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MBBP Trademark Client FusionStorm Earns Ultra-Exclusive Dell EMC Titanium Black Honor 02/01/2017

Posted by Morse Barnes-Brown Pendleton in Client News, Computer Software & Hardware.
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MBBP’s trademark client FusionStorm has truly earned its stripes over the past six years fusionstorm-logoafter receiving more than a dozen Partner of the Year vendor awards, and recently having been handpicked as one of the partners to join the extremely exclusive Dell EMC Titanium Black program. This program gives FusionStorm access to a broad range of exclusive benefits aimed at driving sales growth, and also provides the company with the ability to meet, confer, and brief with Dell’s top technologists and Dell EMC CEO Michael Dell. FusionStorm’s CEO of five years, Dan Serpico, has attributed the company’s success to its ability to adapt to how the environment and market each shift, to maintain the company’s strong relationships with vendors and customers, and to lead the company through shifts in the industry.

The company’s entrepreneurial sales approach and technical expertise have served to build the company’s culture, and in turn, its ability to deliver its service product. Serpico attributes the company’s great success to FusionStorm’s employees and their innovative ideas, as listening and paying attention to the workers is another segment of FusionStorm’s culture. The company works incredibly hard to remain ahead of competitors in order to predict shifts and remain relevant within the industry. With the company’s recent and incredible success, Serpico emphasizes the importance of continuous innovation, and the company pays very close attention to the future of the industry, and how FusionStorm will remain a part of it. Congratulations to FusionStorm!

For more information, read the full article.

Highlights from MBBP Life Sciences Series Panel 2 – Laying the Foundation for Growth: Entity & Equity 07/05/2016

Posted by Morse Barnes-Brown Pendleton in Attorney News, Client News, Corporate, Events, Life Sciences, Venture Capital & Private Equity.
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On Wednesday June 22nd, the offices of Morse, Barnes-Brown & Pendleton were filled with a crowd of people for a life sciences panel discussion on “Laying the Foundation for Growth: Entity & Equity.”  Esteemed panelists included Marc Cote, COO of Accellient; Jeffrey Solomon, Managing Shareholder of Katz Nannis + Solomon; and MBBP’s own John Hession as moderator.

The panel explained to the audience the importance of understanding the different entity options when starting a new business, and JMH Headshot Photo 2015 (M0846571xB1386)provided important tips on how to pick the right fit for the business.  John Hession stated that when choosing an entity it is crucial to consider where you plan on heading with the business and the long-term goals, how long before you generate money, investments, exit strategy, and how long before you will be investing money of your own into the business.

Jeffrey Solomon explained that most investors will insist that your business is a Delaware C-Corp.  He detailed that although LLCs can be beneficial because of their pass through tax benefits, they also have more complexities with tax filings.  However, since C-Corps are able to receive 1202 tax treatment and exclude gains, C-Corps are typically preferred.  The panel also discussed equity strategic considerations, including restricted stock options, with Marc Cote describing the importance of filing an 83(b) within 30 days of executing the agreement.

These were merely a few of the insightful topics discussed at the 2nd Life Sciences Series Panel.  The next panel in September will be equally educational, so keep an eye out for further details, including registration information, on our site.

PEVC Committee Chair to attend ABA Business Law Section Conference 04/07/2016

Posted by Morse Barnes-Brown Pendleton in Attorney News, MBBP news, Venture Capital & Private Equity.
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M0846570This week Attorney Jon Gworek, chair of the ABA Private Equity and Venture Capital Committee, is off to Montreal for the 2016 Business Law Section Spring Meeting. The Business Law Section of the American Bar Association includes over fifty committees with the PEVC being the fifth largest. Throughout this conference, the PEVC Committee has a full and exciting agenda.

To learn more visit our VC blog.

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