
This program will provide an in-depth examination of the key exit strategies for successful startups, including investor redemptions, financing, mergers, and IPOs. It will explore the legal and strategic considerations involved in each exit path, from negotiating investor redemptions and structuring financing agreements to navigating merger processes and preparing for an initial public offering. This program is designed to equip attorneys with the knowledge needed to guide startups through these critical transitions, ensuring a smooth and legally compliant exit strategy. Topics to be covered include:
- Is an exit the best approach?
- How can the founders retain control of their business and still grow?
- How should isolated and early redemptions of equity holders be handled?
- Can bank loans ever be used effectively by a late stage startup?
- Is your startup ready for a due diligence audit?
- What is the typical structure for the sale of equity interests?
- How do you sell a business?
- When is gain resulting from sale of shares eligible for exclusion from capital gains tax?
- How can a founder or early stage investor “rack”, “roll” and “stack” with small business stock?
- How can S corporation or LLC be converted to a Delaware corporation?
- How do mergers/SPACs work for a startup?
- Is an IPO ever practical?
This OnDemand CLE program earns 1 hour of General credit in California. It aired September 5, 2024 and features Mark T. Hiraide, Anna C. Jacob, LaVonne Lawson, and Eric Perlmutter-Gumbiner.
Mark T. HiraidePartner Advisor to Entrepreneurs, Startups, and Publicly Traded Companies Mitchell Silberberg & Knupp LLP
Anna C. JacobManaging Director American Discovery Capital
LaVonne LawsonCounsel Leech, Tishman, Fuscaldo & Lampl
Eric Perlmutter-GumbinerPartner Corporate and Mergers and Acquisitions Greenberg Glusker LLP
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