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Simpsonville, SC, United States, 2012/05/18 - One of the deciding factors concerning whether new ventures succeed or fail is the ability to manage risk. To be successful, entrepreneurs cannot just assume the risk of a business venture, they must actively manage risk. Learn more at the Forum.
McNair Law Firm, P.A. will be sponsoring the next InnoVision Forum on May 24, 2012 covering Risk Mitigation for Entrepreneurs. Businesses, educational institutions, governmental entities, and entrepreneurs are welcome to attend.
RISK MITIGATION PANEL INCLUDES:
Douglas W. Kim, Attorney with McNair Law Firm
Mr. Kim will speak about legal prevention maintenance as it relates to market analysis in light of your business goods or services, intellectual property searches, selecting business and brand names, avoiding IP infringement liability, reducing the risk of your idea being stolen, dealing with independent contractors and employees, and putting your IP portfolio in order prior to contacting investors or due diligence to avoid negatively effecting a deal.
Kevin Hendricks, Attorney with Entrepreneurs Law Group
Mr. Hendricks will discuss the importance of properly structuring an organization at its formation. This will include corporate structure, proper filing, and in particular, the need for correctly setting up a company if soliciting investment is needed. The risks associated with the violation of the security laws when raising funds are largely misunderstood and the penalties can be severe. Mr. Hendricks will provide best practices to avoid these risks.
Norm Poole, Business Analyst with A.T. Locke, Total Accounting
Mr. Poole will discuss the importance of accurate and relevant financial documents and their strategic value when having discussions with banks, investors, vendors and regulatory authorities. When expenses, revenues and cash flow are understood, the risk of being underfunded or having cash flow issues is mitigated. Examples will be provided for companies that benefited from having properly organized financial records during due diligence when entertaining a merger or sale, when presenting to investors, and when vendors request financials to provide goods or services to a business.
Wes Whitten, Financial Services Representative with MetLife of the Carolinas
Mr. Whitten will provide an explanation of what is D&O insurance in contrast to GL insurance and how it mitigates risks associated with business from securities fraud claims to the simple slip and fall. This discussion will provide the advantages and benefits of each as well as a general indication of costs vs. coverage.
Thursday, May 24, 2012
3:00 pm - 5:00 pm Presentations ~ 5:00 pm - 7:00 pm Networking
Location - McNair Law Firm, P.A., Poinsett Plaza, Suite 700, 104 S. Main Street, Greenville, SC
Seating is limited, so please respond early
RSVP to Kathy Ham by email: kham[.]mcnair.net by P: 864-552-9345
InnoVision: Celebrating excellence. Honoring distinction. Applauding innovation.