Small Business Committee

The Small Business Committee is organized to assist business lawyers in Philadelphia and the surrounding counties with the practical implications of the delivery of legal services and general counseling to growing business enterprises. The Committee recognizes that small business owners look to their attorneys for advice on a wide range of subjects from structuring an initial business plan, to counseling on exit strategies.


Chair

Kate Tepper
Duane Morris LLP
30 South 17th Street
Philadelphia, PA 19103-4196
215 979 1924
cmtepper@duanemorris.com

Vice Chair

Mark T. Vogelbacker
ReedSmith LLP
2500 One Liberty Place
1650 Market Street
Philadelphia, PA 19103
215-851-1428
MVogelbacker@ReedSmith.com

Executive Committee Liaison

Rachel E. Branson
Schnader Harrison Segal & Lewis LLP
1600 Market Street, Suite 3600
Philadelphia, Pennsylvania 19103
O: 215-751-2438
rbranson@schnader.com


Recent Events

  • What Keeps Entrepreneurs Up At Night: A Talk on Legal Aspects of Seed Financings & Other Funding Options

    Small Business Committee Panel Presentation

    A Philly Tech Week panel presentation oriented toward the founders of tech start-ups and other high-growth model companies. The panelists discussed the basics of debt and equity financings for early stage companies.

    Co-sponsored by:


    Panel Members


    Richard Cohen

    Richard L. Cohen concentrates his practice in the areas of securities, mergers and acquisitions, corporate financing (public and private), general corporate law and business counseling. His client base includes a broad range of business entities, both public and private, including manufacturing companies, biotechnology and technology companies, telecommunications companies, banks and insurance companies, start-up entities and venture capital firms. He is a 1995 graduate of New York University School of Law and a graduate of The Wharton School of the University of Pennsylvania.

    He regularly lectures on the legal issues impacting early stage companies at the Wharton School of the University of Pennsylvania and presents to the Wharton Venture Initiation Program on a variety of the legal issues relevant to entrepreneurs.


    Robert Borghese

    Robert J. Borghese is a corporate and transactional attorney in private practice in Philadelphia and New York. He specializes in providing legal and business advisory services to emerging growth companies; he advises emerging growth companies on corporate strategic planning, debt and equity financings, and corporate legal and transactional issues. Mr. Borghese is a member of the faculty of the Wharton School of the University of Pennsylvania where he teaches on legal aspects of entrepreneurship. He is the author of M&A from Planning to Integration: Executing Acquisitions and Increasing Shareholder Value and has appeared as a guest on CNBC's Power Lunch and CNNfn's Money Gang to discuss corporate and acquisitions.


    Neil Cooper

    Neil Cooper is a Partner of the firm. He focuses his practice primarily on business and corporate law matters, effectively serving as outside general counsel to many of his clients. Among other things, Mr. Cooper advises clients on structuring, negotiating, and documenting finance transactions, acquisitions and dispositions, solar energy transactions, licensing transactions, and a broad range of business agreements, with emphasis on start-up and emerging growth companies, entrepreneurs, and investors in a variety of industries, especially technology. He also counsels founders, executives, and investors with respect to equity positions, governance, employment arrangements, and agreements among investors. Neil has successfully negotiated hundreds of technology and licensing transactions, including many multi-million dollar, international deals, several involving vendors and service providers from multiple countries.


    Moderator

    Neil Cooper

    Joel S. Solomon manages complex commercial transactions, asset and business acquisitions and sales, loan documentation and negotiation, commercial and residential real estate purchases and sales, mergers and acquisitions, public and private offerings and distressed acquisitions throughout the world. As a trusted legal and business advisor, he acts as outside general counsel to a number of local, national and international companies. In that role, Mr. Solomon helps his clients analyze and assess critical business issues and achieve strategic business goals. He also helps spearhead funding initiatives for companies in need of financing.


    Date:
    Tuesday, April 08, 2014

    Time:
    6 p.m.

    Location:
    United Plaza Building
    30 South 17th Street
    Morris Café
    Philadelphia, PA 19103

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  • Choice of Entity Issues: LLC or S Corporation?

    Small Business Committee CLE

    Featuring:
    Dennis C. Reardon, Esq.
    Reardon & Associates, LLC, Wayne

    Featuring:
    Steven Rosard, Esq.
    Rosard Law LLC, Philadelphia

    This afternoon CLE will address the tax and non-tax implications of choosing an LLC or an S corporation as the most appropriate business entity for your smaller business clients. The discussion will focus on the tax issues regarding the receipt of compensation for services or passive income, in light of recent tax law changes. While on the non-tax side, limited liability companies offer greater flexibility in ownership, governance, fiduciary duties and transfer restrictions; corporations provide greater certainty as to legal requirements. These topics, among others will be explored. Our experienced speakers will also touch on "benefit corporations," enabled by legislation in Pennsylvania and Delaware just this year.

