Ian Carleton Schaefer, Michelle Capezza Quoted in “Employment Law Risks Abound for Startup Companies”Corporate Counsel February 12, 2015
Ian Carleton Schaefer, a Member of the Firm in the Labor and Employment practice, and Michelle Capezza, a Member of Epstein Becker Green in the Employee Benefits and Health Care and Life Sciences practices, in the firm’s New York office, were quoted in Corporate Counsel, in “Employment Law Risks Abound for Startup Companies,” by Rebekah Mintzer. Together, the pair co-leads the Technology, Media, and Telecommunications ("TMT") strategic industry group at Epstein Becker Green. (Read the full version — subscription required.)
Following is an excerpt:
“We think they should be focused on it from day one,” Ian Carleton Schaefer, a member in Epstein Becker & Green’s labor and employment practice and co-leader of the firm’s technology, media and telecommunications strategic industry group, told CorpCounsel.com. “Oftentimes it takes a triggering event, whether it’s a lawsuit or a government audit to get them focused—and we think that’s a little late.”
The risks of putting employment law considerations off until later or ignoring them entirely are very real. The last thing a startup fighting to survive and thrive wants to deal with is a lawsuit. No matter how great the organization, a black mark of litigation or noncompliance can hurt its reputation and chances to secure more investment. “Getting it wrong can cripple an otherwise brilliant idea and a very sound business plan,” said Schaefer. …
Those trying to hire more employees for a startup have to think about employee benefit issues, including the Affordable Care Act. “We have a whole new legal scheme with the ACA,” Michelle Capezza, a member of Epstein Becker in the employee benefits and health care and life sciences practices, as well as co-leader of the firm’s technology, media and telecommunications strategic industry group, told CorpCounsel.com.