Houston Startup Lawyers
Legal Tips and Information
Reaching for the Stars in Houston
Houston has long been known for innovation. Known as “Space City”, Houston has been the home to dreamers and doers for decades. A quick internet search for startups in Houston will show you the hundreds of growing companies and the many events and spaces that have welcomed them and are helping them to grow. From advanced ground penetrating technologies to cutting edge cloud concepts, Houston is a place for startup companies to reach for the stars.
To help you succeed in making your own moonshot, you need to find a Houston startup lawyer. The best startup attorneys know how to build the framework for you to rocket to success, and understand the challenges that startup business might encounter. Faced with limited funds and big dreams, many startups are tempted to go it alone and seek an attorney only when they find bumps on the road. Working with a startup attorney in Houston from the beginning can help you leverage your funds in a smart way so that you can prepare your startup to rocket to success while you plan for those failures that might arise along the way. The best startup attorneys have been through failures to launch and will use their skills and knowledge to help protect you from your own missteps along your path.
Building the Framework for Your Dream to Launch
Whether your new startup employees only you or is a team of thousands, you need to create the framework for your company to operate. Without the right documents, agreements and policies in place, no world changing idea can reach orbit. A startup lawyer in Houston is a specialist is forming the right kind of business structure for you. Should you form a corporation or a partnership, or will a limited liability company be the right for you? Your startup attorney has the knowledge and experience to help you choose wisely. You may need a founder’s agreement to protect your personal interest, or maybe it’s wise to have a non-compete to keep would-be competitors from capitalizing on the skills of a knowledgeable team. From setting up your employee compensation structures and anticipating tax issues, to drafting those pesky HR rules and knowing if you need a driver’s license and a passport from your new hire, your Houston startup lawyers has the tools you need to build a solid business foundation to launch your dreams.
Protecting Your Ideas as You Expand the Horizons
Your idea will expand horizons. It will be no good to you though if it’s not protected. Not only will the best startup attorneys in Houston know how to lay the foundation for your new company’s success, they also know that your idea isn’t any good to you if you can’t protect it. Depending on whether your innovation is a product, a new technology or even a service, this intellectual property can be protected from unauthorized use and use without compensation.
All sorts of methods can be used to protect your idea. Copyrights, trademarks, service marks and even patents can be created to protect this new intellectual property that you have created. Your Houston startup lawyer will know the rules of the road. Plus, in addition to putting in place these legal protections, the best startup attorney knows that sometimes you also have to protect your innovation from within. Confidentiality agreements can make sure that when your employees move on to their new dimensions, they don’t take your ideas along for the ride.
Fueling Your Startup’s Rocket
No rocket can launch without fuel. For your Houston startup to rise to great heights, you need money to get off the ground.
While we all wish money fell from the sky, the truth is raising capital takes time and hard work. It also needs structure, since no one will give you money without knowing what they’ll get in return (if you find someone who will, let us know!)
Houston is home to some real entrepreneurial minds you will help you find your path to venture capital, angel investors, banks, and even some regular people. All of these folks will expect you to know the rules about how to take their money and what you can do with it. Some may want an equity stake in your company while others are happy to loan you the money. Your Houston startup lawyer will create the documents essential to protecting you while letting your funders know exactly what their investment will bring them. You may need to draft management agreements and even stock certificates. Your startup lawyer will understand that local, state and even federal rules that apply so that you can avoid costly and even mission critical errors. A partner on your launch team, your startup lawyer in Houston will help you fuel your rocket, your startup can soar.
Forging New Frontiers
You’ve built the framework, fueled your rocket and you’re ready to launch to forge new frontiers. What does your future hold? More exploration, expanding your mission team, joining forces with this generation’s change makers?
Your Houston startup attorney is your partner in figuring out your best path forward. If you haven’t found your lawyer among the best startup attorneys in Houston, it’s not too late. Find a top notch startup lawyer in Houston that will make sure that you continue on your journey in a way that brings you rewards to that you deserve and expect.
It may be that it’s time to find your crew some new space. Or maybe you’ve found a terrific space but need to add team members to help you expand on those patented ideas. Perhaps you’ve been approached by a world leader in your field that wants to make you a part of their team! Just like your need to innovate never stops, your need for solid legal guidance doesn’t stop either.