    Date:
    Monday, December 09, 2013

    Time:
    12 p.m.

    Location:
    Pennsylvania Bar Institute
    CLE Conference Center
    Wanamaker Building, 10th Floor

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  • Mediation of Business Disputes Involving Small Businesses

    Small Business Committee CLE

    Featuring:
    John Francis Gough, Esq.
    Gough Law Associates, RLLC

    The goal of this CLE presentation will be to explore the considerable benefits of mediation to resolve disputes involving small businesses, to provide advice on the selection of a mediator, and to convey an understanding of the nuts and bolts of the typical mediation process. John Francis Gough will present an overview, entitled: "A Conversation with a Mediator", addressing three principal aspects of mediation:

    • Why (Not) Try Mediation?
    • What to Look for in a Mediator and Why
    • The Elements of the Mediation Process

    Mr. Gough is a graduate of the Yale Law School and has been a Partner and Of Counsel at several large Philadelphia law firms. He established his own firm in 2005. Having had firsthand experience with the time and cost expended by parties in business litigation, often with disappointing results, he is an outspoken advocate for mediation to resolve business disputes, particularly for small businesses, as they can least afford the burdens of business litigation.

    Date:
    Wednesday, September 18, 2013

    Time:
    9 a.m.

    Location:
    Pennsylvania Bar Institute
    CLE Conference Center
    Wanamaker Building, 10th Floor

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  • Benefit Corporations: When the Bottom Line Includes People and the Planet (Not Just Profits)

    Small Business Committee CLE

    Featuring:
    Jodi Bromberg, Esq.
    Hopkins Bromberg LLC
    Kristen Hopkins, Esq.
    Hopkins Bromberg LLC

    The Pennsylvania Benefit Corporation Act recently went into effect providing start-ups and existing businesses with a new choice of entity. Learn what it's all about, and specifically, how it helps those businesses who are interested in achieving a triple bottom line. This luncheon CLE will provide details on this emerging entity and how you can help clients "benefit" from this new business structure.

    The topics to be discussed will include:
    • The Rationale Behind Benefit Corporations
    • What's a Benefit Corporation?
    • Electing to become a Benefit Corporation
    • Advantages of the Benefit Corporation
    • Differences between "Benefit Corporations" and "Certified B Corporations"

    Date:
    Friday, May 17, 2013

    Time:
    12:30 PM

    Location:
    Pennsylvania Bar Institute
    CLE Conference Center
    Wanamaker Building, 10th Floor

  • Small Business Committee Meeting

    Sales and Acquisitions of Small Businesses:
    The Process from the Perspective of Owners and Buyers

    Susan Freedman, investment banker specializing in mergers and acquisitions, will provide an overview of the sale and acquisition process from the perspective of owners and buyers of small businesses.

    The initial phase of the process is the planning phase which must be done properly and timely in order for the remainder of the process to ensue efficiently and successfully. The next phase is contacting and screening prospects to determine their level of commitment and ability to consummate a transaction. The third phase involves the negotiations regarding the purchase/sale price and terms of the transaction. Finally, the last phase consists of successfully closing the transaction.

    In addition to discussing the role of the intermediary, Ms. Freedman will highlight the roles of other professionals such as the attorneys, accountants, and bankers. For a transaction to proceed smoothly and cost effectively which is an important factor to our small business clients, it is imperative that all parties and their professional advisors know how to work together for a common goal.

    Date:
    Wednesday, July 17, 2013

    Time:
    8:30 AM

    Location:
    Ballard Spahr LLP
    1735 Market Street
    51st Floor


Past Events

  • Choosing the "Right" Form of Business Entity

    Small Business Committee Meeting

    Featured Speakers:
    Katayun I. Jaffari, Esquire
    Ballard Spahr LLP

    At this meeting we will hear from Katayun Jaffari of Ballard Spahr, who will address the considerations with respect to choosing an entity type. She will review the advantages and disadvantages or various legal entity forms as well as discuss the considerations that are most important when choosing the form to create for a new business.

    A discussion regarding the Committee's initiatives for the new year will also be discussed. Please note the meetings are open to any member of the Philadelphia Bar Association that would like to attend, please tell your colleagues!

