Legal Aspects of Entrepreneurship

Course Date:
29 Jun to 13 Jul 2019

Registration Period:
21 Mar to 14 Jun 2019

Duration:
12 hours / 3 days

Time:
9am to 1pm (Saturday)

Mode of Training:
Classroom

Venue:
Singapore Polytechnic


Course Introduction

There is growing interest in entrepreneurship/ entrepreneurial thinking in Singapore with increased encouragement from the government, proliferation of start-ups and increase in venture capital (VC) funding. Various entrepreneurs however face many challenges as they pursue a new business idea. Such entrepreneurs would find it useful to better understand how to work within the legal frameworks in Singapore in order to grow their ventures successfully whilst taking steps that provide legal protection and avoid future liability.

The goal of this course is to develop an understanding of legal concepts or framework that would help decision making when an entrepreneur conceives, starts to build and obtains financing from angel investors and VCs.


Course Objective

This course will trace the legal issues likely to present themselves in the lifecycle of a typical technology company from inception/incorporation through acquisition (the typical liquidity event). Throughout the course, students will work on a simulated transaction to gain experience in managing their start-up’s legal needs. Students can be evaluated on the basis of their simulated or hypothetical transaction and also a test at the end of the course.

By the end of the course, learners will be able to:

  • identify the specific legal issue that an entrepreneur needs to understand or address at various stages of a technology venture development or any business
  • Articulate legal issues for setting up and running a new venture
  • Develop a legal and commercial strategy for a new venture

Course Outline

a) Incorporation stage:

i) Choosing and forming an entity
ii) Licenses/ Permits/ Details on shares/ Directors’ duties
iii) Employment Terms (non-compete, independent worker vs employee, employment in Singapore)
iv) Agreements among owners i.e. founders’ agreement/ shareholders’ agreement
v) Start of hypothetical assessment

b) Operations stage:

i) ESOP for employees
ii) Basics of Intellectual Property (Copyright, Patent, Trademarks) and seeking IP protection
iii) Non-disclosure agreement
iv) Essentials of Contracts and Agreements (effect of clauses)

c) Financing a new venture:

i) Overview of Venture Capital
ii) Fund-raising stages and investment documentation
iii) Due Diligence
iv) Investment Term sheets

d) Exits - M&A/ Closing

i) Sale of Assets/ Shares – structuring a M&A transaction for growth or exit
ii) Forms of Closure i.e. winding-up/ de-registration
iii) Final comments
iv) Final assessment and submission of hypothetical scenario (i.e. online quiz, essay etc.


Suitable for

Entrepreneurs/ Students/ Intrapreneurs/ Co-founders/ employees etc.


Minimum Entry Requirements / Assumed Skills and Knowledge

GCE O Levels (Pass in English and Mathematics)


Award / Certification / Accreditation

• Certificate of Performance
A Certificate of Performance will be awarded to participants who pass the examination and meet at least 75% attendance rate

Course Fees payable:

Singapore Citizens aged below 40 and Singapore PRsSingapore CitizensOthers
Non-SME sponsored1Sponsored by SME2Aged 40 and above3Aged 35 and above, and earn ≤ $2,000 per month
$160.50
(incl. GST)
$60.50
(incl. GST)
$60.50
(incl. GST)
$35.50
(incl. GST)
$535
(incl. GST)

Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.
1 Under the Enhanced Training Support for Small & Medium Enterprises (SMEs) Scheme. For more information, click here
2 Under the SkillsFuture Mid-career Enhanced Subsidy. For more information, visit the SkillsFuture website here.
3 Under the Workfare Training Support (WTS) scheme. For more information on the scheme, click here.


Funding Incentives

1. SkillsFuture Singapore (SSG) Approved

Singaporeans and Singapore PRs are eligible for 70% course fee funding for registration with effect from 28 October 2017. This funding is applicable to both individual and company-sponsored participants. Participants are required to achieve at least 75% attendance and/or sit and pass any prescribed examinations/assessments or submit any course/project work (if any) under the course requirement.

Singaporeans aged 40 years and above will enjoy a 90% subsidy of course fee.

Funding Validity Period: Till 31 December 2020

2. SkillsFuture Credit** (SFC)

With effect from January 2016, Singaporeans aged 25 years and above who received their SkillsFuture Credit account activation letter will be eligible for an initial credit of $500 which can be used to pay for course fees for a range of eligible skills-related courses. The credits can be used on top of existing course fee subsidies/funding.

This is only applicable for self-sponsored applicants. Application via SkillsFuture Portal can only be made starting from 60 days before the course commencement date.


Withdrawal and Deferment

Withdrawal and deferment notice must be made in writing to the Professional & Adult Continuing Education (PACE) Academy, Singapore Polytechnic via email accordingly:

Online Courses - elearning@sp.edu.sg
All other Courses - pace@sp.edu.sg
For withdrawal cases, the portion of course fee to be refunded is based on the date of notice as follows:

Classroom

  • 2 weeks before the commencement of the course - Full refund
  • Less than 2 weeks before commencement of the course - 70% refund
  • On or after date of commencement - No refund

E-Learning
There will be no refund or transfer of course once the account has been created.

The Singapore Polytechnic reserves the right to cancel or postpone any of the courses. Applicants will be duly notified and where applicable, the full fees will be refunded.

The Singapore Polytechnic also reserves the right to amend the fees charged or the period and duration of the courses.

The data provided to Singapore Polytechnic will be kept strictly confidential and will be used for the purpose of course administration. The data may be passed on to the relevant organisations that require the information related to the course.

Register Here
Eligible for SkillsFuture Credit

Terms and Conditions

Application Procedure

1. All applications must be made via Online Registration at www.pace.sp.edu.sg
Course fees can be paid by the following payment modes:

a) Credit Cards, Internet Banking, NETS (Not Applicable for company sponsored)
For e-payment using Visa/Master cards and Internet Banking, please click on the ‘Make e-Payment’ button on the acknowledgement page to proceed.

b) For NETS payment, you can pay at:
Singapore Polytechnic
PACE Academy

c) Cheques
Please make cheques payable to “Singapore Polytechnic”. Please cross the cheque and write the Registration Reference ID, Applicant Name and NRIC/FIN number on the back of the cheque. Mail the cheque here.

Please note that an administrative charge of $15 will be imposed for any returned cheques from the bank or financial institution.

2. All successful applicants will be notified with a letter of confirmation via email.

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