When does your startup business need a lawyer? 

Entrepreneurs are adept at wearing many hats in their business, which can be a competitive advantage. However, this strength can become a weakness when you wait too long to bring in specialized assistance, which is certainly true when considering hiring a lawyer. But when is the right time? Here is a checklist to think through when deciding if it’s time for you to lawyer up:
  • You are starting a new business and are considering forming a corporation or LLC.
  • You have potentially lucrative products or services that you need to protect via patent, trademark, trade secret, copyright, or other means.
  • You have employees or independent contractors.
  • You are bringing on an officer or independent contractor who will receive equity or a portion of the sale of the business.
  • Operating your business implicates regulatory issues in such spaces as consumer product, technology, and privacy.
  • You are signing agreements that have long-term financial and legal implications for your business.
  • You are beginning to sit with investors, having informal or formal discussions.
  • These are just a sample of the instances in which it is wise to seek counsel. Which one most applies to your business?

LOS ANGELES
4100 W. Alameda Ave.
Suite 300
BURBANK, CA 91505
tel: 866-268-2787

AUSTIN
9442 Capital of TX Hwy N,
Plaza 1, Suite 500
AUSTIN, TX 78759
tel: 866-268-2787

CHICAGO
401 North Michigan Avenue
Suite 1200
CHICAGO, IL 60611
tel: 866-268-2787

© 2019 by Fogel & Potamianos LLP