Remove Finance Remove Intellectual Property Remove Naming Remove Operations
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. Register your business name.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

These 8 Disciplines Define A Fundable Entrepreneur

Startup Professionals Musings

The name and the type have to fit, or expensive rework will be required later. If your strength is technology, find a co-founder who has a comparable strength in business, finance or marketing. Register some intellectual property to provide a barrier to entry.

article thumbnail

7 Concepts To Keep In Mind When Running Any Business

Startup Professionals Musings

I also found a wealth of books are available to address the basic facts of business life, like the classic by Bill McBean, aptly named “ The Facts of Business Life ,” based on his forty years running large and small businesses. Bill does a great job of outlining the key realities as follows: If you don’t lead, no one will follow.

article thumbnail

The Legal Side of Entrepreneurship

YoungUpstarts

This article highlights their advice on issues ranging from financing to patent trolls: While startups may believe lawyers are too costly, working with one early on avoids potentially serious problems later. ” The Cost of Financing. In a Series A financing, companies must pay the investors’ lawyers as well as their own.

article thumbnail

From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

Optimising Your Operations Efficiency is the name of the game when it comes to operations. Whether it’s managing your supply chain or automating customer service, look for ways to optimise every aspect of your operations. The choices you make here will have a lasting impact on your venture’s financial health.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

Your executive summary will include the following sections: Who you are: Your business name, location, and contact information. . With the rise of new cannabis companies, it is important to differentiate your cannabis company from the competition, whether you are opening a farm, extraction operation, or dispensary. Operations.