Sarah Kovenock and Ellie Braun Stock Legal LLC
Sarah Kovenock and Ellie Braun Stock Legal, LLC 4512 West Pine Blvd. St. Louis, MO 63108 Phone: (314) 297 -0855 Email: sarah. kovenock@stocklegal. c om ellie. braun@stocklegal. com Website: www. stocklegal. com
DEMYSTIFYING CRITICAL LEGAL DOCUMENTS WHAT YOU NEED TO KNOW AND WHY OCTOBER 16, 2017
OVERVIEW ØFORMATION OF LLC ØCONFIDENTIALITY AGREEMENT ØENGAGING WITH EMPLOYEES AND INDEPENDENT CONTRACTORS ØGENERAL CONTRACTING: CUSTOMERS AND SUPPLIERS ØCAPITAL RAISE: SUBSCRIPTION DOCUMENTS
FORMATION OF A LIMITED LIABILITY COMPANY ØLLC v. Corporations ØLingo • • Membership Interest/Units Manager Managed or Member Managed Officers
FORMATION OF A LIMITED LIABILITY COMPANY (CONT. ) ØArticles of Organization ØOperating Agreement ØEIN – Employer Identification Number
CONFIDENTIALITY AGREEMENT ØDefinition of Confidential Information ØUse of Confidential Information ØFlavors • Investor (Use = Investment consideration) • Employee (Use = Performing job) • Independent Contractor (Use = Performing task) • General Contracting (Use = Providing services) • Exit (Use = Evaluating potential transaction)
ENGAGING EMPLOYEES AND INDEPENDENT CONTRACTORS ØConfidentiality Agreement ØEmployee v. Independent Contractor • 20 Factor Test ØEmployment Agreement • • At Will Non-Compete Non-Solicitation Invention Assignment ØIndependent Contractor Agreement • • • Non-Solicitation Invention Assignment Insurance
GENERAL CONTRACTING: CUSTOMERS AND SUPPLIERS ØConfidentiality Agreement ØMaster Services Agreement (MSA) • • • Schedule of Work Insurance License to Use Intellectual Property
CAPITAL RAISE: SUBSCRIPTION DOCUMENTS ØConfidentiality Agreement ØTerm Sheet • Type of Raise ØSecurities Law ØMaterial Disclosures ØPersonal Liability
SUBSCRIPTION DOCUMENTS (CONT. ) ØUmbrella Subscription Package • Instructions for Completion • Where to Send Funds • Who to Contact for More Information • Subscription Agreement o Purchase Agreement (Terms) ØExhibits ØOperating Agreement (LLC) with Joinder o Alternative– Convertible Note ØRisk Factors ØInvestor Questionnaire ØBusiness Plan ØProjections ØSources and Uses Ø Alternative - Private Placement Memorandum
CONCLUSION ØFORMATION OF LLC ØCONFIDENTIALITY AGREEMENT ØENGAGING WITH EMPLOYEES AND INDEPENDENT CONTRACTORS ØGENERAL CONTRACTING: CUSTOMERS AND SUPPLIERS ØCAPITAL RAISE: SUBSCRIPTION DOCUMENTS
Sarah Kovenock and Ellie Braun Stock Legal, LLC 4512 West Pine Blvd. St. Louis, MO 63108 Phone: (314) 297 -0855 Email: sarah. kovenock@stocklegal. c om ellie. braun@stocklegal. com Website: www. stocklegal. com
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