Picture this: You’ve come up with a plan to launch your dream business. You might have the name selected, ideas in place, and big future goals – and that’s great! BUT there is more that goes into starting your business than you might think, especially when it comes to the law.
Starting your business without ensuring you have a solid legal foundation can be very risky and could result in you paying huge fines (or worse) in the future. Don’t let it happen to you!
As an award-winning social media attorney, Ethan Wall and his team have helped many business owners successfully launch their business legally, and we’re here to help you too. In this article, we’ll break down three important parts of building the legal foundation for your business so you can feel empowered and prepared for the future of your business.
One of the biggest mistakes that startups, small businesses, and entrepreneurs can make is not creating a company from the beginning. If you don’t have one and something goes wrong, people can come after you and your personal assets, like your car or your house, so you must start any new business by creating a company.
Wondering whether to set up an LLC or Corporation? Or how to structure your company correctly? Consulting with a startup attorney is a great place to start. There are also many online tips and videos to help you understand the process and make informed decisions.
Have you fallen in love with the name of your business without clearing it with the trademark search first? That’s a mistake!
Many startups fall in love with the name of their brand or business without making sure the name is safe by clearing it with a trademark process. This could result in a cease-and-desist letter or a trademark infringement lawsuit later. So, don’t make that mistake and clear your name first before you fall in love.
To find out whether your business name is safe, you should contact a seasoned trademark lawyer who can provide you with a reliable legal opinion. Or, check out this video to learn how to run a trademark clearance search: Watch the Video
Wondering whether your startup needs to have its contract from the very beginning? The answer is likely yes.
Oftentimes, startups save money in the beginning by not having a contract done. They do a handshake deal and hope it all works out. Well, guess what? It usually doesn’t, and you don’t really have a remedy without a contract.
Whether it’s a contract with your customers, suppliers, or content creators, it’s great to have one from day one – and you can always change it later.
Whether you are newly starting your business or have been in business for years without setting the right legal foundation, we’re here to help. Consulting with a start up attorney – especially one who was a startup themselves (like us at The Social Media Law Firm) – will save you the stress of wondering if things are done right.
If you believe your startup or small business would benefit from a startup lawyer on retainer, we stand ready to serve you. We invite you to schedule a complimentary telephone consultation to learn more about your business. We’re ready to field your questions, and provide you with a plan to improve your legal protection.
For more legal tips and helpful information for your startup or small business, give us a follow on Instagram and check out our YouTube channel.
