Indianapolis Startup Lawyers
Why Hire a Startup Lawyer?
Hiring a startup attorney is crucial to your business's success. No matter the nature of your startup, you will need to establish bylaws, hold board meetings, secure the necessary visas, file tax forms, license software, and patent your products or services. All this can be a headache, but with a startup lawyer, you can be sure you have the professional representation you need to protect your business from the start.
Business lawyers focus their legal practice on issues related to businesses, such as intellectual property, taxation, and establishing startups. As such, top startup attorneys in Indianapolis, Indiana, can help you get on the right track.
The best startup attorney will accomplish the following:
- Explain the pros and cons of starting your business as a corporation, partnership, or limited liability company.
- Assist you with leasing business space.
- Help you get the capital you need to operate the business.
- Provide a range of consulting services.
- Help you fill out business contracts, client and vendor agreements, and other important documents.
- Help you navigate complex compliance codes in Indianapolis.
Attorneys often specialize in certain legal matters to help better organize and protect your startup. These specialized skills include the following:
- Real estate. These attorneys are experienced in leasing commercial spaces, negotiating lease contracts, and adding tenants' addendums that benefit you, the person leasing the space, instead of the landlord.
- Contracts. The right lawyer will quickly understand your startup and prepare the standard contract forms you will need for clients, customers, and suppliers.
- Intellectual property. If you're starting a design, media, or other creative business, you will need to register for copyright protection and federal trademarks. Most small business lawyers either specialize in intellectual property or they work with intellectual property specialists.
- Licenses and taxes. The best startup lawyers know how to register startups for state and federal tax identification numbers. They also understand the tax consequences that small businesses face.
- Business organizations. Your startup lawyer can help you decide whether forming a limited liability company (LLC) is the best way to go for your business. He or she will then prepare the necessary paperwork to properly organize the startup.
How to Find the Best Startup Lawyer in Indianapolis
Begin your Indianapolis attorney search by looking for one who is a member of the Indianapolis Bar Association or the Indiana State Bar Association. Any startup attorney offering legal counsel in Indianapolis must be licensed to work in the area.
Lawyers practicing in Indianapolis must pass the Indiana State Bar Exam, even if they're licensed to practice in another state. Some lawyers may also have a legal specialty certification. Always ask about a lawyer's credentials during the first communication, or even better, see if the lawyer is listed on the Indiana State Bar Association's website.
Before hiring a startup lawyer, make sure to consider the following:
- Avoid relying on advertisements to find a lawyer. While ads are a useful way to discover the names of lawyers, you should be careful about solely counting on what the advertisement claims. Some ads might quote a price range or fee for handling simple cases, but this is rarely a guarantee.
- Ask around for recommendations. One of the best ways to find a highly-recommended lawyer is to ask a trusted relative, friend, or business associate. This is especially true for someone who has used the lawyer in question for small business matters.
- See which lawyers communicate well. You don't want a startup attorney who responds to your questions with simple "yes" or "no" answers. Top startup lawyers will always go into detail about your options and let you know what similar businesses would do in your situation. You should also make sure the lawyer responds in a timely manner to your emails, phone calls, and other forms of communication.
- Make sure the lawyer's offices are conveniently located. Since you will be visiting your lawyer's office frequently, especially during your startup's first few years in business, you want to hire a lawyer who is close to home. Otherwise, you'll be spending wasted hours driving to and from the office every time you need legal advice or need to sign documents. If you're torn between two or three highly-qualified attorneys, go with the one closest to you.
Questions for a Startup Lawyer
- Are you well-connected in your area of law?
- Have you had other startup clients? Do you represent any of my possible competitors?
- Are you flexible with billing and payment options?
- How long have you specialized in business law?
- What percentage of your practice is dedicated to startups?
- How do you plan to communicate with me about what's happening with the legal aspects of my startup?
- Have you ever been sanctioned for or accused of attorney misconduct? If so, why? And what was the outcome?
- Do you feel you have any conflicts of interest that would prevent you from representing my startup?
Why use UpCounsel to hire a Indianapolis Startup Attorney?
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Legal Services Offered by Our On-Demand Indianapolis Startup Attorneys
On UpCounsel, you can find and connect with top-rated Indianapolis 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 Indianapolis 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 Indianapolis, IN.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Indianapolis 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 Indianapolis startup lawyer on UpCounsel to help you today.
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Learn More about HIPAA Compliance for Businesses
Along with protecting workers from the exclusion of preexisting conditions, HIPAA also protects patients’ paper and electronically stored medical information through the Security Rule and Privacy Rule, which were implemented by the U.S. Department of Health and Human Services.
In order to be in compliance with HIPAA, each covered entity must ensure they are abiding by the Security Rule and Privacy Rule standards.
Security Rule - Safeguards and Compliance
The Security Rule, a HIPAA provision, was included to ensure the confidentiality, integrity, and availability of electronic patient health information (EPHI). There are three types of security safeguards necessary for compliance with the Security Rule: Administrative, Technical, and Physical. For each of these three types, there are security standards set fort
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What is a Trade Secret?
A trade secret is any information about a business that could give a competitive advantage to another person or business. It is something that is not generally known or easily obtainable by others which can include confidential manufacturing, industrial, or commercial information.
A trade secret can also be described as valuable and exclusive knowledge that created by the work of a person or a company that has an economic interest in keeping it. This is usually because the owner gains a competitive advantage in the marketplace as a result of the trade secret.
A trade secret is defined very broadly and can include any of the following:
- commercial methods, such as distribution or sales methods
- advertising strategies
- lists of suppliers or clients,
Starting a business is tough work.
There are a lot of resources and guides out there to help entrepreneurs, but who should you listen to?
UpCounsel's step-by-step guide for starting a business in New York is the only one that's been approved by a registered attorney and includes links to the state-specific legal templates you need.
Pre-Step 1: Choosing the right legal entity for your business
- C and S corporations offer strong liability protection, but have stricter rules (ex: board of directors with regular meetings and minutes)
- LLCs combine liability protection (for your personal assets) with ease of formation and operation, but have a lot less protection from creditors
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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
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What Is Corporate Structure?
Corporate structure is a way of organizing a company in three parts. This includes:
- Board of directors, who control the business
- Corporate officers, who oversee operations
- Shareholders, who own the business
Corporate Structure: What Is It?
Also known as corporate governance, corporate structure is the way of running a business. Corporate structures include:
Board of Directors
The board of directors reports to the shareholders. The board's tasks include:
- Making sure managers are effective
- Keeping the chief executive officer (CEO) on track
- Reviewing the company's plans, budgets, and goals