Entrepreneur's Legal Cookbook Session 1 for Startup Palm Beach

Recipes and juicy legal tidbits you can sink your teeth into™

Gaida Zirkelbach@Gaidain/gaidaLegalCookbook.com

About me


I like entrepreneurship, the law and food, so I’m mixing them together to provide legal information to entrepreneurs in

delicious, digestible, bite-sized pieces.

As a shareholder at Gunster, I have helped my clients, including various Inc. 500 and Inc. 5000 companies, launch new products, negotiate key deals, and assimilate new divisions into existing legal frameworks. I have also helped numerous start-ups get funded, deal with the myriad of issues that arise as they grow, acquire companies and be acquired.

What else? I have Martindale-Hubbell’s AV Preeminent rating, have been recognized by Super Lawyers, Florida Trend Legal Elite and the South Florida Legal Guide, have appeared on television, and have been quoted in publications such as the National Law Journal, E-Commerce Times, Florida Trend magazine, the South Florida Business Journal, and the Miami Herald.

CHANGE THE WORLD

Why are you an entrepreneur?

LIFESTYLE

CREATIVE

ACCOMPLISHMENT

INDEPENDENCE

BEING YOUR OWN BOSS

OPPORTUNITY

IMPACT

LEGACYFAMILY

AUTONOMY

MONEY


1. A great team2. A good business model3. Adequate capital4. Risk management

What’s the recipe for success?


INGREDIENTS:

Lawsuit with a former employer

Losing personal assets for failing to form an entity

Unplanned fallout between founders

Confidential information in competitor’s hands

Disputes with employees all over the news

Equity grants unattractive to future investors

Unlimited liability in contracts

Fail to get appropriate insurance

Don’t protect intellectual property

What’s the recipe for disaster?

DIRECTIONS:Toss one or more of those together, and…


You and your business are burnt toast.

Voila!


A tasty and refreshing way to look at business law. ™

What’s on the menu?



Digestible, bite sized, nuggets of legal information, to helpentrepreneurs get cooking and not get burned.


Obligations to former employers


Why forming an entity matters

Dealing with co-founders

Protecting trade secrets

Raising funds

Having a board of directors

Dealing with contracts

Granting stock and options

Engaging employees & contractors

Working with developers

Insurance coverage Social media and Internet law


Start a business not a lawsuit.

Today’s Special!Former Employer Bites


Former Employer Bites


INGREDIENTS:

non-competition

non-solicitation

confidentiality

no moonlighting

ownership

tortious interference

duty of loyalty

DIRECTIONS:

- Review your agreements

- Understand your obligations

- Understand the repercussions

- Align your interests

Protecting personal assets and other advantages.

Today’s Special!Form an Entity Cheese Ball


Form an Entity Cheese Ball


INGREDIENTS:

C-Corporation

S-Corporation

Limited Liability Company

Limited Partnership

DIRECTIONS: • Determine the number of

owners

• Determine if you need owners with different rights

• Consider tax implications

• Determine the management structure

• Consider incentivizing employees

• Consider effect on raising capital

• Consider familiarity

• Form the right entity and follow corporate formalities

What are we having next time?


Recipes and juicy legal tidbits you can sink your teeth into™


Cheers!

Entrepreneur's Legal Cookbook Session 1 for Startup Palm Beach

Business

Transcript of Entrepreneur's Legal Cookbook Session 1 for Startup Palm Beach