Workshop

Past Events

LLC vs. Corporation: How Choice of Entity
Affects Equity Fundraising

You are invited to join us as we discuss How Choice of Entity Affects Equity Fundraising. Come to the presentation, schedule a one-on one meeting with the experts at Summit Law Group, connect with other small biotech companies at the happy hour, or do all three.

Wednesday, September 25, 2013

Icogenex Bioincubator
454 North 34th Street
Seattle, WA 98013

Presentation: 11:00 am -noon

One-On-One Meetings: Scheduled every half hour

Happy Hour: 4:00 - 6:00 pm

Sponsored By:

Merchant and Gould Summit Law Group Icogenex Bioincubator

Topic:

Whether you've already formed your company or you're still deciding which form of entity to use, you've probably heard a lot of conflicting information about which form of entity is better:

  • LLCs are more flexible
  • Corporations are more familiar
  • There are tax advantages as an LLC
  • The law is more fully developed for corporations
  • LLCs are simpler
  • Corporations are simpler

This list goes on and on. One critical piece that should be considered is how choice of entity will affect the company's equity financing opportunities. There are some investors who prefer LLCs, while most investors will only invest in corporations. We will explain why, and help you determine the right path for your business.

We will cover the differences between an "S corporation" and a "C corporation," and discuss the pros and cons of both corporations and LLCs with respect to investors, governance, growth, tax and other issues. You will come away from this presentation armed with practical information that will help guide your decisions in connection with your future fund-raising plans.

Speakers:

Chris Brown, Member, Summit Law Group. Chris is a tax and general corporate lawyer with a special focus on setting up tax-efficient transaction structures and addressing tax and financial issues in connection with business formations, and in mergers and acquisitions. Chris often serves as special tax counsel on transactions where the advisors for buyer or seller (or for the executives) need additional tax guidance. He also provides general counsel services for many emerging and closely held companies. He regularly advises clients on the use of limited liability companies, including the negotiation of complex voting and distribution arrangements. Chris is an adjunct professor teaching Advanced Partnership Taxation at the University of Washington School of Law Graduate Tax Program.

Heidi Drivdahl, Member, Summit Law Group. Heidi provides broad general corporate and securities advice to private and public companies, particularly those within the medical device, biotechnology, software, e-commerce, security, and other high-technology industries. Her practice focuses on corporate finance, securities law compliance, mergers and acquisitions, and general corporate law. Heidi represents companies in all stages of development in a wide range of transactions, including startup and angel financing transactions, venture capital financings, public securities offerings, and both buy-side and sell-side mergers and acquisitions.

Past Events

March 25, 2015 Roche Research Technologies
February 11, 2015 The Business Science of Startups
November 20, 2014 Scientific Product Show
May 21, 2014 VWR Vendor Show and Luncheon!
February 20, 2014 The Pitfalls of Startup Valuation
January 22, 2014 Creating Your Business Plan: The Roadmap to Success
December 6, 2013 Copyright and Trademark Strategies for Startups
October 24, 2013 Playing By The Numbers
September 25, 2013 How Choice of Entity Affects Equity Fundraising
June 27, 2013 Intellectual Property Presentation and Meetings
January 15, 2013 Free Lab Supply Giveaway
April 17, 2012 WBBA Resources to Help Your Company Succeed