Las Vegas Startup Lawyers
Why Hire a Startup Lawyer?
Starting a business isn't for the faint of heart. It requires dedication, attention to detail, and a business plan that's guaranteed to turn into a valuable enterprise. However, many startups fail to realize the importance of an attorney to handle their non-business needs.
- Providing a bevy of great services
- Even the most savvy startup owner isn't always the best at handling all aspects of the business. Fortunately, a top-notch startup attorney can handle some of the workload. Some of these aspects include settling disputes, drafting contracts, hiring employees, and protecting intellectual property.
- Building a winning culture
- The earlier you hire a lawyer, the sooner they can make a positive impact on your business. Using a data-driven approach and analytical thinking, they can weigh-in on decisions, draft plans of action, and execute business plans. This builds a winning culture that rubs off on your employees.
- Offering intangible value
- It's easy to measure a businesses' success on charts, numbers, and financial statements. However, a startup attorney can add intangible value. They can provide solutions to problems with critical thinking, advise you on early decisions that provide new opportunities, and provide suggestions when other members of your team don't have the necessary expertise. With these assets, a great startup lawyer can eventually turn these intangible traits into something of value on paper.
- Compliance with state and legal law
- Starting a business requires you to follow the laws set out by the state and federal government. The problem is that they are exhaustive. There are tons of things to do and read through, but with a startup lawyer, it's all a bit easier. They'll advise you on every aspect of setting up your business such as how to incorporate, tax considerations, and more.
- In Nevada, your lawyer can also help you go through all the steps for a new business. This includes:
- Obtaining a fictitious name
- Getting a state business license
- Obtaining any special permits
- Getting a Las Vegas business license
- Buying insurance
How to Find the Best Startup Lawyer
Now that you know all a startup attorney can offer, it's time to start your search. However, finding one isn't as easy as it seems.
- Pick the right size firm
- To have a successful start, businesses need constant attention from their attorneys. Day or night, this attorney should remain a phone call away in case of any problems that arise. That leaves two options. A larger firm usually has loads of experience in startup ventures, yet they may not have the attention to detail you require. Solo practitioners and small firms are another choice that will give you constant attention out of necessity. To them, you are an asset and an important revenue stream. Without your business, they can't survive. Both have their advantages, so it's up to you to choose which one blends with your style and industry.
- Style of Communication
- To get the most out of your lawyer, you need a style of communication that gels. Having an attorney that isn't sociable when you're talkative, or prefers emails when you're an in-person type, are troublesome signs. That's why you need to find an attorney that has the same type of communication style.
- Ask for referrals and experience
- As soon as you begin your search, remember that experience is the best asset a startup lawyer has. The more time they have working with startups, the more knowledge they've obtained. However, you should make sure that they have experience in your industry. A startup lawyer that specializes in retail ventures isn't much good to a tech company.
- Referrals from other startups are another way to find your lawyer. If you've met with the lawyer, ask them for testimonials or referrals from some of their past clients. This will help you find out if this lawyer is truly the one you want.
- Don't cut legal costs
- Cutting costs is how a business can create a positive cash flow, yet few know that skimping on a startup attorney is bad for business. It does save you money up front, but may not in the future. Hiring an attorney that knows how to make your business excel is worth its weight in gold.
Questions for Startup Lawyer
- Do you work with similar companies?
- When you pick a startup lawyer, you need someone who's familiar with your business model and plans. If they aren't, you're headed for trouble. In addition, if they have worked with similar companies, make sure they're willing to share their knowledge with you.
- How much experience do you have with technology?
- Most startup businesses have some aspect of their venture that revolves around technology. Whether its customer support, sales, or something else, you need a startup attorney that's up-to-date on these details. Instead of familiarization with Microsoft, you need someone who knows Facebook and social media. It's in your best interest to find someone that has the online knowledge to keep your business going strong.
Why use UpCounsel to hire a Las Vegas Startup Attorney?
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Legal Services Offered by Our On-Demand Las Vegas Startup Attorneys
On UpCounsel, you can find and connect with top-rated Las Vegas 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 Las Vegas 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 Las Vegas, NV.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Las Vegas 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 Las Vegas startup lawyer on UpCounsel to help you today.
Improve Your Legal ROI with Affordable Startup Attorneys that service Las Vegas, NV.
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- 4 min read
What is Form D?
Form D is a filing with the Securities and Exchange Commission (SEC) that allows companies under a Regulation D exemption or Section 4(6) exemption to offer stock to finance their businesses without going through the IPO process and selling stock to the public.
Companies that sell securities typically have to register with the Securities and Exchange Commission (SEC) under the Securities Act of 1933. This is a long process and can make it complicated to follow and understand the law. Smaller companies seeking venture capital can instead file Form D - a process that is quicker, simpler and protects the company from potential legal problems.
Why Is Form D Important?
Form D is important because it keeps you within legal boundaries. You can't simply begin selling securities to fund your busine
- 13 min read
What Is Startup Valuation?
Startup valuation is simply the value of a startup business taking into account the market forces of the industry and sector in which that business belongs.
These factors include the balance (or imbalance) between demand and supply of money, the size of recent events, the willingness of investors to pay premiums to invest in the company and the level of need the company has for money.
What Is a Startup?
A startup company is a new business which is potentially fast growing and aims to fill a hole in the marketplace by developing and offering a new and unique product, process or service but is still overcoming problems.
Startup companies need to receive various types of funding in order to rapidly develop a business from their initial business model that they can grow and build up.
Difference Between Startup Valuation and Mature Business Valuation
Startup businesses will usually have
- 5 min read
Promissory Note: What Is It?
A promissory note is a legal contract that sets out the terms of a loan and enforces the promise for a borrower to pay back a sum of money to a lender within a certain time period. Promissory notes are one of the simplest ways to obtain financing for your company. They are often basic documents with few formalities. A promissory note written on a napkin could be valid if the required terms are included.
Alternative names for promissory notes include: IOU, personal notes, loan agreements, notes payable, note, promissory note form, promise to pay, secured or unsecured notes, demand notes, or commercial paper.
As such, a promissory note must contain the usual standard requirements for a contract, including considerati
- 2 min read
What is a Basis Point?
One of the terms you may hear when searching for a business loan is basis point. This is a fairly common term when lenders are talking about fees on your loan. They also may apply when a lender is locking in a specific interest rate. You may have also heard this term if you were borrowing money for a car, on your credit card statements or when you took out a student loan.
Simply put, a basis point is one one-hundredth of a percent. Written out it is .01 percent. An example of how a calculation is made is if you borrow $100 and you're paying 200 basis points, it will cost you 200 pennies or two dollars.
The formula looks like this: $100 x .02 = $2.00
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