Before you start your startup

29 Mar ’10

I see a lot of people who are at the very early stages of planning a new business. As a result, I’ve developed an informal standard ‘laundry list’ of cautions to pass along to these clients in the first call I have with them.

Many people are surprised to learn that there are legal steps they should be taking toward their new business before they start building it. But there are, and they’re important, and dealing with these issues can be difficult and expensive if they’re left until some later time. (In a recent example, problems in this area cost a new client months of time in the market and a lot of money in legal fees for a litigator).

Summary

In brief, before you start you need to ensure that (i) any intellectual property and confidential information you create for your new business will be your own; (ii) you comply with any obligations you have in agreements with your current employer or with clients.

Finish reading this post on Hyndman | Law.

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