8/10/2019 SCORE Legal Checklist - So You Want To SCORE At Business by Barry J. Lipson, Esq.

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So You Want To SCORE At Business?So You Want To SCORE At Business?So You Want To SCORE At Business?So You Want To SCORE At Business?

A Legal Checklist

by Barry J. Lipson, Esq.by Barry J. Lipson, Esq.by Barry J. Lipson, Esq.by Barry J. Lipson, Esq.

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8/10/2019 SCORE Legal Checklist - So You Want To SCORE At Business by Barry J. Lipson, Esq.

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So You Want To SCORE At Business?

A Necessary Coach: Your Attorney A Facilitator For All Stages!by Barry J. Lipson, Esq.

The Big Decision!If employed, are you willing to give up security of pay check and benefits?If not, can you take on another full time + job?If unemployed , can you afford to give up fully concentrating on your job search?

The Idea!A new invention, product or service.An existing business opportunity.A pre-packaged business venture.

Attorney needed for:Protecting your idea!Preparing necessary Secrecy/Confidentiality Agreements;

Assisting in due diligence;Counseling on various methods of acquiring business properties/assets;Preparing/reviewing/negotiating Acquisition Agreement;Reviewing & negotiating Franchise Agreement;

And more!

Realizing and Protecting Your IdeaPreparing your business plan informally and formally.Finding backers, participants and/or joint venturers.Choosing your business, products, services names.Arranging sources of funding.

Obtaining necessary real property, equipment, tools, inventory and supplies.Arranging sources of hands on assistance.

Attorney needed for:Reviewing your business plan;Determining availability of, reserving & protecting your business, product & service names;Arranging for necessary licenses, registrations and approvals;Counseling on advisability of protecting confidential information as trade secrets;Counseling on and seeking patent, copyright, trademark protection;Preparing/reviewing/negotiating funding, real estate & purchase agreements;

And more!

Business Organization Liability and tax considerations may govern:Sole ProprietorshipPartnershipLimited PartnershipLimited Liability CompanySubchapter S Corporation

Normal Business Corporation Non-Profit Corporation

8/10/2019 SCORE Legal Checklist - So You Want To SCORE At Business by Barry J. Lipson, Esq.

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Attorney needed for:Advising on pros and cons of various structures, including liability issues;Working with your CPA to determine advisable structure;Preparing and making the necessary filings and registrations;Preparing/reviewing/negotiating Partnership, Shareholder, Co-Owner Agreements;Discussing advisability of and including divorce provisions in initial Agreements;Discussing advisability of and including succession provisions in initial Agreements;

And more!

Building Your Team In addition to the coaches you should already have on your team, your Lawyer and yourCPA, and possibly your Banking, real estate, insurance, human resources and marketing

professionals, you will or may need:Co-OwnersEmployeesRepresentativesAgentsDistributorsSuppliersCustomers

Attorney needed for:Counseling on advisability and limitations of Agreements Not To Compete; Preparing/reviewing/negotiating Co-Owner, Shareholder & Partnership Agreements;Preparing/reviewing/negotiating Employee Agreements;Reviewing your employment practices for NLRB, EEOC, PA HRC , etc., compliance;Counseling on pros and cons on various methods of distribution;Preparing/reviewing/negotiating Representative and Agency Agreements;Preparing/reviewing/negotiating Distributorship Agreements;Preparing/reviewing/negotiating purchase agreements;

Preparing/reviewing/negotiating sales agreements; And more!

Selling Your Product/ServiceMarketing and AdvertisingPublicity, Public Relations and PromotionPublish or PerishTrade Associations

Attorney needed for:Educating you on requirements and restrictions of Antitrust Law & Laws Regulating Trade ;Reviewing you advertising for truthfulness and for not being false, deceptive or misleading;Reviewing your marketing, labeling, etc., for FTC, FDA, FCC, EPA, USPS, etc., compliance;Making benefit/risk evaluation of Trade Association membership/participation;

And more!

And thats just the beginning ..

8/10/2019 SCORE Legal Checklist - So You Want To SCORE At Business by Barry J. Lipson, Esq.

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