4 Legal Mistakes Made by Startups

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4 Legal Mistakes Made by Startups
Choosing the incorrect business structure Not
thinking ahead and creating a business
plan Taking appropriate action for intellectual
property protection Failing to research state
and national legal obligations
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Choosing the Incorrect Business Structure
Dont make the mistake of choosing the wrong kind
of business structure - this is vital for your
cost, flexibility and tax If you only consider
your short term goals you risk missing being able
to transition into being a bigger business easily
when you grow and expand
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Not thinking Ahead and Creating a Business Plan
Develop the right kind of business plan for your
partnership or company structure ahead of time
and be sure youre prepared for
anything Identify the percentage of the company
owned by each partner
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Taking Appropriate Action for Intellectual
Property Protection
Consider a trademark application if you need to
for protecting your intellectual
property Before developing or marketing a
product you need to make sure youre not
impinging on anyone elses products
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Failing to Research State and National Legal
Obligations
You might need to hold a permit or particular
license for your product in order to operate
safely Speak to a business lawyer if you are
unsure
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Contact Us
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interested after youre gone. Find out more from
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