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How to Safeguard Your Assets from Creditors or Lawsuits

by / ⠀Entrepreneurship Startup Advice / November 3, 2021

If you’re looking to safeguard your assets from creditors or lawsuits, there are many different legal vehicles that could prove beneficial. “There’s definitely more than one method to shave a cat and there are many various tools being employed to safeguard the assets of a person,” states Blake Harris, an attorney from Florida with a specialization in asset protection. Options for protecting assets include: trusts for asset protection…

A Guide to Contemporary Legal Issues for Startups

by / ⠀Entrepreneurship Personal Finance / November 1, 2021

Once you have your business strategy, make sure your startup is legally secure. Are you taking the right legal steps to avoid trouble? Begin to incorporate your company. Think about these ideas when you begin your startup venture and, if you’re in need of legal assistance, remember that there are apps to assist you to find a lawyer in your area and at a lower cost. There are…

A Startup Company’s Guide to Avoiding Common Legal Mistakes

by / ⠀Career Advice Startup Advice / October 19, 2021

Starting a new business is exhilarating. It can also be filled with several common startup legal mistakes. From the outset, there are three critical items to attend to. Each of them feels like revisiting the old chicken-and-the-egg problem. Which should come first? Forming a legal structure. Fundraising, including the amount, the instrument, the terms, and (of course) finding the investor. Putting a financial function in place to watch…

7 Ways to Avoid Legal Mistakes Commonly Made by Entrepreneurs

by / ⠀Blog Entrepreneurship / March 19, 2015

Even if you have an amazing and brilliant business idea, and even if you have solid financial backing, a small legal mistake can sink your entrepreneurial ambitions and dreams quickly and permanently. As all entrepreneurs learn, many times the hard way, the devil is in the details, and launching and building a business is filled with small but complex legal details. There is a wide range of business…

Making Contracts Work For You

by / ⠀Entrepreneurship / February 18, 2014

Don’t be intimidated by contracts. Conquer them instead. Handled correctly, your business’s contracts can be a great asset in protecting you in your dealings with vendors, customers and employees. Here are some of the basics. When You Should Have a Contract Certain transactions, such as the sale of real property or agreements with a term of more than one year, are required by law to be put in…

Is Your Startup Lawyered Up? The First Legal Steps for New Businesses

by / ⠀Entrepreneurship Startup Advice / January 21, 2014

  Starting a new business is not for the faint of heart.  Sure, thinking of a clever name and designing a logo is fun and exciting, but many of the other necessary steps are not such a barrel of laughs. Writing a mission statement and choosing cool desks will be a big waste of time if you don’t lay the proper legal and financial groundwork to make your…

New Year’s Resolutions for Developing a Strong Brand Presence in 2012

by / ⠀Startup Advice / January 5, 2012

New Year’s resolutions typically involve committing to something you couldn’t will yourself to do in the past. But, most entrepreneurs that I’ve met enjoy working to build a strong brand presence — brainstorming the perfect, simple yet highly-effective name, and working the pavement and social media to spread awareness and gain a loyal following. This article focuses on the legal side of branding. This behind-the-scenes grunt work makes…

Why You Need a Relationship with a Business Lawyer

by / ⠀Startup Advice / February 21, 2011

A recent article on Under30CEO.com provided a list of 5 essential independent contractors for small businesses and entrepreneurs to have at the ready to assist them in promoting and maximizing the value of their operations. While I agree completely with the catalog of service providers the author identified, when reading the article I couldn’t help but think to myself that (at least) one critical service provider was being…

Legal Round-up: The Laws Every Business Owner Must Know

by / ⠀Startup Advice / February 11, 2011

Legal filings and regulations may not be the most glamorous parts of your business, yet they’re critical to the success of your business and safety of your personal property. Here’s a quick rundown of the laws and regulations you need to consider for your business. Depending on your type of business, hiring a tax accountant and/or good attorney with specific experience in your industry can go a long…

Incorporation Tips: Understanding the C Corporation

by / ⠀Startup Advice / December 2, 2010

In my previous post, I reviewed the differences between the Limited Liability Company (LLC) and the S Corporation. There’s another popular business structure, the C Corporation (or C Corp). And understanding its components and the differences between a C and S Corporation is critical to making the right decision for your business structure. For a quick refresher, incorporating your business can convey some key benefits. Most importantly, it…

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