Tagged: business

ENTREPRENEUR WORKSHOP

Join us on Saturday August 18th for our next First Time Entrepreneur workshop!

The program is open to entrepreneurs that are starting companies in areas that are likely to draw venture capital investment. (The workshop is not applicable to service providers).

TICKETS: https://www.lava.org/events/first-time-entrepreneur-workshop-1

During the workshop you will learn how to:

  • Determine the value of your company
  • Put together a capitalization table
  • Understand how VCs screen potential investments
  • Understand the differences between trademarks, copyrights and patents and when you need them
  • Work with co-founders
  • Network at startup events — the right way

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CLIENT BULLETIN: California Supreme Court Changes Standard for Classifying Workers as Independent Contractors

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CALIFORNIA SUPREME COURT CHANGES STANDARD FOR CLASSIFYING WORKERS AS INDEPENDENT CONTRACTORS

On April 30, 2018, the California Supreme Court changed the standard used to determine whether a person is an independent contractor or employee of a company.

The Dynamex Operations West, Inc. v. Superior Court case centered around whether delivery service drivers for Dynamex were independent contractors or employees. For the past 30 years, companies relied on a multi-factor test in California that focused on whether the company had control over the how the work was being completed to classify a worker. Dynamex, also relying on this standard, argued that their drivers were independent contractors because the drivers set their own driving schedules, used their own vehicles, had the ability to decline delivery assignments and could work for multiple companies.

The Supreme Court, however, adopted a new standard in the Dynamex case and ruled that the drivers were in fact employees and allowed the drivers to be certified for a class action lawsuit.

The new “ABC test” will likely make it difficult for companies to classify workers as independent contractors in California because it presumes all workers are employees unless the company can demonstrate that the worker:

A). is free from the control and direction of the hiring entity in connection with the performance of the work, both under the contract for the performance of such work and in fact; and

B). performs work that is outside the usual course of the hiring entity’s business; and

C). is customarily engaged in an independently established trade, occupation, or business of the same nature as the work performed for the hiring entity.

Part A of the test includes similar language from the previous test with respect to control; however Parts B and C impose new restrictions on companies being able to classify a worker as an independent contractor. For Part B, the Supreme Court provided an example that a plumber or electrician who is hired by a retailer to perform maintenance work at a retail store is truly an independent contractor because the work being provided is outside the usual course of the retailer’s business. Part C is designed to identify those workers who have decided to go into business for themselves, regardless of whether the worker has actually formed a separate entity.

With this new standard in place, companies should reevaluate existing agreements with independent contractors to ensure whether these workers are indeed independent contractors under the new ABC test or should now be classified as employees and afforded the benefits of an employee.

School’s Back!

I am so excited to be back at Loyola Law School teaching Business Planning I: Financing the Start-Up and Venture Capital Financing this semester!

The course motivates students to consider the legal and business implications involved  in forming and operating an emerging business. The course, much like my First Time Entrepreneur Workshop, analyzes:

  • The deal cycle of a start up company
  • Selecting a business entity
  • Structuring the economic benefits
  • Management control among various owners
  • Protecting intellectual property
  • Raising capital

 

During this course law students learn to apply these ideas by reviewing and analyzing legal documents typically used in organizing and financing a start-up. The goal of the class is to prepare students for the types of projects and challenges they will one day confront as lawyers.

I look forward to this semester, I know it’ll be a great one!

 

 

 

Investor to speak at LAVA’s First Time Entrepreneur workshop

Investor Buck Jordan of Canyon Creek Capital is scheduled to speak to attendees at LAVA’s First Time Entrepreneur workshop on Saturday, September 16, 2017.

At this workshop attendees  will learn how to:

  • Determine the value of your company
  • Put together a capitalization table
  • Understand how Venture Capitalists screen potential investments
  • Understand the differences between trademarks, copyrights and patents and when you need each of them
  • Work with co-founders
  • Network at startup events — the right way

 

For more information and to register for the workshop, visit: First Time Entrepreneur Workshop.

Workshop for First Time Entrepreneurs

LAVA’s fall First Time Entrepreneur workshop is scheduled for Saturday, September 16, 2017!


 

We will also have a special guest speaker: Venture Investor Buck Jordan, of Canyon Creek Capital

At this workshop you will learn how to:

  • Determine the value of your company
  • Put together a capitalization table
  • Understand how Venture Capitalists screen potential investments
  • Understand the differences between trademarks, copyrights and patents and when you need each of them
  • Work with co-founders
  • Network at startup events — the right way

 

For more information and to sign up, visit: First Time Entrepreneur Workshop.

Sept. 16: First Time Entrepreneur workshop

Calling all first time entrepreneurs!

LAVA’s fall First Time Entrepreneur workshop is scheduled for  Saturday, September 16, 2017!

We will also have a special guest speaker: Venture Investor Buck Jordan, of Canyon Creek Capital

At this workshop you will learn how to:

  • Determine the value of your company
  • Put together a capitalization table
  • Understand how Venture Capitalists screen potential investments
  • Understand the differences between trademarks, copyrights and patents and when you need each of them
  • Work with co-founders
  • Network at startup events — the right way

 

For more information and to sign up, visit: First Time Entrepreneur Workshop.

 

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First Time Entrepreneur Workshop: September 16, 2017

Our fall First Time Entrepreneur workshop is scheduled for  Saturday, September 16, 2017!

At this workshop you will learn how to:

  • Determine the value of your company
  • Put together a capitalization table
  • Understand how Venture Capitalists screen potential investments
  • Understand the differences between trademarks, copyrights and patents and when you need each of them
  • Work with co-founders
  • Network at startup events — the right way

For more information and to sign up, visit: First Time Entrepreneur Workshop.

 

crowley-logo5757