article thumbnail

Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

There will be plenty of it early and often during your entrepreneurial journey, but rather than look at it as a headache you should consider the many ways in which it will help protect you, your family, and the company as a whole. Personal asset liability protection is not ironclad. Be able to prove due diligence whenever you can.

article thumbnail

Business Prenup: What To Do Before You Start A Company With A Partner

YoungUpstarts

For example, an attorney can assist with issues concerning corporate formation (such as the pros and cons of corporations, limited liability companies and other structures) that may impact liability. A CPA provides input on tax structure and metrics, and assists with due diligence related to your industry.

Partner 208
Insiders

Sign Up for our Newsletter

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

article thumbnail

Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

One of the first actions you will take with your startup is to organize your company a separate legal entity to protect yourself from personal liability for the company’s debts. In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”).

LLC 100
article thumbnail

Intellectual Property 101

Up and Running

When fundraising, preparing for due diligence upon exit or acquisition, or hiring employees and contractors, it is critical to have both a complete IP inventory and a strategy to monetize and protect your IP. Simply put, properly identified and protected IP increases the financial value of your company.

article thumbnail

A Guide To Starting A Business In Los Angeles

YoungUpstarts

Conduct due diligence to ensure the name of the business isn’t in defilement of any kind of trademark or other intellectual property rights. The options are a sole proprietorship, a general partnership, a limited partnership, a limited liability company (LLC) and corporations (S, C and professional corporations).

article thumbnail

What should I include in an investor provisions summary?

Gust

Here are some thoughts that immediately come to mind: 1) The only types of US companies that have “Operating Agreements” are Limited Liability Companies (LLCs), and this structure is very difficult to use for (a) raising money, (b) issuing options, and (c) governance once things begin to get complicated.