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How do I structure my business?

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Presentation delivered to TeamCamp on May 7, 2009

Presentation delivered to TeamCamp on May 7, 2009

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  • 1. How do I structure my business? Shane McLean LaBarge Weinstein Professional Corporation TeamCamp May 7, 2009
  • 2. Three Basic Structures
    • Sole Proprietorship
    • Partnership
    • Corporation
  • 3. Sole Proprietorship
    • Pros:
      • Simplicity, ease of use, creation, dissolution
    • Cons:
      • Unlimited liability
      • Going it alone
  • 4. Partnership
    • “ relation that subsists between persons carrying on business in common with a view to a profit”
  • 5. Corporation
    • Pros:
      • Limited liability
      • Flexibility of Structure
      • Tax
      • Pro Investor
    • Cons:
      • Administratively more complex than other models
  • 6. Corporation Ownership Decision Making
  • 7. Hybrids
    • Prime/Subcontractor Model
    • Software Bill of Rights Model
  • 8. One Model for a Startup Corporation
    • Concept:
      • Corporation
      • Group of Founders issued “free” shares
      • From beginning the corporation has the right to repurchase shares from founders
      • Founders “earn” the right to keep shares through the satisfaction of objectives and/or passage of time.
  • 9. One Model for a Startup Corporation At a minimum you will need: Articles of Incorporation, By-laws Etc. Founder Agreement Shareholder Agreement Employment / Contractor Agreements Intellectual Property Agreements
  • 10. One Model for a Startup Corporation What does that cost? Articles of Incorporation, By-laws Etc.
    • Budget $750 - $1,000
    Founder Agreement
    • Budget $300
    Shareholder Agreement
    • Budget $600
    Employment / Contractor Agreements
    • Budget $250
    Intellectual Property Agreements
    • Budget $250
    More Customization = More Cost
  • 11. THANKS
    • Shane McLean
    • [email_address]
    • 613 599 9600 ext 262
    • www.LWLAW.com
    • www.ShaneMcLean.com

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