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June 23, 2025 42 mins

In this episode Susan and Jordan are joined by attorneys Lisa Coppola and Matthew Pelkey for an insightful discussion on the legal pitfalls and protections every entrepreneur should understand. From hiring your first employee to forming business partnerships, legal missteps can be costly. With real-life examples and practical advice, Lisa and Matthew break down the complex legal landscape for small business owners in a way that’s easy to understand and act on.

Topics discussed include:

  • Common legal issues faced by early-stage businesses

  • Employee classification: W-2 vs. 1099 and why it matters

  • Risks of hiring, firing, and remote work complications

  • The importance of documentation and employment contracts

  • What to include in contracts and partnership agreements

  • The role of insurance in legal risk mitigation

  • Succession planning and business continuity

  • How to build and leverage your professional advisory team

Don’t wait for a lawsuit to think legally. Tune in now and get the tools to protect your business from day one! The discussion in this podcast should not be considered legal advice. The Coppola Firm Colligan Law

Presented by UB School of Management’s Center for Entrepreneurial Leadership and Lemur Studios

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