Juicy legal tidbits entrepreneurs can sink their teeth into. Session one introduces The Entrepreneur's Legal Cookbook concept and goes over issues with former employers and setting up an entity

1. Recipes and juicy legal tidbits you can sink your teeth into™
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

2. About me
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com
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.

3. CHANGE THE
WORLD
Why are you an entrepreneur?
LIFESTYLE
CREATIVE
ACCOMPLISHMENT
INDEPENDENCE
BEING YOUR
OWN BOSS
OPPORTUNITY
IMPACT
LEGACYFAMILY
AUTONOMY
MONEY
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

4. 1. A great team
2. A good business model
3. Adequate capital
4. Risk management
What’s the recipe for success?
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

5. 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…
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

6. You and your business are burnt toast.
Voila!
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

7. A tasty and refreshing way to look at business law. ™
What’s on the menu?
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

8. What’s on the menu?
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

9. What’s on the menu?
Digestible, bite sized, nuggets of legal information, to help
entrepreneurs get cooking and not get burned.
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

10. Obligations to former employers
What’s on the menu?
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
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

11. Start a business not a lawsuit.
Today’s Special!
Former Employer Bites
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

12. Former Employer Bites
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com
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

13. Protecting personal assets and other advantages.
Today’s Special!
Form an Entity Cheese Ball
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

14. Form an Entity Cheese Ball
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com
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

15. What are we having next time?
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com

16. Recipes and juicy legal tidbits you can sink your teeth into™
Gaida Zirkelbach
@Gaida
in/gaida
LegalCookbook.com