RSS SyndicationIt seems like everyone is in the tech start-up industry at the moment. With technology such a big part of today’s society, it’s not a bad place to be. However, creating a start-up isn’t always as easy as some people make it out to be.
It can be hugely beneficial for tech start-ups to get the help of an attorney from the very beginning. An attorney can help these businesses minimize legal risks and costs as they move through the process. Attorneys can assist start-ups with:
- Formation
When forming a business, it is important to establish the right business structure whether that be an LLC, S-Corp, C-Corp, etc. InnovaCounsel attorneys are familiar with the paperwork regarding business formations, and can help guide start-ups to choose the right structure for their business type and strategic objectives.
- Intellectual Property
Tech start-ups are likely to have some intellectual property. It is important to start protecting the company’s intellectual property right from the start by filing the correct paperwork for patents, copyrights, and trademarks. It is also important to identify other items considered unique and valuable to the company for possible protection as trade secrets.
- Contracts
Most companies have contracts tailored to their business created for different situations. An attorney can help create business contracts to help protect the start-up with employment processes, independent contractors and more.
- Policies
Since many tech start-ups deal with apps, websites, and other online applications, they will need privacy policies and terms of agreement. These often overlooked or minimized topics, are very important because they deal with valuable personal and payment data.
- Fundraising
Start-ups frequently need the assistance of investors to get off the ground. It is essential for entrepreneurs to know what they can and can’t say to potential investors. Attorneys can prepare documents and negotiate agreements on behalf of the company. They have the knowledge and experience to offer valuable insights to the entrepreneur.
For those creating a tech start-up, contact InnovaCounsel to find an attorney to help with the process. They can advise and assist with issues that arise with a business start-up.