Business & Corporate Laws You Need to Know Before Starting Your Own Business.
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Transcript of Business & Corporate Laws You Need to Know Before Starting Your Own Business.
![Page 1: Business & Corporate Laws You Need to Know Before Starting Your Own Business.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e0b5503460f94af39d4/html5/thumbnails/1.jpg)
Business & Corporate Laws You Need to Know Before
Starting Your Own Business
![Page 2: Business & Corporate Laws You Need to Know Before Starting Your Own Business.](https://reader030.fdocuments.in/reader030/viewer/2022032802/56649e0b5503460f94af39d4/html5/thumbnails/2.jpg)
Timothy K. Cutler, [email protected]
• Practicing 24 Years• 10 Years in Los Angeles & 14 Years in Boston
• Founded CUTLER P.C. in 2004• Founded CUTLER & WILENSKY LLP in 2013• Served as a Mediator• Completed Over 30 Trials in 4 States• Overseen Legal Matters in 8 States• Represented Start-ups and Emerging Companies in the Areas of Software,
Internet, Retail, Engineering and Marketing• Represented Chinese Companies• Creates Legal Entities• Drafts:• Licensing Agreements, Contracts and Employment Agreements
• Handles:• Employment Matters, Disputes Between Shareholders, Unfair Business Practices
and Contract Disputes• Handles:
• Purchase and Sale of Businesses
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Connie C. Dai, [email protected]
• Practice Areas:• Business, Employment and Immigration Law
• Handles:• Experience in Cross Border Transactions, Drafting and Reviewing Contracts, Judicial
Internship, Employment and Investor Visa and Immigration as well as Naturalization
• Business and Financial Consulting with Start-Ups and Established Businesses• Anti-Trademark Infringement Management, Joint Venture Negotiation, and
IP Training in Coca-Cola China• NECINA – Fundraising and Public Relations• Education:• J.D. (Suffolk University); MBA (University of Calgary); and B.A. (Shanghai University)
• Bar Admissions:• Massachusetts; and New York
• Languages:• Native Mandarin; and English
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TOPICS TO BE DISCUSSED•Why Is It Important To Have A Legal Entity?•What Type Of Entity Is Best For Your Company?•C Corp vs. S Corp•Limited Liability Company•Partnership•Management and Control•Fiduciary Duties•Employment Concerns•Protect Your Intellectual Property
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Why Is It Important to Have a Legal Entity?
• Liability• Credibility• Holding Intellectual Property• Allows for Multiple Owners• Disadvantages of Partnership
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What Type Of Entity Is Best For Your Company?
• C Corporation• S Corporation• Limited Liability Company (LLC)• Sole Proprietorship• Partnership or Limited Partnership• Choice of Jurisdiction
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C Corp. vs. S Corp.• Formality and Inflexibility• Bylaws• Board of Directors• Annual Meetings
• Ability to Issue Stock• S Corp. is Limited to 75 US Citizens or Permanent
Residents
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Limited Liability Company (LLC)
• No Residence Requirements• Flexible in Formalities• Operating Agreement
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Partnerships• General Partnership• Joint and Several Liabilities• Inadvertently Formed
• Limited Partnership• Limited Liability
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Management and Control• Officers• Board of Directors• Employees and Agents
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Fiduciary Duties• What Are Fiduciary Duties?• Directors and Officers• Partners in Partnership
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Employment Concerns• Employee or Independent Contractor• Wage and Hour• Termination
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Protect Your Intellectual Property
• Confidential Information• Trade Secrets• Patent• Trademark• Copyright
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Questions?
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CUTLER & WILENSKY LLP10 Milk Street, Suite 720
Boston, MA 02108www.cutlerlegal.com