108- Legal Issues facing the Entrepreneur- The Entity
November 17th, 2009
In this episode of The Struggling Entrepreneur, we interview Brian Lloyd, an Attorney in the firm of Parr Brown Gee and Loveless. He is based out of Salt Lake City, Utah.
We deliver a brief interview with this Attorney who specializes in the field of helping Startup firms, Entrepreneurs and Small Business owners–especially in the formation and launch of their firms.
As you will hear in this audio episode, Brian shares with us the legal challenges facing the entrepreneur in forming the business–especially in deciding which legal entity to pursue. He discusses the details and the pros-and-cons of the legal entities for the startup firm–from the sole proprietorship to the LLC.
We thank Brian for his perspective and his hints and recommendations for the entrepreneur in evaluating the legal entity.
Note: This interview is a small subset of the much larger conversation we had with Brian Lloyd. In order to keep the total podcast episode under 25 minutes, we only deliver to you in this episode the portion that discusses the Legal Entity for the startup.
However, if you are interested in the entire interview, it is available only as a downloadable episode in the Premium Podcast Seminar Course called “Empowering Entrepreneurs to Launch Successful Startups,” We provide the ENTIRE interview as premium content for those who subscribe to the course. In addition to a bit more detail about the Legal Entity for the Entrepreneur, Brian also discusses the following items:
- Financial challenges facing legal issues (such as capitalization and ownership) for the Startup;
- Agreements for the entrepreneurs starting the business in dealing with revenues, roles, responsibilities, ownership, intellectual property, etc.
- Options that you, as an entrepreneur in a startup firm, need to know about and decide upon BEFORE you start the business–and avoid being blindsided by the problems that may occur later in the course of growth;
- Pitfalls and “Legal landmines” that you can avoid in the beginning with a good launch plan;
- Regulatory issues that will challenge the startup once it is in operation; and
- Types of relationships for legal counsel by a startup firm that has very little working capital or cash at the outset.
If you wish to subscribe to the 14-module Seminar Course, you will get ALL the entire interviews from all the subject matter experts in the future, as well as all the course materials–the videos, the audio mp3 instruction files, the PDF documents, the templates, the spreadsheets, the screencasts, the PowerPoint slides and the sample documents that compliment the Course modules that will be downloaded to your very own 1-to-1 feed to your iTunes(R) application on your computer. For more information, go to finance4startups.com, in this podcast series to hear the details–or click on the button on the left-hand navigation bar labeled: “Click Here for Seminar Course Details.”
Copyright (c) 2009, Matrix Solutions Corporation and Chris Benjamin Consulting, LLC. All Rights Reserved.
