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Business Law Section MCLE Session
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This 2-hour CLE will assist non-business lawyers and new business lawyers in issue-spotting while representing a start-up or small business.

When: Tuesday, November 1, 2016
11:45 AM - 2:00 PM
Where: Attorney Resource Center
505 North County Farm Road
3rd Floor
Wheaton, Illinois  60187
United States
Contact: Robert Rupp

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Advising the Startup and Small Business


Speaker: Nancy Fallon-Houle, Velocity Law, Downers Grove, IL


Click here to download the presentation slides.  Click here for additional supplemental materials.  Paper copies will NOT be available.


Identifying legal and legal-business topics that are often overlooked, including: 

- Who is your client

- Risks to lawyers in representing small business

- Perils of Legal Zoom

- Who owns IP in startup

- Name search and selection before formation

- Entity Type (LLC vs Corp)

- State of Formation

- Piercing the corporate veil

- Filings & docs required

- Business licenses

- Basics of Operational Docs

- Legal Challenges in giving ownership to partners, employees, consultants and investors

- Worker classification (W-2 vs 1099)

- Use of nondisclosure & noncompete agreements

- Distinguishing Directors, Managers, Shareholders, Members and Officers

- Corporate Law of Voting Rights and Distributions

- Fiduciary Duty

- Due diligence

- Common Contract mistakes

- Early business life-cycle preparation for borrowing money, raising investor capital or selling the business.


Two hours MCLE Credit, 11:45 am - 2:00 pm, Tuesday, November 1 in the Attorney Resource Center


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