Www.nesluk.com Top 3 Legal Issues for Start-Ups Presented by Albert C. Luk | Nesathurai & Luk LLP National Job Fair April 4, 2012.

Slides:



Advertisements
Similar presentations
Welcome to the 2008 Small Business Development Workshops
Advertisements

© 2012 McNees Wallace & Nurick LLC CONTRACT ESSENTIALS Diane M. Tokarsky Chair, Construction Law 100 Pine Street, PO Box 1166 Harrisburg, PA
A Word of Caution These materials are presented with the understanding that the information provided is not legal advice. Due to the rapidly changing.
The Jointly Owned Business: Working with Partners: Achieve Stability & Avoid Common Pitfalls Dinsmore & Shohl LLP | The Jointly Owned Business.
Lecturer: Aaron Grinhaus, LL.B., J.D. January 25, 2013 Enactus at University of Toronto Basic Legal Considerations for Starting a Business in Ontario.
Forms of business operation ARBE121 – FORMS OF TRADING  The options UK systems offer three main variants – Sole Trader, Partnership & Limited Liability.
Forms of Business Ownership. Canadian Business Types In Canada, we generally have 4 types of business structures: 1.Sole Proprietorships 2.Partnerships.
Global Software II Introduction Paving the Way to the US Market For Finnish Software Companies Copyright Global Software II FINNISH PARTNERS CO-FUNDERS.
Selecting the Right Structure For Your Business Advice from CPAs.
Choose the legal form of your business Once you decide to start your business, you must decide what type of ownership the business will have. There are.
This presentation is directed at professional financial advisers only and should not be distributed to or relied upon by retail customers. AXA Protection.
 At least 5 years experience as a worker  Must pass the state exam.
LEGAL ASPECTS OF GLOBAL BUSINESS: PROTECTING YOUR BUSINESS INTERESTS Tyler T. Ray, Esq. Duffy & Sweeney, LTD
Chapter 5 Proprietorships & Partnerships
Farm Business Organization and Transfer
Business & Corporate Laws You Need to Know Before Starting Your Own Business.
Types of Business Ownership 1 Discuss the sole proprietorship legal form. Explain the partnership legal form. Explain how the corporate form gives owners.
Alexander Sanchez-Reyes. Sole Proprietorship  A sole proprietorship is a business entity owned and managed by one person.  Advantages of sole proprietorships.
MG 298 Entrepreneurship Shivram V. MG 298 Entrepreneurship September 9 Shivram Venkatasubramaniam.
Andrew Studd Charity and Social Business Team Russell-Cooke LLP 12 July 2013 Funding Fair 2013 Joint Ventures, Collaborations and Mergers.
5-2 Forms of Business Ownership
Jeopardy True/False Terms Q$100 Q$200 Q$300 Q$400 Q$500 Q$100 Q$200 Q$300 Q$400 Q$500 FinalFinal Jeopardy Org. Structures Q$100 Q$200 Q$300 Q$400 Q$500.
Ch. 5-2 Forms of Ownership.
MOST BUSINESSES ARE SMALL BUSINESSES Almost half of all sales in the U.S. are made by small businesses. What Is a Small Business? Small Business Administration’s.
Selecting the Right Structure for Your Business. Getting Started How should you operate and structure your business? It can be difficult, so ask for help.
Planning for a successful real estate business. Disclaimer The information in this presentation is intended only for general informational purposes. No.
©2013 Cengage Learning. All Rights Reserved. Business Management, 13e Managing the Form of Business Ownership Entrepreneurs and Proprietorships.
Entrepreneurship Ownership Types. Sole Proprietorship A business owned and operated by one person 70% of US businesses are operated by sole proprietors.
Providing Outsource Services Introduction Outsourcing is a great way for a company to fill a temporary need or to hire expertise they may not have within.
Level 1 Business Studies
Bygrave & Zacharakis, Entrepreneurship, New York: Wiley. © Chapter 12 Legal and Tax Issues.
Types of Business Ownership 1 Entrepreneurs need to understand the advantages and disadvantages of various forms of business ownership so they can choose.
Entrepreneurial Concepts
The Professional Personal Chef 1 Chapter 3 Operating Legally.
