Starting a Business? Read this First!

Choosing the legal structure for your business is important. There are different types of legal formations to choose from, so you must educate yourself on the pros and cons of each. To learn more about the types of legal structures, please read our blog titled “Selecting the “Right” Legal Entity for Your Start-Up.” Let one of our business lawyers help you understand your options and ensure that you select the legal structure that is most advantageous for your company.

One common mistake many new business owners make is relying on verbal promises and failing to obtain their agreements in writing. Having written contracts is the best way to safeguard your interests. It is important to understand that a new business owner not only needs written contracts with customers, clients and vendors, but also with the founders of the business. This type of agreement should set forth each owner’s percentage of ownership and how daily business decisions will be made.

Intellectual property can include anything from your business name, to its logo, to the services it provides or the products it sells. It is particularly important for a business owner to be proactive in legally protecting their intellectual property. This means obtaining the proper patent, trademark or copyright protections as well as requiring your employees to sign a non-disclosure agreement.

Contact us today to schedule your initial consultation. The attorneys at The Swenson Law Firm provide a variety of business law services to entities of all sizes.

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