Why form a business entity when you can have it under your own name?

Carson Maricle and Scott Johnston from Greensfelder, Hemker & Gale, P.C.

On Thursday, February 27, Carson D. Maricle and Scott C. Johnston shared their expertise regarding the legal considerations of forming early-stage ventures.

As part of the Skandalaris Venture Competition workshops, the Skandalaris Center brought in Carson and Scott, experts from Greensfelder, Hemker, & Gale, P.C. to help student teams and other entrepreneurs working on early-stage startups learn the intricate details of the legal issues behind company formation.

Throughout the workshop, Carson and Scott went over the variety of business entities available. In particular, they explained Sole Proprietorship, S Corporations, C Corporations, and LLCs, along with the advantages and disadvantages of each of them.

During the event, Carson shared that in the United States, "by far there are more S corporations than anything else." And while S Corporations have "pass-through taxation," they are restrted to having less than 100 shareholders.

SVC Workshop - Legal

In addition to providing an understanding of the legal considerations, Carson and Scott also discussed practical steps to forming a business entity. This was especially helpful to the attendees and paved a clearer path for the aspiring entrepreneurs in the room!

If you are interested in other SVC Workshops, the next one is Websites with Wix on March 4th, where attendees will receive a free year of Wix premium. We look forward to seeing you there!

For other Skandalaris Center Events, click on this link!