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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.

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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. Personal asset liability protection is not ironclad.

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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. Furthermore, solo inventors or creators generally wear all the hats and adopt the DIY mode of operation without consulting anyone. IP is a not just a legal issue.

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What Kind Of Company Should You Create?

YoungUpstarts

When you add in legal considerations such as assets, debt liability, and intellectual property (IP) protection it becomes clear that you have a lot to think about before making the choice that’s right for you. Limited Liability Company (LLC). Single-Member LLC. The Most Common Business Entity Forms. Sole Proprietorship.

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How to Work with Lawyers at a Startup

Both Sides of the Table

Shame about not getting it in legal writing that you owned the original IP. Founded it as a California LLC but your potential VC wants a Delaware C-Corp? Forget to get around to setting up that Employee Stock Option Plan and want to be able to give the early guys their options at a low strike price?

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

David Teten

I’ve listed them below in *very* roughly descending order of efficiency, measured by increased dollars one can put to work, divided by the operational dollars required to implement each strategy. . Sophisticated VC and private equity funds have a wide array of options for leveraging outside operating executives.

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28 Entrepreneurs Explain How They Came Up With Their Business Name

Hearpreneur

5- Reflecting on our services, personable nature of employees and some humor. Since founding my business in 1981 as a typing and editing service, I’ve operated under many names/websites. For this work, I operate under the name Going Beyond Sustainability. We put on 3 events, and no one new how to pronounce the event.

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