Small Business Startup Advice
Business is more than just financial when you start a business; there are some legal things that you should consider. So if you like our startup business articles, check out our legal articles as they could help you a lot.
First, you cannot just get into a fundraising campaign without even knowing what its legal implications are.
That’s why you need to find the right lawyer for you. After getting a lawyer, you should also know about the ways that you can attract potential directors and the importance of having them in your Board of Directors. Of course you should also learn how to negotiate with potential investors, and find out if he/she is qualified to become one.
On the other hand, if you are planning on start a partnership, you should know how to set up one and to take care of any problems that arise. You should also know about the common mistakes of a partnership and whether or not it’s a good idea to start a business with a friend.
Home-based businesses are in these days. However, there are also things you should know about when you plan to start one. For example, there are zoning laws that your business will be subject to that can limit your movements.
Moreover, getting into a business means you have to sign contracts. Be careful, and find out how you can make sure you won’t run into legal problems with your contracts. Other legal considerations when starting a business include:
- The type of corporate structure you should choose. Would you choose an LLC, an S-corporation or a C-corporation? What is the process of incorporating a company?
- The process of filing a patent to protect your proprietary processes
- Consumer laws designed to protect a customer
- Possible litigation that could arise when you leave a company and start a similar company
- Possible investor scams
Of course, there can be the time when you have to sell a business. You should also know how to smoothly close a sale of your business.
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