NYSBA event recap: Outten Golden Partner Wendi Lazar presents workshop on “sweat equity” in start-ups

By Katherine Blostein

On behalf of the New York State Bar Association, Wendi Lazar, Partner and co-chair of the Outten & Golden Executives and Professionals Practice Group, presented a discussion panel at Manhattan’s CUNY Graduate Center on 34th Street as part of a 4-hour MCLE workshop titled “‘Sweat Equity’ in Start-Ups and Early-Stage Businesses: Legal, Tax and Employment Issues for Founders, Key Executives and Independent Contractors.” In her lecture, Lazar focused primarily on company founders’ obligations to There employees, recruiting talent, wage and hour concerns (wages vs. equity), misclassifying employees as independent contractors, and preparing for a sale (workplace issues, avoiding tax problems, potential litigation, and the value of the business).