Tech Transfer Central
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Choosing the Best Legal Structure for University Start-ups

Format: On-Demand Video, DVD, or PDF Transcript
Originally presented: November 04, 2015

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The legal structure you choose for each university start-up has significant implications for potential liability, tax, and future funding rounds, yet this critical decision is often given little consideration. LLCs are gaining popularity with universities but bring with them several unique challenges, while S corps still have many proponents.

And beyond the business structure chosen, how your start-up’s legal documents are written — and the forethought given to unique issues universities face when forming new ventures – can either serve to protect your investments and your university, or leave it open to a host of complications and problems.   

Technology Transfer Tactics’ Distance Learning Division has teamed up with an expert attorney and a tech transfer leader — both of whom specialize in university-based start-up formation and structure — to present a comprehensive distance learning program that will teach you the critical issues to consider in business structure, as well as the key document drafting strategies that prevent tax and legal problems while supporting the long-term goals of your technology commercialization programs.

Please join us for:

Choosing the Best Legal
Structure for University Start-ups

Please join Robert McGrath of Drexel University and Christopher Wright of McCausland Keen & Buckman when they take an in-depth look at the most critical, challenging, and often overlooked issues  related business structure for university start-ups:

  • Considerations when taking equity in corporations
  • What exactly is a Limited Liability Company – pros and cons
  • Special challenges for LLC deals such as:
    • Complex organizational documents
    • Unrelated Business Taxable Income (UBTI) risks
    • Concerns with IRS joint venture rules
    • Allocation of risk and reward
  • Complex Organizational Documents
    • Few default rules (unlike a corporation)
    • Expensive (but worth it?)
  • What is UBTI and what makes non-profits steer clear?
  • Joint Venture concerns such as:
    • University is engaged in the business
    • Certain activities prohibited
    • Limited IRS guidelines
  • Clarification of important warrant terms
  • And much more…

PLUS: Get your specific questions answered in the Q&A portion of the program

Your Expert Presenters:

Robert McGrath, PhD
Senior Associate Vice Provost and Executive Director of Technology Commercialization
Drexel University

Dr. McGrath joined Drexel in 2005, and spent six years prior to that at the University of Pennsylvania serving as Director of Technology Licensing. Dr. McGrath has organized the Basic Licensing Course for the Association of University Technology Managers, and spoken about marketing university technologies, streamlining the deal making process at universities, and integrating commercialization with translational research. He has served as a consultant for venture capital firms, evaluating the technical strengths of investment opportunities, and currently serves as an advisor for Ben Franklin Technology Partners.

Christopher Wright
Shareholder
McCausland Keen & Buckman

Mr. Wright provides legal advice and counseling to entrepreneurs, technology companies, educational and research institutions, and equity investors in their transactional and intellectual property matters. Mr. Wright has 20 years of experience in contributing to the growth of technology companies, helping build promising ventures into successful companies, and facilitating educational institutions in achieving their licensing and commercialization objectives.

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CLP and CLE Credits Available
Please review your State Bar’s policy on distance learning credits prior to submitting the non-refundable application fee. We submit CLE applications (excluding NY, NJ, IL, LA & PA) for an additional $50 (unless otherwise specified upon checkout). Approval times vary per state and cover all attorneys in attendance. Application is not a guarantee of approval and attendance forms must be submitted following the program.

CLP Credits are also available.


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