Many companies today are launched with multiple cofounders. While this is the best option for many start-ups, it also presents its own potential legal issues. One thing that you and your cofounders may not know is that the attorney you retain to represent the company does not also represent you or your cofounders’ personal best…
At least once a week, our office gets a call from someone asking us whether they should form a Limited Liability Company (LLC) or an S-Corporation (S-Corp). We always say that there is no “one size fits all” answer to this question. Both are “disregarded” entities to the IRS, meaning that any profits “flow through”…
Whether you are in the start-up phase or a more established business, it might be time to consider consulting with a skilled business attorney. An attorney can help you establish sound business agreements and best practices that can protect you and your assets for years to come.
Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. ~Mark Twain If you are finally ready to take the plunge and start that new business you’ve been dreaming about, congratulations! Embracing the world of entrepreneurship can be liberating, exciting and daunting…
In the early days of your business, you likely filed your company as a sole proprietorship or LLC. While that status might have been ideal during the start-up phase, your business entity status might not make sense for your emerging business as it grows and changes.
If your product idea has been rolling around in your brain for awhile, you probably know it well enough that it has become real to you. At some point, however, you will need to be able to share your vision with others, and that’s where a prototype comes in.
If you are like many business owners I know, you launched your business because you are passionate about your field and the products and services you offer. You enjoy creating your own destiny as an entrepreneur, but with that comes some of the drier and duller duties of business operations.
As a new entrepreneur, funds are often limited, and it can be tempting to try a completely DIY approach to starting up. While there are resources online that promise quick legal solutions for start-ups, you can save yourself a lot of pain and suffering by consulting with a business attorney early in your company’s lifecycle.…
Congratulations, your emerging business is expanding and you’re ready to hire your first employees or add new ones to the team. Hiring staff is an exciting milestone. It means your business is growing and you are earning revenue. It can also be daunting, because employees bring a new level of responsibility to you as a…
We covered step one, protect your intellectual property, in a February blog post on common start-up mistakes. Now, it’s time to talk about some important decisions surrounding the people side of your emerging business. These choices have the power to impact your future returns, so it’s important to give them some serious consideration.