Cornell University Entrepreneurship Director Zach Schulman ’87 JD ’90 co-authored a new booklet for startup founders focused on legal issues.
“Startup Launch – Liftoff with Legal 101 for Entrepreneurs” helps founders think early on the key items to get them on the right legal track, and features companies and experts from WilmerHale, including Shulman and partner Jenna. Prepared by a team of estate lawyers. Ventrino and Gary Shull.
“We were all surprised that there wasn't a booklet out there that comprehensively covered the basics of startups from a legal perspective, and we immediately wanted to fill that knowledge gap,” Schulman said. “It’s really interesting to be able to help founders address these issues and get the legal basics right.”
This book covers the basics of business formation, founder agreements (including pre-incorporation agreements), stock incentive plans, the basics of tax issues, setting up bank accounts, accounting and financial statement basics, capital statements, employment, and employee layoffs, insurance contract basics, licensing, intellectual property, business insurance.
“Working with my colleagues and Cornell University's entrepreneurship experts has created a relationship that will further serve the startup community,” he said, providing ongoing advice to public and private life sciences and technology companies. Ventolino said.
Schall used his background in accounting and financial modeling to help develop essential business solutions for startup founders. “We hope this booklet will serve as a guide for founders looking to learn the basics,” he said.
Please read the entire booklet.