Remove Entrepreneur Remove IP Remove LLC Remove SEC
article thumbnail

What Can a Startup Lawyer Help With?

The Startup Magazine

Incorporating your business is needed in order to establish a legal separation between the individual entrepreneur(s) and the business itself to prevent personal liability for the business’s debts. Forms of business organizations include: Sole Proprietorship, Partnership, Limited Liability Corporation (LLC), or Corporation.

article thumbnail

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #2 : not buttoning-down IP ownership issues (at 10:20). By the way, my favorite part of the video is when an entrepreneur (and former lawyer) walks in late to the workshop and acknowledges that she made the first three mistakes (at 33:14). not an LLC or a partnership; the world of startups is the world of corporations.

article thumbnail

The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

i) Rule 506 preempts State law, which means all you have to do is file a Form D and pay a filing fee; and (ii) no disclosure requirement/PPM Possible to sell to “friends and family” (e.g., issues to address include: How have they treated their other portfolio companies? (i)