Gig Harbor Startup Lawyers
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Legal Services Offered by Our On-Demand Gig Harbor Startup Attorneys
On UpCounsel, you can find and connect with top-rated Gig Harbor 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 Gig Harbor 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 Gig Harbor, WA.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Gig Harbor 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 Gig Harbor startup lawyer on UpCounsel to help you today.
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- 2 min read
A Guide on How to Check Company Name Availability
Before establishing and developing your business, it is wise to check if your company name is available. Being forced to change your company name after you’ve already established a customer base can cause confusion, plus you could face a lawsuit if your name is too similar to a business in the same industry.
Luckily, checking the availability of a company name is a simple process.
- 5 min read
Seed Money: What Is It?
Seed money is used to fund the earliest stages of a new business, potentially up to the point of launching your product. Seed money may come from a variety of sources, including debt and equity offerings. Usually, an investor will exchange money in exchange for some equity or share in the company. The seed money is intended to support the early operations of the business until it begins to create a profit, or is ready for additional investors.
Common uses of seed money include the following:
Market and demographic research.
Over one-third of startup founders have raised money from friends and family. In fact, startups receive more than $60 billion dollars per year from these investors. That's more than angel investors and venture capitalists combined.
Raising money from friends and family has several advantages. They're often more willing to invest in you personally while a larger investor might demand to see a firmly established company. You also might be able to avoid the complex compliance requirements that come with other securities sales.
However, there are many things you need to be cautious about before you take money from friends and family such as:
Valuation and Structuring Problems
Early-stage startups frequently offer friends and family investors large
- 5 min read
What Is a Pass-Through Entity?
Pass-through entities are structured entities that offer business owners a more favorable tax rate while still protecting the owner or members from personal liability. For federal income tax purposes, types of pass-through entities include sole proprietorships, partnerships, LLCs, and S Corporations.
Because pass-through entities do not pay income taxes on a corporate level, they can provide an alternative to the double taxation that occurs in a Corporation business structure. With a pass-through entity, the owners share the income, and their income levels determine the amount of tax they owe.
Pass-through entities, or flow-through entities, make up over 60 percent of all business entities in the United States.
Reasons to Consider Using a Pass-Through Entity
Business owners use pass-through entities
- 3 min read
What Does a Limited Partnership Mean?
A limited partnership (LP) is formed when at least two individuals decide to create a business together. Unlike other partnerships, there must be at least one limited partner and one general partner in the business relationship.
Importantly, the "general partner" has unlimited liability for the company's debt and obligations.
There can be any number of "limited partners" who don't share managerial roles, but their liability is limited to the total amount of liability invested in the company. "Limited Partners" are also called "silent partners" since they can invest in the company, but they have no voting power, do not receive dividends, nor have control of the da