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Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

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. Be able to prove due diligence whenever you can. You must abide by your operating agreement.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. Still, you can use accounting software or work with a tax professional. Intellectual property (IP) is anything created by the human intellect that’s protected by the law from unauthorized use by other people.

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Intellectual Property 101

Up and Running

If someone asked whether or not your business has Intellectual Property (IP) and your answer is “I do not know” or “I doubt it,” you are not alone. It is difficult to be in a business situation completely devoid of IP worth identifying and protecting. IP is a not just a legal issue.

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The 5 Biggest Legal Mistakes That Startups Make

Scott Edward Walker

Mistake #2 : not buttoning-down IP ownership issues (at 10:20). Mistake #5 : not doing your due diligence on potential investors (at 38:36). not an LLC or a partnership; the world of startups is the world of corporations. Mistake #2: Not Buttoning-Down IP Ownership Issues. doing this for 18+ years.

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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?

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How to Scale a Venture Capital (or Private Equity) Fund

David Teten

– Templatize the entrepreneurial process , by providing checklists, standardized agreements and other reusable code. The firm attracts deal flow by promising a decision (positive or negative) in under 2 weeks, with minimal paperwork and without repeating due diligence. Previously posted on PEHub.

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26 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

Geiger, Twelve31 Media, LLC ! #3- Several “experts” in marketing and advertising, and IP lawyers, tried to talk me into changing it. In 2010, I started building a software that analyzed why websites ranked highly on Google’s SERP. Thanks to Link Moser, Windhill Design LLC ! #26- Thanks to Margaret H.

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