Lori Chesser, Allison Kerndt, and William Hughes presented at the Immigrant Entrepreneurs Summit on Saturday, November 19. The annual event has a mission to bring businesses of diverse backgrounds together to share, learn, and celebrate the immigrant entrepreneurship experience and contribution to the overall community. As the firm has done for a number of years, Davis Brown sponsored the event and shared valuable information with the immigrant entrepreneurs, aspiring entrepreneurs, and political and community leaders present.
Lori and Allison presented “Legal Considerations for Immigrant Entrepreneurs.” The presentation focused on what aspiring entrepreneurs need to think about as they are starting a business including corporate structure, permits and licenses, employee classification and more. Lori Chesser, chair of the Immigration Department, also shared details of applicable immigration and employment laws and regulations for entrepreneurs along with some details of how President-elect Trump intends to change the immigration system in the U.S. More details on what the election results mean for immigrants and employers are available in a post Lori wrote last week. Allison Kerndt, a member of the Intellectual Property department, shared some intellectual property considerations for business owners as well.
Will’s presentation, “Protecting Family Assets,” focused on how entrepreneurs can ensure that their choice of business entity and personal practices are set to ensure their personal assets are maintained separate from the business, and thus protected. Will emphasized that setting up a separate business entity with separate accounts and bookkeeping can protect your family from any issues that arrive in the business. Personal practices including creating an estate plan are also invaluable in separating a business from personal finances.
In addition to these presentations, four additional Davis Brown attorneys, Mike Gilmer, Maggie Hanson, Elizabeth Van Arkel, and Wei-erh Chen were on hand to answer questions from attendees about business, immigration and other topics.