Following state and federal employment law can get complicated quickly. No matter how small your business is, you must make sure you are in compliance with hiring regulations. Otherwise, you could find yourself facing hefty fees and punishments. Here are five costly mistakes companies often make when it comes to employment law and how to avoid […]
As we’ve mentioned in previous blog posts, hiring the right employees is crucial to the success of your startup. It’s important to know the type of worker you’ll need for each specific stage of your company’s lifecycle. Here’s a guide to hiring the right employees at each phase of your startup: Phase 1 (1-50 Employees): Thinkers The onset of starting […]
Registering trademarks for your startup’s name and branding is a crucial step when starting a business. A good name and logo can go a long way to capturing a substantial market share. However, if you choose the wrong trademarks, you’re stuck with naming and branding that could make growing your business more difficult. Learn about seven common trademarking mistakes […]
The team you assemble to get your small business off the ground will make or break you. Avoid these ten common hiring mistakes to give your company the best chances for success. 1. Hiring for an Unspecified Role Starting a new business is chaotic. You will need a strong team to help you turn disorder into order. But don’t […]
When Mason and I first built V1 of UpCounsel inside AngelPad, we knew we were going after a massive opportunity, but a very hard problem. Professional services present unique marketplace challenges because of the elevated levels of trust that must be built between the buyer, seller, and marketplace. We knew we needed the right team […]
When starting a new business, entrepreneurs often get confused about how they should structure the company. Should it be a C or S corporation? What’s the difference? In our previous post on drafting buy-sell agreements, we mentioned corporate structure was an important decision that could significantly impact your tax burden. Here are the key differences between an S corp […]
Legal documents are the last thing you want to work on when starting a small business. Time is money and there never is enough of it. However, if you don’t prepare the proper paperwork, you leave yourself vulnerable to conflicts and lawsuits that could end your business. Make sure your hard work doesn’t go to waste and draw up these six legal […]
Think buying a franchise is going to be the business opportunity of your dreams? Make sure you aren’t making one of these ten mistakes, or you might end up regretting your decision. 1. Wanting to Be Your Own Boss You might think buying a franchise means you’ll gain independence, be your own boss, and control your destiny. […]
Before starting a business with others, it is crucial you draft a buy-sell agreement. Even for the simplest businesses, a buy-sell agreement can save it from future financial collapse. In fact, it might be the only written document you need. Learn why they are important and the top six things to consider when drafting one.
Finding the best employees to execute an entrepreneurial vision is always a challenge. Here is a new employee checklist detailing the seven traits new hires need in order to surround yourself with the most effective team possible.