Many people dream of starting their own business, but so few of those who try are actually successful in the long run. The competition in the small business market is at an all-time high, especially in the tech industry, and if you are considering putting your plans into motion, it’s critical that you don’t attempt it on your own. In order to launch a viable enterprise, there are a lot of puzzle pieces that must be in place, from venture capital to intellectual property protection, and only an experienced startup attorney can give you the advice you need to succeed.
There is a lot that goes into launching a new business in California, and here are a few reasons why you should bring an attorney on board.
- Business structure formation
New businesses can choose from a whole menu of options for their structure and organization, and these choices can be confusing. A lawyer can walk you through each type of filing, from LLCs to corporations, and ensure that you pick the right one for your needs.
- Solid financial incentives
When you are trying to raise investment capital for your business, it’s important to show your investors that you mean business. Having the right paperwork in order can lock down your funding and outline the exact rights and responsibilities for your shareholders and lenders.
- Protection for your work
In today’s hyper-connected digital world, it’s not uncommon for ideas and designs to spread quickly. When you have worked hard on your proprietary technology, you don’t want people being able to steal or profit off of it. A startup attorney can file legal protections for your intellectual property, keeping it safe and profitable for you.
- Strategic advice
Too often, new companies rush ahead and burn out before the real payoff arrives, or fail to have a long-term strategy in place. With the counsel of a lawyer, you can outline a reasonable timeline to grow your business and expand your brand, so you can look forward to steady, sustainable profit.
- Contract drafting
The backbone of any good business is in the paperwork, and an attorney can create customized contracts and documents that protect your interests. Things like corporate governance policies, employment contracts, and vendor agreements will be clear, concise, and legally enforceable.
Ready to talk to our team about launching your new startup? Get in touch with our office today for a free consultation.