Peter Fusco Orrick, Partner
Sujay Tyle Frontier Car, Co-Founder & CEO
Michael Yang Orrick, Partner
Samir Bakhru Orrick, Senior Associate
Categories:Startups & Venture Capital
Program Level: Beginner
Duration: 60 minutes
Recorded On: January 28, 2020
Early stage startups need to get their legal house in order from the get-go — it’s imperative that relevant legal considerations are carefully navigated upfront to avoid fateful consequences down the road. Frontier Car Group (FCG)’s Founder & CEO joins his outside counsel at Orrick in an engaging and insightful discussion of the pitfalls to avoid when starting a new company.
This discussion explores several of the key areas that are ripe for mistakes and mishaps when starting a new company, including entity selection, equity distribution, vesting acceleration triggers, invention assignment agreements, and employee classification. The program concludes with an in depth discussion with one of Orrick’s compensation & benefits experts regarding equity compensation for early stage startups including the different types of equity awards that can be granted to employees, how to properly structure a stock plan and allocate an option pool and the importance of filing an 83B election with the IRS.
At the end of this session, participants will have a better understanding of:
- What type of corporate form to select when forming a new company;
- Creating optimal equity distribution among the founders;
- Stock restriction agreements;
- Triggers for acceleration of equity vesting;
- Invention assignment agreements;
- Employee vs. contractors classification considerations; and
- Different types of equity compensation, how to structure an equity compensation plan and related tax issues.
This program is currently available for 1.0 general credit in the following states:
In addition, we have applied for credit in the following states, and will promptly update the list above as the program is approved in each such state:
*In Hawaii and New Jersey, we rely on their reciprocity policies pursuant to which our programs are deemed accredited once they are approved in the various reciprocity states where we apply such as California, Illinois, New York, Pennsylvania and Texas.
For information on attendance reporting, please refer to the CLE Info page.