What do I need to start an online business?

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: What are the core legal requirements for a online business?

A general idea of what you should get in place includes:

  • Formation
  • Privacy Policy and Terms of Service
  • 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.

LawTrades helps businesses just like yours get their ducks in a row. Check us out and let us know if we can help!