You may need new policies and new contracts. If you’re moving to new space, you’ll have a new and probably lengthy lease to review. Is it time to renegotiate or even pay off that debt? Your Houston startup lawyer may be able to negotiate a better deal. Are you presented with the change of a lifetime to sell to that innovator who wants to expand our frontiers all the way to Mars? Your Houston startup lawyer has the knowledge, experience and toolbox of skills needed to help you navigate these opportunities. The best startup attorneys may even had a few interesting ideas that you never thought of (securing a lifetime pass for that new space hotel??) As you break boundaries and expand the frontiers of your success, your Houston startup lawyer will be your partner in boldly going places you’ve never been before.
Triumph in the Space City
In your pursuit of innovation and success, your startup lawyer in Houston will be key member of your team. From creating the infrastructure of your startup to protecting your intellectual property, you need the best startup attorney you can find. Just as you spent time in forging the ideas that are the foundation of your startup company, you need to take time and care to find that right team member to protect those ideas.
While it’s likely hiring a startup lawyer in Houston may not be something you thought you needed, by now you understand the value of that investment. It’s easy to be tempted to try to save on legal fees by going it alone, but that’s a path that may end up costing you more in the long run and result in the failure to your startup to get off the launch pad. Finding a startup lawyer in Houston that will meet your budget, understands your business and has the tools you need to succeed will ensure that your Space City startup story will be one of triumph.
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From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Houston 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 Houston startup lawyer on UpCounsel to help you today.
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- 5 min read
Staggered Board: What are They?
A staggered board is a board made up of different classes of directors that serve different term lengths and are elected at different times of the year. A staggered board is an effective defense against a hostile takeoverdue to the staggered style of the elections.
A staggered board, also known as a classified board, is comprised of directors placed into different classes. They play an important role in the modern corporate landscape by preventing takeover by a hostile bidder. It's been found that companies that have a staggered board remain independent of undue influence. They also help guide the company towards profitability and prevent activist shareholders from overreach. While it's inevitable the company is eventually sold to the hostile bidder or another party, th
- 6 min read
What is a Cap Table?
A capitalization table (or “cap table”) is a spreadsheet that, generally speaking, lists all of a company’s securities (stock, warrants, options, etc.) and who owns them. Put another way, a cap sheet is a ledger that lists the investors in a company, along with each investor’s percentage of ownership, equity value and dilution, and other related information. Cap sheets are most commonly used in the early stages of a startup or venture, often created before any other initial company documents are created. A fully diluted cap table will show the percentage ownership in the company for each investor, assuming that all convertible notes will eventually convert to equity.
The simplest form of a cap table lists a start-up's shareholders and how many shares each shareholder owns. Since ownership of shares will change as investors and employees come and go, a cap table needs to includ
- 9 min read
What Is Freedom to Operate?
Freedom to operate, also known as FTO or right to use, means you have the freedom to test, market, or sell a product or service in a specific area. Sometimes intellectual property rights only count in a country or a region, and outside of them you have the FTO to do whatever you want.
For example, let's say the U.S. government gave you a patent for a new kind of speaker. As the patent holder, you have the freedom to market and sell your speaker while no one else can. If it's a brand-new kind of speaker, you can also sell it in other countries without getting their patents.
However, your competition also has the freedom to operate in other countries, since you only have a U.S. patent. Perhaps someone else has patented the same kind of speaker in Europe, and now neither of you have the FTO to sell your speakers in each o
- 8 min read
What Is Specific Performance?
Specific performance is the legal concept that anyone who signs a contract is bound to the terms of the contract. It encompasses the idea that all parties to a contract are bound by the exact terms stated in that contract and that there are remedies that a wronged party can pursue when someone is in breach of those terms. These remedies include filing a lawsuit to collect damages or seeking a court order requiring the infringing party to live up to their obligations. The latter remedy is specific performance.
Specific performance remedies require taking a hard stance as to the language in the contract. It is important because it carries the weight of the courts behind it to hold contractors to their agreements. If a party fails to uphold their end of the bargain, they can be fined, held in contempt of court, or even arrested.
Specific performance, very simply, is a court order that mandates everyone comply wit
- 5 min read
How to Form an LLC in Georgia
A Limited Liability Company, or LLC, is a kind of business structure that is owned either by a single person or a group of people who shared limited liability in the business. Basically, by forming an LLC, their personal assets will not be affected in the event the LLC fails or is sued.
To form an LLC in Georgia, you have to start by creating a name. Your name must contain "LLC," "Limited Liability Company," "L.L.C.," "Limited Company," "LC," or "L.C." You may use abbreviations such as ‘Ltd,’ for limited or ‘Co.’ for company. . Make sure that your name is different from any other LLC in the state of Georgia by checking the Corporations Division business name database, which is found within the Secretary of State’s department. The name must be fewer than 80 character, including spaces and punctuation. There are also restricted words which