LEGALITIES. Independent Contractors vs. Employees ◦ Personal trainers working in clubs are: ◦ Independent Contractors ◦ Employees ◦ Personal trainers.
Key Employee Life Insurance Chapter 31 Tools & Techniques of Life Insurance Planning  What is it?  Life insurance policy owned by and payable.
Economics of Marketing. Economic Basics Economics - study of the choices and decisions that affect making, distributing, and using goods and services.
1 CMGT 430 THE TEAM OF DESIGN BUILD CHAPTER THREE.
Types of Business Organizations. 1) Sole Proprietorships 2) Partnerships 3) Corporations 4) Cooperatives/Nonprofit Organizations.
Bygrave & Zacharakis, Entrepreneurship, New York: Wiley. © Chapter 12 Legal and Tax Issues.
Chapter 3 (Unit 1) Types of Owner 1. Types of legal structures 2.
LEGAL FORMS OF BUSINESS. Legal Forms  Self-employed /Sole proprietorship and Partnership  Limited liability  Mutuals  Non-profit organizations.
RATIO ANALYSIS Unit 4A Partners. Ratio Analysis indicate how well an organisation did show trends in performance over time make comparisons with similar.
A Human Resource Management Approach
Objective 2.01 Understand the types of business ownership. 1.
Entity Legal Liability Issues  Unlimited Liability—lawsuits can attack the entity as well as the owners’ personal assets  Schedule C and Schedule F.
Forms of Business Ownership GOALS UNDERSTAND THE THREE MAJOR FORMS OF BUSINESS OWNERSHIP. DETERMINE WHEN EACH FORM OF BUSINESS OWNERSHIP IS MOST APPROPRIATE.
The Professional Personal Chef 1 Chapter 2 Forms of Ownership.
Shareholder Agreements Paul A. Tonella.  Value Balancing  existing owners  departing owner (or their estate) Enhancing Value  Joint Investments 
31.1 Law for Business, 17e, by Ashcroft and Ashcroft, © 2011 Cengage Learning Law for Business, 17e by Ashcroft and Ashcroft Chapter 31: Introduction to.
Level 1 Business Studies AS90837 Demonstrate an understanding of internal factors of a small business.
Ch. 4: Business Planning and Structure Present your business in the best possible light Put financial requirements and projections in writing Define your.
M ACDONALD S AGER M ANIS LLP "Lawyers who speak your language."™ 1.
Forms of Business Ownership 5-2. Goals Understand the three major forms of business ownership. Determine when each form of business ownership is most.
Year 10 Accounting & Entrepreneurship.  Define the types of business structure  List advantage and disadvantages of each  Identify when to use which.
Legal considerations when starting a new personal trainer business
Macdonald Sager Manis LLP
Presented by: Xtrategy Ltd
Chapter 12 Legal and Tax Issues
Sole Proprietorships -business owned by a single person or a married couple -3/4 of all businesses are sole proprietorships -Advantages -Disadvantages.
Forms of Business Ownership
www 123 hp com setup hp com setup :
www 123 hp com setup hp com setup :
www 123 hp com setup hp com setup :
www 123 hp com setup hp com setup :
www 123 hp com setup hp com setup :
What You Need to Know About Choosing a Business Structure
6 Urgent Questions to Answer Before Starting an LLP in MD.
Level 1 Business Studies
Problem 2.1 Listed below in random order are the items to be included in the balance sheet of Mystery Lodge at December 31,2001. Equipment Land
Presentation transcript:

Top 3 Legal Issues for Start-Ups Presented by Albert C. Luk | Nesathurai & Luk LLP National Job Fair April 4, 2012

Top 3 Legal Issues for Start-ups Issue #1: Protecting your personal assets

Top 3 Legal Issues for Start-ups 1.Liability of owner-managers 2.Joint assets 3.Creditor-proofing

Top 3 Legal Issues for Start-Ups Issue #2: Protecting your business

Top 3 Legal Issues for Start-Ups 1.Structure 2.Insurance 3.Contracts

Top 3 Legal Issues for Start-Ups Issue #3:Developing key paperwork

Top 3 Legal Issues for Start-Ups 1. Partnership/Shareholder Agreements 2. Employee/Contractor Agreements 3. Purchase Orders/Service Agreements

Top 3 Legal Issues for Start-Ups ANY QUESTIONS? Bay Street, Suite 802 Toronto, Ontario M5H 2Y2 Thank You!