited Liability Company ! Social Ventures ! Flexible Purpose Corporation Benefit Corporation
![Page 15: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/15.jpg)
Choosing a State
![Page 16: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/16.jpg)
Image courtesy of San Diego Free Press
![Page 17: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/17.jpg)
Equity
![Page 18: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/18.jpg)
![Page 19: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/19.jpg)
Investors
![Page 20: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/20.jpg)
Types of Investors: ! Angel Investors ! Seed Investors ! Early Stage ! Late Stage ! Social Impact
![Page 21: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/21.jpg)
Licenses
![Page 22: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/22.jpg)
Image courtesy of Wikimedia
![Page 23: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/23.jpg)
Image courtesy of Wikimedia
![Page 24: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/24.jpg)
Protecting Your IP
![Page 25: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/25.jpg)
Trademarks
![Page 26: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/26.jpg)
Image courtesy of Kluger, Kaplan, Silverman, Katzen & Levine L.P.
![Page 27: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/27.jpg)
Do you need a patent?
![Page 28: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/28.jpg)
To employ or not to employ?
![Page 29: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/29.jpg)
Employees v. Independent Contractors
![Page 30: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/30.jpg)
It’s about control
![Page 31: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/31.jpg)
Ask Yourself… ! Will I control… ! the way the work is performed? ! or where the work is performed? ! Am I… ! the worker’s primary source of income? ! providing benefits? !!
![Page 32: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/32.jpg)
Considerations
![Page 33: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/33.jpg)
Taxes ! Federal ! Social Security = 6.2% Medicare = 1.45% FUTA = 6.2% on first $7,000 ! State ! Unemployment Insurance = 3.4% on first $7,000 ! Employer Training Tax = 0.1% on first $7,000 ! Local ! San Francisco = 1.5%
![Page 34: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/34.jpg)
?
![Page 36: Starting a Business: The Legal Details](https://reader033.vdocuments.net/reader033/viewer/2022060108/55512407b4c905b1138b556e/html5/thumbnails/36.jpg)
Starting Your Own Business
The Legal Details