News & Insights

Dykema’s David Nay And William Kregel Outline Challenges For Start-up Companies

March 8, 2010

Detroit

David Nay and William Kregel of leading national law firm Dykema each gave presentations at the March 5 FastTrac TechVenture program, hosted by Wayne State University’s TechTown.

Speaking with aspiring entrepreneurs, Nay covered intellectual property issues and other legal challenges facing today's start-up companies, including patentable inventions, the use of confidentiality agreements, protecting trade secrets, and the policies and procedures of non-compete agreements.

Kregel discussed the fundamental tax and legal considerations for start-up entities, including choosing the appropriate organization type.

"It's important for entrepreneurs to learn about the legal aspects of successfully launching and building a business," said Nay. "With a good understanding of the challenges that lie ahead, entrepreneurs are better prepared to develop a solid strategy and assess business feasibility."

FastTrac TechVenture is a practical business development program designed to help entrepreneurs hone the skills needed to starting, operating, funding or growing a technology- or life sciences-based company. It is part of a three-year initiative to reshape Southeast Michigan’s economy by encouraging entrepreneurship and small businesses. Funded by the New Economy Initiative and created in partnership with the Ewing Marion Kauffman Foundation, the FastTrac programs aim to create 400 start-up companies over the next three years. TechTown, the Wayne State University research park and business incubator, is a key partner in the project, providing services and resources to empower and encourage entrepreneurs in Detroit.

David Nay focuses his practice on all aspects of intellectual property law, with a specific emphasis on patent and trademark prosecution, patent litigation, and advising clients on advanced design and risk assessment.

William Kregel's practice focuses on general corporate and securities matters, including public and private company mergers and acquisitions; financing transactions; venture capital, angel investor, and strategic partner financings; and SEC reporting, disclosure and compliance.