Remove Document Remove Employee Remove Intellectual Property Remove Operations
article thumbnail

Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

You must abide by your operating agreement. For startups established as an LLC, the operating agreement is the original blueprint that specifies how the company will be run and which members (partners) hold which responsibilities, among other concerns such as profit-sharing. Protect your intellectual property.

article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . A small business is an independently owned and operated entity that engages in commercial activity and fulfills the set industry-specific size standards. Decide on the proper business structure.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Intellectual Property for Startups in the Real World

Gust

Last month we covered the basics of intellectual property (IP) for startups, including a simple taxonomy, some common issues and related documents for entrepreneurs to use when forming a new startup. It’s often possible to “ design around ” a patent to operate a business that achieves similar results in different ways.)

article thumbnail

How To Sell Your Business For Maximum Profit And Why It’s Best To Sell When Business Is Thriving

YoungUpstarts

They want to see that a business is operating on all six cylinders. People refers to the management and employees that are currently employed by the business. People refers to the management and employees that are currently employed by the business. Does it have a niche or intellectual property?

article thumbnail

The Five Most Common Legal Mistakes New Companies Make

YoungUpstarts

Entrepreneurs find legal documents online or share documents with their friends. Okay, I know – it’s tempting to use free legal documents. But legal documents aren’t one-size fits all, and many of these documents are not going to be tailored enough for your business. Here are five to watch out for: 1.

article thumbnail

12 Tips for Avoiding Litigation As a Startup

Women Entrepreneurs Can

Legal action towards your startup can delay your operation or even lead your company to discontinue entirely. At the beginning of the venture, you must see to it that you have prepared the documents that lay out the arrangements between founders, investors, and shareholders. Legally Secure Your Intellectual Property Position.

article thumbnail

Preparing For An Acquisition

YoungUpstarts

Documentation such as invoices, bank statements, payroll information and other records should be well organized and easy to obtain. Having audited financial statements will provide your buyer with a trustworthy source of your financials and operations. Go over all your documents to uncover any mistakes or breaches.