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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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New Ventures Team Member Spotlight: Sean Ganley

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Sean is a partner in the firm’s New Ventures practice group. He focuses on representing entrepreneurs, emerging companies, angel investors and venture capital firms. He typically advises company-side clients from formation through funding to exit, and he has extensive experience in complex, venture-style corporate finance matters, mergers and acquisitions, and corporate organization and governance matters.

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Sean graduated from John Carroll University in 2004 (B.A.) and 2006 (M.B.A.) and from Case Western Reserve University School of Law in 2009 (J.D.). He loves Ohio and working with companies looking to put the area on the map. Sean also just welcomed his third daughter earlier this year.

Join us for our next Startups Streamlined session, “Privacy Issues and Starting Your Business Off Right,” on June 20. <a href="https://www.thompsonhine.com/professionals/lindsay-karas-stencel/">Lindsay Karas Stencel</a> will be joined by Thompson Hine attorney <a href="https://www.thompsonhine.com/professionals/marla-m-izbicky/">Marla Izbicky</a> for this presentation. To register, click <a href="https://thompsonhine.webex.com/weblink/register/rd42e64be6c165a2f48095620c294dcb7">here</a>. You can also <a href="https://www.youtube.com/channel/UCQMN7u9JpzQ8MIZfWrTHr6w" target="_blank" rel="noreferrer noopener">subscribe</a> to the Thompson Hine YouTube channel to catch up on all our past recordings.

Our most recent Startups Streamlined featured <a href="https://www.thompsonhine.com/professionals/mona-adabi/">Mona Adabi</a> discussing what makes the Federal Government Marketplace so appealing to companies looking to expand their business pursuits for consistent, stable revenue while delivering goods and services to help the federal government meet their missions. To view this recording, <a href="https://www.youtube.com/watch?v=JH-FdHkcK9s" target="_blank" rel="noreferrer noopener">click here</a>. For more information on Thompson Hine’s Government Contracts practice, <a href="https://www.thompsonhine.com/services/government-contracts/">click here</a>.

Proud to Be a Strategic Partner with Zane Venture Fund – Capital Readiness Cohort Program

Thompson Hine is excited to partner with Zane Venture Fund to sponsor Zane Access’ Capital Readiness Cohort. This premiere capital readiness experience was built to equip underrepresented founders with the skills to navigate the world of capital with confidence. Participants learn technical elements, including terms sheets, deal structures and forecasting to help founders master negotiation and eliminate learning-as-you-go. They also learn to understand how strategic elements, such as pitching, storytelling, personal brand and communication, can help strengthen their financial readiness for potential funding. This four-day intensive course provides founders with networks and mentors to help them champion their story and use their own powerful, unique voice and get financially prepared to scale and grow their business. To learn more, <a href="https://www.accesszane.org/capital-readiness" target="_blank" rel="noreferrer noopener">click here</a>.

Delaware LLC and LP Annual Tax Due June 1

Delaware limited liability companies (LLCs) and limited partnerships (LPs) are required to pay an annual tax of $300. These annual taxes are due on or before June 1 of each year. The next payment due date is Thursday June 1, 2023. The penalty for non-payment or late payment is $200. Interest accrues on the tax and penalty at the rate of 1.5% per month.

This is a courtesy reminder of potential obligations your company may have. In order to remain compliant with all applicable tax or registration requirements, companies are encouraged to follow the guidance outlined by Delaware’s Department of State regarding payments and deadlines. For more information, visit Delaware’s Division of Corporations page <a href="https://corp.delaware.gov/" target="_blank" rel="noreferrer noopener">here</a>.

QuickLaunch: Experienced Guidance for Startups &amp; 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 <a href="https://www.thquicklaunch.com/">QuickLaunch</a> site.

For more information, please contact a member of our QuickLaunch <a href="https://www.thquicklaunch.com/quicklaunch-team/">team</a>.

New Ventures Update – May 2023

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