Corpus Christi Startup Lawyers
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On UpCounsel, you can find and connect with top-rated Corpus Christi startup attorneys & lawyers that provide a range of startup law services for startups and entrepreneurs that are starting a business. Any of the top-rated Corpus Christi startup lawyers you connect with will be available to help with a variety of your startup law related legal needs on-demand or on an ongoing basis in the city of Corpus Christi, TX.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Corpus Christi startup lawyers on UpCounsel can help you with a variety of specialized and general startup law related legal matters. No matter what type of startup law needs you have, you can easily hire an experienced Corpus Christi startup lawyer on UpCounsel to help you today.
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- 5 min read
What Is a Shell Corporation?
A shell corporation is a company with financial assets but no significant business activity. Shell corporations don't create products, hire employees, or generate revenue. Rather, they store money and engage in financial transactions. Shell corporations can be used for illegal purposes like money laundering or legitimate purposes like storing funds in the early stages of a startup.
Shell corporations may also be known as international business corporations, personal investment companies, phantom firms, mailbox companies, or letter-box corporations.
How Does a Shell Corporation Work?
Shell corporations hide the identities of their owners. They can be set up anonymously, letting businesses and individuals engage in financial dealings without revealing who they are.
Shell corporations are often created in tax havens. Tax havens are countries with few or no taxes on business, as well as laws against r
- 4 min read
To form an LLC in Nevada, you must first choose an appropriate name for your business. Your name must have the words "Limited-Liability Company," "Limited Company," "Limited Liability Company" or "Limited". You could also use an abbreviation instead, such as "Ltd.," "L.L.C.," "LLC," or "LC". Company can also be abbreviated as Co.
Make Sure Your Name is Available
The name of your LLC must be different than any other business in the State of Nevada. To find out if your name is available for use, check with the Nevada Secretary of State Online Database. Once you find a name you can use, you can file the Name Reservation Request Form with the Secretary of State. You can do this by mail, or on the Nevada Secretary of State's website. The fee to file to reserve your business name is $25, and this reserves t
It takes money to turn a great idea into a great product, but “money doesn’t grow on trees” and you may not have thousands of dollars just waiting to be spent. So how do you turn your dream into a reality? Here are some of the best options.
Self-Funding / Bootstrapping
Many entrepreneurs start with some level of self-funding (also known as bootstrapping) and, in fact, future investors likely will want to see that you have some “skin in the game”. Even if you can only put in a little money, it is worth considering the benefits. For example, you don't have to worry about keeping investors happy. You also can keep more profits to yourself. Many founders also hold off on taking a salary, consider tapping into the 401(k) retirement account, and/or have a side job to help make ends meet while they get their business up and running.
You also can use your
- 13 min read
What Is Trademark Licensing?
Trademark licensing is the process by which a registered trademark owner, called a licensor or proprietor, allows another party, called a licensee, to make and distribute specific products or services under the licensor's trademark agreement. Trademark licensing is a type of merchandise agreement.
The licensor receives a certain amount of money or royalties, a percentage of all sales, in exchange for sharing the trademark. This compensation is also called consideration. Fashion and consumer products concerned with sports and entertainment are often sold under a trademark licensing agreement.
The licensee usually creates a trademark licensing agreement, but a licensor can also create this document. Both parties usually agree upon the terms before creating a trademark licensing agreement.
To be eligible for legal enforcement, a trademark license
- 5 min read
What is a Reverse Stock Split?
A reverse stock split is when a company reduces the total number of outstanding shares by a multiple and increase the share price by the same multiple. The company will maintain the same market capitalization (share price x outstanding shares) as before. In effect, you start out with 10 shares of stock worth $2.00 per share and assuming there is a one-for-two reverse split, you will wind up with 5 shares worth $4.00 per share. To make this easier to understand, let's assume for a moment you have two $50 bills. Someone offers you a $100 bill in exchange for them. You now have one bill worth $100 instead of two that equal the same value.
Company Value and Reverse Stock Splits
The value of a company does not change when stock splits. If a company has 100,000 outstanding shares that are wort