{"id":31014,"date":"2022-04-21T07:23:40","date_gmt":"2022-04-21T07:23:40","guid":{"rendered":"https:\/\/makemoneyinlife.com\/?p=31014"},"modified":"2022-04-21T07:23:40","modified_gmt":"2022-04-21T07:23:40","slug":"legal-tips-for-startups","status":"publish","type":"post","link":"https:\/\/makemoneyinlife.com\/legal-tips-for-startups","title":{"rendered":"Legal Tips For Startups"},"content":{"rendered":"

You may be on the verge of adding your own startup to the more than<\/span> 32 million small businesses representing 99.9%<\/span><\/a> of all firms in the United States. The excitement of starting your own business with the expectation of watching it grow and prosper can quickly turn into disappointment and failure if you overlook the need to make your business legally compliant.<\/span><\/p>\n

Until a business begins generating an income, entrepreneurs launching new startups must make difficult decisions about how to allocate their limited capital. Trying to save money by delaying the hiring of a<\/span> business law attorney<\/span><\/a> until their business is up and running is a common mistake made by startup owners that may prove fatal to a new venture.<\/span><\/p>\n

To help you make wise choices for your newly started business, here are a few legal tips to keep it and you on the right side of the law.<\/span><\/p>\n

Consult a business law attorney early in the startup process<\/span><\/h2>\n

Something as basic as choosing a name for a business has the potential to create serious legal consequences that may prove to be quite costly to resolve. A name, logo or slogan that infringes on one already in use by another company may trigger lawsuits and claims of trademark or copyright infringement that can be difficult and costly to defend.<\/span><\/p>\n

Consulting an attorney whose practice focuses on business law early in the startup process may avoid violating the legal rights of other businesses. For instance, a search conducted by your attorney can reveal whether the name of your startup violates a competitor’s trademark or violates state or local laws restricting the use of certain words, such as “bank” or “insurance.”<\/span><\/p>\n

Choose the right business structure<\/span>\u00a0<\/span><\/p>\n

You have choices about the structure of your business, including:<\/span><\/p>\n