With an understanding of the differences between pre-money and post-money valuations, their importance, and how the amount of capital you raise can impact your ownership, you will have a better idea of how much capital you want to raise for your business.
While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to grow big or become registered, startups refer to the new businesses that intend to grow large beyond the solo founder. Startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.
In response to consumer privacy concerns, several states have implemented new data security laws. The most recent of which is California’s CCPA. This blog post discusses some ways that startups can become CCPA compliant.
Crowdfunding is a good way for startups to raise money for their product/service. Widget makers and apparel designers (including our client, Apricoat®), in particular, have made extensive use of crowdfunding to get projects off the ground.
The process of starting a new business can be confusing; startups should be aware of where they can go to get the advice and guidance they need to succeed. Aside from networking events and cold-calling people, other options exist; incubators and accelerators.
A lawyer by subscription is an alternative fee arrangement where a client pays a flat monthly or yearly fee for a certain set of legal services. This allows them the freedom to contact their attorney as needed during that time, instead of their attorney billing them by the hour.
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.
A C-Corp is the preferred entity for startups because it allows you to raise capital better than an LLC, has fewer restrictions than an S-Corp, provides you with tax benefits, and gives you personal liability protection.
Quality legal representation means that you can focus less on startup legal matters and more on the day-to-day running of your business. Call the Law Office of Elliott J. Brown today.
Intellectual property is your startup’s most valuable asset and as a founder, you need to be mindful of how it is used and who can claim ownership of it.