New Ventures Strategic Partner Spotlight: Alexis Kim
Alexis, an attorney in the Tax group, has broad experience counseling businesses, nonprofit organizations and individuals on a wide range of transactional federal income tax matters and Ohio tax controversy matters before the Ohio Department of Taxation and Ohio Board of Tax Appeals. She advises clients on aspects of corporate and partnership taxation, including the tax consequences of mergers and acquisitions involving private equity funds and regulated investment companies. Alexis regularly counsels clients on transactions involving Section 1202 qualified small business stock (QSBS), advising on the associated gain exclusion for QSBS shareholders. Additionally, she counsels on matters involving renewable energy transactions, particularly those involving the Section 48 investment tax credit.
Startups Streamlined – Cleveland In-Person Event – April 17
Navigating Cleveland's Thriving Startup Ecosystem
Next month, we will delve into the entrepreneurial landscape of Cleveland. Situated within the top 150 startup ecosystems worldwide, Cleveland boasts a burgeoning community ripe for further expansion. We'll uncover the opportunities and dynamics driving Cleveland's thriving startup ecosystem and explore its potential for growth and innovation. Additionally, we'll explore crucial topics, including venture debt, tax implications such as QSBS 1202b taxation for C corporations and the employment challenges that startups commonly face.
The event will be held from 4:00 – 5:30 p.m. at the Thompson Hine Cleveland office. Email Elise Hoffer at Elise.Hoffer@ThompsonHine.com for more information.
Zane Venture Fund – Thompson Hine Sponsors Capital Readiness Cohort 7 Program
Earlier this month, Lindsay Karas Stencel presented to the Zane Access Cohort Accelerator Program in the Thompson Hine Atlanta office. Zane Access empowers overlooked early-stage founders and small business owners by providing critical training, support and funding education essential for success. She presented on legal setup and terminology, including all things convertible notes, SAFEs and preferred equity. The cohort was incredibly engaged and had meaningful conversations about difficult topics, such as how to pitch or present a fundraising opportunity to potential investors and how to determine if you’re giving up too much in the early rounds.
In the Community: Ohio Chamber of Commerce for Veterans – Board Member
Thompson Hine attorney Jasmin Hurley is the Board Chair and Chapter Lead for the Central Ohio Chamber of Commerce for Veterans. She is a former U.S. Army officer and dedicates her practice to helping small businesses and startups with their corporate needs. In addition to her professional endeavors, she co-owns Hurley Rentals LLC with her husband. Jasmin has dedicated her time to various volunteer roles supporting initiatives for veterans.
Data Insights: Startup Attrition Outpaced Hiring in 2023 - More Employees Departed Than Joined
What happened? Two potential factors include founders reducing costs, with the largest cost center being payroll, and employees opting to remain in their current jobs, thus reducing the necessity to hire backfills. To view the full statistics*, click here. (*Data provided by Carta Insights.)
QuickLaunch: Experienced Guidance for Startups and Investors
Our QuickLaunch program is tailored to entrepreneurs, startups and investors, providing guidance on growth and funding cycles and offering cost-effective counsel on day-to-day legal matters from formation to funding to exits. Our seasoned team helps navigate the confusing waters of growth, funding, expansion and those tricky legal issues that can arise, often at fixed or budgeted pricing by using our firmwide proprietary SmartPaTH™ tool. To learn more about our tailored, value-enhancing solutions, please visit our QuickLaunch site.
For more information, please contact a member of our QuickLaunch team.