    Date:
    Wednesday, December 12, 2012

    Time
    8:30 a.m.

    Location:
    Ballard Spahr LLP
    1735 Market Street
    51st Floor

  • Small Business Financing 101

    Solo and Small Firm Committee CLE Program

    This program is co-sponsored by the Small Business Committee of the Business Law Section.

    Featured Speakers:
    Darren Sudman, Esq.
    Partner, Multifunding, Broad Axe
    Barbara Anne Gardenshire-Mills
    Economic Development & Lender Relations Specialist
    Small Business Administration, King of Prussia
    Samantha Arland
    Business Express Lending Specialist
    Fox Chase Bank, West Chester

    Whether you are purchasing a new printer for your law office, or helping a client buy a fleet of company vehicles, knowing what financing options and resources are available is critical. During this informative session, industry experts will teach you how to access the capital you and your clients need for business transition and growth, including:

    • Financing options
    • The lending process
    • How to obtain the best interest rates

    The program has been approved for 1.0 Substantive CLE credit. Participants wishing to receive the CLE credit will be required to pay a fee of $25.00 for members of the Philadelphia Bar Association admitted for more than five years and $20.00 for members of the Philadelphia Bar Association admitted for less than five years. Interested parties not seeking CLE credit may attend and purchase lunch through the Philadelphia Bar Association. Please make CLE tuition checks payable to the Pennsylvania Bar Institute.

    Date:
    Tuesday, October 9, 2012

    Time
    12:30 p.m.

    Location:
    Philadelphia Bar Association
    1101 Market Street
    11th Floor Conference Center
    Philadelphia, PA 19107

  • Succession Planning for Privately Owned Businesses

    Small Business Committee Meeting

    Featuring:
    Harold Floyd
    Delaware Valley Industrial Resource Center

    At this meeting we will hear from Harold Floyd, Business Solution Advisor at the Delaware Valley Industrial Resource Center, who will address some of the non-legal considerations with respect to succession planning for privately owned businesses. By far one of the greatest challenges in small business succession planning is the poorly planned and ultimately incorrect fashion that small businesses are handed-off to successors, including family members, who are ill prepared to handle it. Learn about the challenges and how you can assist your clients in handling them.

    We will also review our initiatives for the remainder of the year. Please note that our meetings are open to any member of the Philadelphia Bar Association that would like to attend, please tell your colleagues!

    Date:
    Thursday, July 12, 2012

    Time
    8:30 a.m.

    Location:
    Ballard Spahr LLP
    1735 Market Street
    51st Floor
    Philadelphia, PA 19103

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  • Considerations regarding the America Invents Act and how to help your clients

    Small Business Committee Meeting

    Featuring:
    Mark Vogelbacker
    Panitch Schwarze Belisario & Nadel LLP

    At this meeting, we will hear from Mark Vogelbacker, a patent attorney with Panitch Schwarze Belisario and Nadel. Mr. Vogelbacker will provide a brief overview of the America Invents Act signed September 16, 2011, which significantly changes many aspects of US patent laws for the first time since 1952. Parts of the act are already in effect and other parts phase in by March 16, 2013. Learn about the "first inventor to file" provisions and other important provisions that general business attorneys should be aware of to effectively counsel their clients regarding patent protection for their inventions.

    We will also review our initiatives for the remainder of the year. Please note that our meetings are open to any member of the Philadelphia Bar Association that would like to attend, please tell your colleagues!

    Date:
    Wednesday, May 23, 2012

    Time
    8:30 a.m.

    Location:
    Ballard Spahr LLP
    1735 Market Street
    51st Floor
    Philadelphia, PA 19103

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  • 2012 Planning Meeting

    Small Business Committee Meeting

    Do you represent small businesses in the areas of transactional law, litigation, real estate, intellectual property - or any other disciplines? Can you share your insights with your fellow Philadelphia Bar Association colleagues? Do you currently or hope in the future to represent small businesses in these areas?

    It is time to plan for 2012 and the work of the Small Business Committee. Current suggestions are for quarterly meetings covering new topics such as the nuts and bolts of real estate considerations for small business and litigation management and avoidance for small businesses. A business clinic is on the drawing board as well as ideas to work with other committees of the Business Law Section. Law students are the future of our profession and so consideration on getting them involved is in the works as well.

    Date:
    Wednesday, March 07, 2012

    Time
    8:30 a.m.

    Location:
    Ballard Spahr LLP
    1735 Market Street
    51st Floor
    Philadelphia, PA 19103


Past Events Archive