<ul><li>Choice of Entity </li></ul><ul><li>Relationships </li></ul><ul><li>Leaving Your Employer </li></ul><ul><li>Tradema...
<ul><li>Corporation – Raising Money </li></ul><ul><li>LLC – Bootstrapping  </li></ul><ul><li>S Corporation – Ok for foundi...
<ul><li>Document your relationship </li></ul><ul><ul><li>Do some dating first  </li></ul></ul><ul><ul><ul><li>Vesting </li...
<ul><li>Duty of Loyalty </li></ul><ul><li>Your employer may own that code you’ve been working on afterhours.  </li></ul><u...
<ul><li>Look before you leap – consider at same time as entity formation. </li></ul><ul><li>Snatch up all domain names, tw...
<ul><li>If IP is central to your business make sure you own it. </li></ul><ul><li>PIIA is a must for all founders, employe...
<ul><li>Self Help – Educate yourself on the issues, but rely on your attorney. </li></ul><ul><li>Hire an attorney before y...
<ul><li>How to work with an attorney: </li></ul><ul><ul><li>Be proactive – organizing upfront is cheaper than cleaning up ...
<ul><ul><li>Jared Richards – Bennett Tueller Johnson & Deere  801.438.2040  |  [email_address]   |  WWW.BTJD.COM </li></ul...
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Launch up presentation in the weeds (6.30.2010)

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Launch up presentation in the weeds (6.30.2010)

  1. 2. <ul><li>Choice of Entity </li></ul><ul><li>Relationships </li></ul><ul><li>Leaving Your Employer </li></ul><ul><li>Trademarks and Branding IP </li></ul><ul><li>Protect IP </li></ul><ul><li>Using An Attorney Wisely </li></ul>
  2. 3. <ul><li>Corporation – Raising Money </li></ul><ul><li>LLC – Bootstrapping </li></ul><ul><li>S Corporation – Ok for founding and angels; easy switch to C </li></ul><ul><li>Delaware versus Utah </li></ul><ul><li>Don’t sign before you organize </li></ul>
  3. 4. <ul><li>Document your relationship </li></ul><ul><ul><li>Do some dating first </li></ul></ul><ul><ul><ul><li>Vesting </li></ul></ul></ul><ul><ul><li>Document departures </li></ul></ul><ul><ul><ul><li>Lost Founders – Story </li></ul></ul></ul><ul><ul><li>Outline expectations </li></ul></ul><ul><ul><ul><li>Operating Agreement/Employment Agreement/Shareholders Agreement </li></ul></ul></ul>
  4. 5. <ul><li>Duty of Loyalty </li></ul><ul><li>Your employer may own that code you’ve been working on afterhours. </li></ul><ul><li>Be familiar with your employment agreements (if any) before leaving. </li></ul><ul><li>Employers can be bullies – Story (KC) </li></ul>
  5. 6. <ul><li>Look before you leap – consider at same time as entity formation. </li></ul><ul><li>Snatch up all domain names, twitter names, FB names, app names, etc. </li></ul><ul><li>Beware the cybersquatter. </li></ul><ul><li>Register your mark. – BBB Story; Gnome </li></ul><ul><li>Use TM symbol prior to registration. </li></ul>
  6. 7. <ul><li>If IP is central to your business make sure you own it. </li></ul><ul><li>PIIA is a must for all founders, employees, and contractors. </li></ul><ul><ul><li>Places IP into the company vault; and </li></ul></ul><ul><ul><li>Protects company through confidentiality and possible non-solicitation/non-compete. </li></ul></ul><ul><li>Let others know about your rights by using ©. </li></ul>
  7. 8. <ul><li>Self Help – Educate yourself on the issues, but rely on your attorney. </li></ul><ul><li>Hire an attorney before you start a venture, don’t wait until you need one. </li></ul><ul><li>Don’t hire the first attorney you meet or hear about. </li></ul><ul><ul><li>Interview them. </li></ul></ul><ul><ul><li>Find out about billing practices. </li></ul></ul><ul><ul><li>Find out about their specific area of expertise. </li></ul></ul><ul><li>Keep it out of the family – attorney network. </li></ul>
  8. 9. <ul><li>How to work with an attorney: </li></ul><ul><ul><li>Be proactive – organizing upfront is cheaper than cleaning up the mess later. </li></ul></ul><ul><ul><li>Organize yourself. </li></ul></ul><ul><ul><li>Prepare agenda and budgets in advance of phone calls and meetings. </li></ul></ul><ul><ul><li>Have a single point of contact with your attorney on a given matter. </li></ul></ul><ul><li>Story – UoU Professor </li></ul>
  9. 10. <ul><ul><li>Jared Richards – Bennett Tueller Johnson & Deere 801.438.2040 | [email_address] | WWW.BTJD.COM </li></ul></ul><ul><ul><li>FORMATION </li></ul></ul><ul><ul><li>AGREEMENTS </li></ul></ul><ul><ul><li>FINANCINGS </li></ul></ul><ul><ul><li>EXITS—MERGERS AND ACQUISITIONS </li></ul></ul><ul><ul><li>Email me for memos that provide more information on : </li></ul></ul><ul><ul><ul><li>Choice of entity </li></ul></ul></ul><ul><ul><ul><li>Capitalization issues </li></ul></ul></ul><ul><ul><ul><li>Considerations in forming/operating an entity </li></ul></ul></ul>

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