Sign up for Enews

Enter your e-mail address to receive our free monthly e-newsletter.

Blog

Alese Stroud: Legal Issues for Women Startup Founders

4/10/2014

By Alese Stroud

Roby Brock, executive producer and host of Talk Business, led a spirited panel of entrepreneurial lawyers in a discussion of key issues for startup founders at the Arkansas Venture Center’s Women Founders Meetup group on Monday, March 31st.  

Twenty members of the Women Founders Meetup group showed up at the Little Rock Regional Chamber of Commerce to hear Bryan Hosto, Amanda Denton and Jamie Fugitt talk about how attorneys can help startup founders find success and avoid problems.

In addition to being lawyers, the panelists are all involved with startups in some fashion and clearly understood the issues faced by someone starting a new venture. Bryan Hosto is a successful entrepreneur who splits his time between partnership in the Hosto & Buchan Law Firm and his interest in [IA client firms] RxResults and SFC Fluidics.  

Amanda Denton practices at Mitchell Silverberg & Knupp, LLP where she advises on issues regarding intellectual property, copyrights, and trade policy. Jamie Fugitt practices law at PPGMR Law, PLLC, where he represents entrepreneurs, emerging companies and technology startups. Jamie is actively involved with The ARK Challenge and the Arkansas Motion Picture Institute.

Bryan emphasized the importance of legally separating your business from your personal activities. Regardless of the structure selected, it is critical to create a separate entity and to respect that entity financially by keeping unique accounts. 

The panel discussed the importance of having professional agreements with your partners and your customers. Jamie cautioned against giving away ownership in any fashion that might get into securities law. Qualified legal advice is a must when working thru agreements involving ownership. 

Amanda discussed the use of key codes as a technique for protecting software based intellectual property. She provided a high level overview of patent requirements and talked about the difference between copyrights and patents.  

The primary take-away from this Meetup was the importance of seeking legal advice early and often to ensure that your startup is run safely and well.  

This event was co-sponsored by The Arkansas Venture Center, Create Little Rock and The Stroud Group Consulting.

 

 

Latest News

  • Harvey Hughes' 5 Tips for Startup Success

    Founder Harvey Hughes of Mountain Home's SEAS Education, an Innovate Arkansas client firm, likes to keep things simple. Here are his five tips for startup success.

    Read More »

  • Foreign Patent Trolls Threaten Arkansas Economy (Warwick Sabin Commentary)

    “Patent trolling,” the practice of obtaining large buckets of intellectual property rights with the intention of using them to extract damages and settlement revenue rather than to protect innovation or produce anything, is not a new idea. Over the past 40 years, lawmakers have tried to strike a balance between defending research and advancements while dissuading offensive use of patents that negatively impact our economy.

    Read More »

  • IA Client Firm SEAS Education not Typical 'Startup'

    One Innovate Arkansas client firm stretches the "startup" tag. SEAS Education of Mountain Home has been around since 1995 and quietly has become a leading national provider of education plan management software.

    Read More »

  • ARK Challenge: My Color of Beauty Aims to Fill Niche

    Eyona Mitchell is experiencing first hand how the other half lives. A one-person team competing in the fourth installment of the ARK Challenge startup accelerator in downtown Little Rock, Mitchell used to help businesses at previous stints working with the Downtown Little Rock Partnership and Alt.Consulting in Pine Bluff.

    Read More »