From a legal standpoint, there are a number of things that you should get in place in order to have a successful online business. For a total breakdown, check out:
A general idea of what you should get in place includes:
- Decide direction of intellectual property
- Create a founders agreement
- Decide funding (convertible note vs. equity round)
Each of these steps require some planning and “bigger picture” thinking. There are many decisions that will impact the overall success of your business. It can feel overwhelming, so you should rely on the help of a professional attorney.
helps businesses just like yours get their ducks in a row. Check us out and let us know if we can help!