John Akula, Charlie Johnson
| Jan/30 | Thu | 02:00PM-04:00PM | E51-149 |
Enrollment: Unlimited: No advance sign-up
Compensation for the founders and early employees of start-up companies raises a variety of complex business and legal issues. Early decisions are often made at a time when the young venture’s future is uncertain and its resources are scarce. Access to legal advice may be limited, and key participants may have expertise that is technology-focused rather than business-focused. Yet there are many questions that must be addressed. How should the equity be allocated amongst the founders, board members and early hires? How much equity should be rewarded for being the “idea” founder vs. the “implementing” founders? How should vesting work? How can early employees be paid with stock? What are the tax consequences? Are compensation issues different for a corporation vs. a limited liability company? This workshop will address these critical compensation issues as well as questions raised by the participants.
Charlie Johnson is a partner at the Boston law firm of Choate Hall & Stewart. He has had broad experience in advising both young companies and their investors, and has been a frequent guest lecturer in the law courses at MIT Sloan. John Akula has primary responsibility for the law curriculum at MIT Sloan.
*All participants should feel free to leave at 4pm, but if you would like more information on any topic, the faculty will be available until 5pm.
Sponsor(s): Sloan School of Management
Contact: John Akula, E62-316, (617) 452-3619, jakula@mit.edu