A client of Miami Law’s new Larry HoffmanIGreenberg Traurig Startup Practicum has raised $1M in angel financing. The client, Taxfyle, is an on-demand tax preparation service that instantly connects customers with an army of licensed CPAs that work around the clock to deliver certified tax filing, supported by a live, encrypted chat, unlike expensive "do it yourself" software like TurboTax.
Through the practicum – which just launched in January – students help clients like Taxfyle with organizing, financing, talent, intellectual property, risk, regulation, and other legal issues that arise for entrepreneurs as they launch their new businesses and organizations.
“It is wonderful that Miami Law has created a program through which its law students can help area startups like Taxfyle with their legal needs," said Taxfyle co-founder and COO Michael Mouriz, J.D. ‘12. “Even though Taxfyle just raised a substantial amount of angel financing, we still must limit how much we spend on lawyers, and Miami Law’s help is the only way we have been able to get certain of our legal needs addressed.”
Professor Daniel B. Ravicher directs the practicum program. He has represented both startup companies and investors since the 1990s dotcom boom. He is also a registered patent attorney, who has prosecuted, licensed and litigated patents and other intellectual property, including software copyrights. Ravicher has also been an entrepreneur himself, founding businesses in various industries.
“Getting real world experience working with startups while still in law school is a great opportunity for me,” said third-year Miami Law student Todd Green who has been working with Taxfyle through his enrollment in the practicum. “There is just no substitute for the learning that comes from dealing with all of the various legal needs entrepreneurs have hands on.”