The South Florida Business Journal recently interviewed attorney Kevin M. Levy about advice he might offer startups.
Levy, a tech attorney in Gunster's Miami office, focused his advice in the areas of investment, equity, contracts and employment law.
With equity, for example, startup founders often hand out equity in their company in lieu of payment for services. However, doing so may lead to a loss of control.
Levy advises entrepreneurs be aware of exactly what and how much equity they are giving up, as well as any potential tax implications of the deal. Being proactive about how firm equity is handled from the start can help startup founders avoid future liability, as well as create an environment the entices rather than scares away investors.
Read the Business Journal article: 4 pitfalls to avoid when scaling your startup (South Florida Business Journal, 11/14/14)
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