1. © 2008 Rosenbloom Law Group LLC Legal Issues in Entrepreneurship: Advice From the Trenches Jack A. Rosenbloom, Esq. Rosenbloom Law Group LLC January 14, 2008 Drexel University Laurence A. Baiada Center for Entrepreneurship in Technology

2. © 2008 Rosenbloom Law Group LLC Background/Framework Overview Background “From the Trenches” Workshop Structure Case Study: Automotive Production Technologies Incorporated

3. © 2008 Rosenbloom Law Group LLC The Abbreviated Entrepreneur’s Life Cycle

4. © 2008 Rosenbloom Law Group LLC The Idea What is it? Is it original or novel? How can we protect it? –Intellectual Property Protections Major or sole asset in technology company Who created it? Who owns it? How much will it cost? Who should help us?

5. © 2008 Rosenbloom Law Group LLC So You Have an Idea, Now What? Should we form a company? If so, what type? Where should we form the Company? Who owns the Company? How should we divide ownership and management responsibility? Should we think about what happens if we don’t get along?

6. © 2008 Rosenbloom Law Group LLC Great, We have a Company, Now How do we run it? Should we assemble a team? If so, how can it be structured? What do we have to worry about on a day- to-day basis? When we hire employees or consultants, what should we do? How can we protect ourselves from litigation?

7. © 2008 Rosenbloom Law Group LLC Our Company is Running….Out of money! Where can I find money? Where can I find help from quality people without money? What should I look out for when structuring investments in my Company? What is the value of my company, and how much should I be willing to give away?

8. © 2008 Rosenbloom Law Group LLC We’re making money, what do we have to worry about? Someone has a product that looks a lot like ours. What should we do? We’ve been approached by a company looking to acquire us. How should we handle it? Now that we have money, how do we pay less in taxes? Don’t worry we have insurance. What, I don’t need Estate Planning!

9. © 2008 Rosenbloom Law Group LLC We’re Not Entrepreneurs Anymore Benefit Plans Policy Manuals Executive Employment Transition from small to large Is it time to move on? Most serial entrepreneurs think so!

10. © 2008 Rosenbloom Law Group LLC Conclusion What are some of your issues?

11. © 2008 Rosenbloom Law Group LLC CASE STUDY AUTOMOTIVE PRODUCTION TECHNOLOGIES INC.