Entrepreneurial Legal Issues

By: A Staff Writer

Updated on: Jul 19, 2024

Dot Your I’s, Cross Your T’s

Legal missteps can sink a startup fast. Know the red flags to avoid.

• Choice of Entity: Sole proprietor, LLC, etc., has implications for taxes and liability.
• Protect Your IP: Trademarks, patents, copyrights… secure your unique innovations early.
• Contracts are Key: Solid agreements with partners, vendors, and clients prevent costly disputes.
• Employment Law 101: Know the rules on hiring, firing, and labor regulations specific to your area.
• Regulatory Compliance: Every industry has its own rules; stay informed and up-to-date.
• When to Lawyer Up: Don’t DIY complex issues… invest in expert guidance early on.

Proactive legal planning saves you money, headaches, and maybe even your business.