Early in their life cycles, startups are often strapped for cash, and you may think that you can take on the legal work yourself rather than hiring a lawyer for your start. An experienced startup attorney is a valuable asset to your business.
Selecting a corporate structure for your startup is one of the most difficult decisions a new business owner must make. Choosing a structure that does not meet your business goals can have long-lasting or unintended consequences.
When you decide to launch your startup near NYC, your attention is focused on creating the perfect product, hiring the best employees, and finding office space in just the right location. Legal issues are the last thing on your mind, but without proper attention, these can lead to costly litigation later. These are some of the worst legal mistakes startups make in New York and how you can avoid them.
As a startup or small business owner, you have endless decisions to make for your company. One of the most important is how you can protect yourself from personal liability. While many business owners like the freedom of operating as a sole proprietorship, this business structure leaves your personal assets unprotected from your business liabilities. If your business struggles to pay its debts, your creditors may go after your personal assets.