Start-Up Ventures

Akabas & Sproule has represented a variety of start-up businesses, including software developers, real estate ventures, asset management firms, restaurants, professional corporations, business investment companies, tech companies, magazine publishers, import/export and other trading companies, securities broker/dealers, and design and consulting firms. We have worked with individual clients in these and other areas from the initial questions of what form of entity is most appropriate all the way to strategic agreements developing the business and, in some cases, through initial public offerings of securities.

Akabas & Sproule has found that this sort of representation involves skills and thinking beyond purely legal issues and has often led us to apply our wide experience in start-up businesses in a way that enables us to tailor our legal advice and services to practical business concerns

In certain situations, Akabas & Sproule has taken an equity interest in start-up and development stage businesses so that we can understand and appreciate our clients’ point of view.

For more information, contact: Seth Akabas, or Michael H. Sproule

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Start-Up Ventures Deals

NOODLE EDUCATION, INC.
Corporate Organization

Initial Financing

$2,000,000

December 2010

The undersigned acted as counsel to Noodle Education, Inc.
TRIPAK INDUSTRIAL USA LLC
(Manufacturer of plastic take-out food containers) Company Organization Initial Financing

$2,000,000

August 2007

The undersigned acted as counsel to Tripak Industrial USA LLC
STANLEY BROTHERS USA HOLDINGS, INC.
(Holding company for developers, manufacturers and distributors of cannabis products)

Corporate Organization
Seed Convertible-Debt Financing $7,500,000

March 2019

The undersigned acted as counsel to Stanley Brothers USA Holdings, Inc.
WELLE NORTH AMERICA INC.
(Manufacturer and distributor of premium wholefood supplements for wellbeing co-founded by Elle Macpherson)

Organization of U.S. Entity and
Lease of Initial Retail Facility

March 2018

The undersigned acted as counsel to Welle North America Inc.
INFLECTION POINT INTELLIGENCE LLC
(Provider of hedge-fund educational services)
Organization & Start-up

January 2018

The undersigned acted as counsel to Inflection Point Intelligence LLC.
RECOM TRADING LLC
(Re-seller on Amazon)
Organization
Initial Debt Financing

$1,075,000

December 2017

The undersigned acted as counsel to RECOM Trading LLC.
BAROQUE USA LIMITED
“MOUSSY” Brand
(Manufacturer and distributor of apparel based in Japan)
Organization of U.S. Entity and
Lease of Initial Retail Facility

April 2016

The undersigned acted as counsel to Baroque USA Limited.
ACNE CORP d/b/a Acne Studios
“ACNE” Brand
(Manufacturer and distributor of apparel based in Sweden) Organization of U.S. Entity and
Lease of Initial Retail Facility

May 2011

The undersigned acted as counsel to Acne Corp.
INFOLYTX, INC. ODYSSEUS GLOBAL, LLC
(Software Developer)

Organization of Operating Entity and Minority Owner and Joint Venture with Advanced Chemical Industries (ACI) Limited, a Bangladesh public company

February 2015

The undersigned acted as counsel to Infolytx.
CMC BERKSHIRES LLC
(Residential substance abuse counseling facility)
Start-up Venture

May 2013

The undersigned acted as counsel to CMC.
PYPESTREAM INC.
(Secure AI Messaging)
Start-up Venture

April 2015

The undersigned acted as counsel to Pypestream.
THE LIQUID THETA FUND LLC
Hedge Fund Venture

March 2023

The undersigned acted as counsel to the Fund.
REALCONNEX INC. n/k/a CRESCENDOM
(Online real estate marketplace)

Start-up Venture

December 2021

The undersigned acted as counsel to Crescendom.
SUGAR, BUTTER, CHOCOLATE
(Desert catering and baker)
Start-up Venture

June 2020

The undersigned acted as counsel to the SBC.
TORUS CAPITAL LLC
(Torus is a registered securities broker/dealer with approximately 25 traders trading in the firm’s capital)
Organization, Capitalization and Broker/Dealer Registration

March 16, 2004

The undersigned acted as counsel to the issuer, Torus.
SCIENTIA MEDMEDIA LLC
(Scientia produces under contract with Merke & Co., Inc. and other drug manufacturers multi-media presentations for doctors regarding the use of prescription drugs)
Organization and Capitalization

January 22, 2004

The undersigned acted as counsel to Scientia.
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