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On Demand

Business Law – Formation 101 - Business formation for cannabis businesses


Average Rating:
   9
Category:
Business |  Business of Law |  Cannabis |  Corporate Governance |  Federal Law |  Licensing and Permitting |  Policy
Faculty:
Megan Sheehan |  Karen Bernstein |  Rachel Gillette |  Lara DeCaro
Duration:
1 Hour 34 Minutes
Format:
Audio and Video
SKU:
INCBA05282021OD
License:
Access for 6 month(s) after purchase.



Description

In this webinar we will go over the basics of business formation for cannabis businesses. This webinar will focus on issue spotting and going over the key considerations for cannabis business entities, including due diligence on partners, what type of structure best meets your clients' needs, the steps in formation and key documents, intellectual property considerations, and 280e considerations.

Credits


General

This program is eligible for 1 hours of General CLE credit in 60-minute states, and 1.2 hours of General CLE credit in 50-minute states. Credit hours are estimated and are subject to each state’s approval and credit rounding rules. 

INCBA webinars are eligible for credit in the following states: AR, AL, AK, AZ, CA, CO, CT,DE, GA, HI, IL, IN, MN, MS, MO, NV, NH, NJ, NM, NY, NC, ND, OH, OR, PA, TN, TX, UT, VT, WV, and WI . Additional states may be available for credit upon self-application by attendees. States typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program.

INCBA on demand programs are eligible for credit in the following states: AR, AL, AK, AZ, CA, CO, CT,DE, GA, HI, IL, IN, MN, MS, MO, NV, NH, NJ, NM, NY, NC, ND, OH, OR, PA, TN, TX, UT, VT, WV, and WI . Additional states may be available for credit upon self-application by attendees. States typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted.

For current accreditation status, please select your jurisdiction below.



Handouts

Faculty

Megan Sheehan's Profile

Megan Sheehan Related seminars and products

Attorney

Sheehan & Associates


Megan Sheehan is the owner of Sheehan & Associates Law, a boutique firm in Lexington, MA and Barrington, RI. Megan represents small to mid sized cannabis businesses, both plant touching and ancillary, providing services for business formation, contracts, commercial leases, capital raising, and mergers and acquisitions. Megan's firm is truly a family business- she practices with her mother and her two brothers also work at the firm. Before having her second career as a lawyer, Megan worked in operations for small businesses and non-profits. Megan also has a strong background in community organizing and activism, having worked with community radio stations and in healthcare organizing. Megan received her BA from Macalester College in St. Paul, MN, and her JD from Vermont Law School. Megan enjoys reading fiction, biking, hanging with her son and husband, and swimming. 


Karen Bernstein's Profile

Karen Bernstein Related seminars and products

Managing Partner

Bernstein IP


Rachel Gillette's Profile

Rachel Gillette Related seminars and products

Partner & Chair of the Cannabis Practice Group

Greenspoon Marder LLP


Rachel Gillette is among the first attorneys in the nation to dedicate her practice to the cannabis industry. Since 2010, Ms. Gillette has helped licensed cannabis and hemp businesses with licensing, permitting and regulatory compliance, business law and transactions, contract drafting and review, tax litigation, corporate formation, and other tax matters, including audit representation. She works with startups and entrepreneurs, investors, and ancillary industry businesses to help develop the cannabis innovation ecosystem, and is a zealous advocate for the industry.

Ms. Gillette regularly represents clients before the IRS’s Examinations, Appeals, and Collections Divisions, including cannabis businesses facing the challenges of IRS adjustments under IRC §280E. She has successfully challenged local, state and federal tax deficiencies on behalf of her clients, having prevented hundreds of thousands of dollars in incorrectly assessed taxes, interest, and penalties. She can assist individual and business taxpayers in §280E proposed adjustments, offers in compromise, audit examinations, innocent spouse claims, sales, use, and employment tax matters, trust fund tax penalty assessments, penalty abatements, and levy releases. Additionally, Ms. Gillette has significant U.S. Tax Court litigation experience, which is highly beneficial in unique and complex cannabis tax matters.

For several years, Ms. Gillette was the Executive Director of the Colorado state chapter of NORML, the National Organization to Reform Marijuana Laws. She was a founding member of Women Grow and the National Cannabis Bar Association. She an advocate as well as an attorney, and is committed to helping change laws – and perceptions – relating to cannabis and ensuring state licensed and legal marijuana businesses are fairly taxed and regulated.

Ms. Gillette received her Juris Doctorate from the Quinnipiac University School of Law in Hamden, Connecticut, where she served as Associate Editor of the Quinnipiac University Probate Law Journal. During law school, she interned with the New Haven Public Defender’s office, where she developed her commitment to advocacy for those facing the many challenges of the criminal justice system.

Ms. Gillette serves on the Management Committee at Greenspoon Marder.


Lara DeCaro's Profile

Lara DeCaro Related seminars and products

Partner

Leland, Parachini, Steinberg, Matzger and Melnick


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Overall:      4.2

Total Reviews: 9

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