Consulting with a startup lawyer in the early stages of your business is crucial, especially if you want to protect your business from legal issues. Start-up lawyers bring not only their legal experience, but also their business experience and creativity by working with many companies. You can be sure that your business is in good hands. From incorporation to investment trading, startups have legal needs necessary for the success of their business. For example, startups find that they can deal with state-established institutions, whether to issue licenses or pay taxes. Kerbis` practice includes limited commercial and real estate transactions, estate planning and litigation consulting. Mathew has negotiated contracts with multinational franchises and worked together to help hundreds of clients meet their transaction, civil litigation and appeals needs. Throughout his tenure as head of the American Bar Association, Mathew advocated for legal education reform, interviewed ABA presidents and justices from Appellate State and the Supreme Court, and advocated for Congress on behalf of the legal profession. As a law student, Mathew served as an outsider to Honorable Justice Robert E. Gordon of the Illinois Court of Appeals, First District.
Starting a business is a difficult task, even without any hidden details in sight and usually overlooked by business owners. Most entrepreneurs focus on developing their product or service, marketing their business, and managing their tight budget to the point that they forget about the legal issues involved in running a business. Forgetting or neglecting your legal obligations can lead to your business going bankrupt before you even realize something is wrong. It is very common for startups that projects must be completed before they have even begun. The lack of communication on “unpleasant” topics leads to disputes and misunderstandings between founders from the early stages of their projects. Be the right owner of your IP. You want your company to be the rightful owner of the intellectual property that is protected from potential claims by the author/inventor. Therefore, you should have the appropriate documentation proving that the company is the sole owner of the intellectual property, regardless of whether the intellectual property was created by its employees, executives or independent individuals or companies. You should contact legal services to inquire about the best financing options for your start-up and have all financing documents prepared and approved by a competent lawyer. This includes a term sheet, shareholder agreement, subscription agreement, share purchase agreement, non-disclosure agreement, etc.
Most startups start their business journey as a sole proprietorship that requires no additional fees or paperwork other than a standard business license. However, the individual farm has its drawbacks. For example, there can only be one owner. Plus, you can`t attract additional capital from an investor – instead, you`ll need to change the structure of your business to form a partnership. Katarina Mihalikova is Managing Partner at Majerník & Miháliková, a law firm based in Bratislava, Slovakia, where she advises startups, founders, investors and venture capital firms. She is a recognized member of the Slovak startup community and regularly mentors founders. The laws that apply to start-ups differ depending on the specifics of the situation, and even businessmen who decide to go it alone have the opportunity to protect themselves from personal liability for the company`s debts. Obligations.
For this and other important reasons, you`ll likely need a lawyer for your startup. A start-up lawyer will help your business anticipate legal issues and will also advise you on how to successfully avoid them. It`s a lawyer`s role to make sure your business is protected from the get-go. It analyzes your business, proposes preventive solutions and manages business risks. This is usually done by identifying important agreements that are particularly needed at the beginning and advising them. Another decision that needs to be made as part of the incorporation process is where you want to start your business. For most businesses, the correct answer is North Carolina (or the state where you do business). However, for some companies, especially those who expect to need to raise funding from venture capital firms later, Delaware is usually the right choice. While education with the state is a fairly straightforward process, it`s important to make sure you`re doing it right and that your name is available and protectable.
After all, running a business without forming a legal entity with the state means that the owners are personally responsible for anything that goes wrong with the business. And since limited liability is one of the main benefits of owning a business, it`s important to make sure it`s formed before your business starts operating. Whether you`re hiring employees or independent contractors, it`s important to have a contract that sets out the details of the relationship with your business. The details of work obligations, compensation and benefits, as well as the reasons for termination, are just some of the important contractual terms that should be set out in these contracts. A significant misconception among business owners is that they can choose to hire employees or independent contractors, but like many rules set by the IRS, it`s not that simple. The IRS has a complex test for determining whether a worker qualifies as an independent contractor. This is important because incorrect classification can lead to difficulties from a tax, financial and legal point of view. These are some of the most important legal services that almost every startup needs, but there can be a lot more, depending on the type of business you own. The fact is, these services are essential if you want your business to be legally protected and not run into legal problems later. 15 years of legal experience; Expertise in contracts, health, ERISA, doctors, financial services, commercial contracts, employment contracts, etc.
I know all contracts well and can provide you with efficient and high quality services.