• October 2018
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Do startup companies need lawyers?

Execution is all that matters for startups. Ideas are important. But, if a business cannot execute on the idea, the thought is not worth that much. A business owner’s dreams can become a nightmare if he or she fails to acknowledge that legal realities can make or break their new business. You can choose to look at legal issues as a burdensome cost of doing business or you can look at the law as a tool that can be leveraged to further your goals. Startup owners who chose not to procure legal representation often make several legal mistakes.Owners, for instance, may:

· Select a non-ideal business structure

· Forget to draft standard contracts and nondisclosure agreements

· Unknowingly violate federal and state trademark, copyright, and securities regulations and

· Be unprepared to handle situations in which an equity partner leaves the business.

These issues are just as, if not more important than, raising capital and hiring the right associates. Starting a business is like building a house, if your venture is not sitting on a sound foundation from the beginning, that initial error may hamper your business’ growth in the long run – leading to noticeable anomalies:

Need assistance? LawTrades provides free initial consultation, affordable, transparent flat-fee pricing, flexible payment options, and start to finish project management. We’ve helped over 1000 startups and entrepreneurs.

Legal is hard. Let’s tackle it together.

Speak to one of our Legal Pros and discover how we can help.

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