Provo Startup Lawyers
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Legal Services Offered by Our On-Demand Provo Startup Attorneys
On UpCounsel, you can find and connect with top-rated Provo 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 Provo 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 Provo, UT.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Provo 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 Provo startup lawyer on UpCounsel to help you today.
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- 5 min read
What Is Tortious Interference?
Tortious interference occurs when a business tries to economically harm a competitor by interfering with a contract or relationship. Breach of contract is the most common cause of interference. However, it is not the only form.
Interference often leads to economic damage. For example, the interference could involve the sale of a business. It could also happen if a vendor offers a business unreasonably low prices, causing the buyer to breach a contract with another vendor. Interference must be intentional to result in a legal suit.
Basics of Interference
The defendant in one of these cases is the person who interfered with the contract. Interference can happen in many ways, including:
- Unethical business practices
- 6 min read
Master Service Agreement: What Is It?
A master service agreement is when two parties agree to a contract that will settle most details and expectations for both parties. It'll state what each group has to do to honor their end of the bargain. It'll also show which services apply in the master service agreement.
The goal of a master service agreement is to make the contract process faster. It also should make future contract agreements simpler. A master service agreement (MSA) is also called a service level agreement (SLA). It spells out:
- Confidentiality: The parties agree they won't share company secrets with outside parties.
- Delivery requirements: The businesses decide who will deliver what and when.
- Dispute resolution: Should issues arise, the MSA states how the parties will
- 8 min read
The process of meeting the requirements (not including publication timelines) for New York LLC formation can take about 6-7 weeks. Partnerships or limited partnerships can be converted into LLCs by filing a Certificate of Conversion with a fee of $200 with the New York Department of State. Limited liability companies can be merged or consolidated with other limited liability companies and/or businesses – a Certificate of Merger and fee of $60 should be filed with the New York Department of State.
Naming your business
To set up an LLC in New York, you must start with naming your business. To see if your chosen name is available, you should check with the New York State Division of Corporations. The name must contain "LLC", "L.L.C." or "Limited Liability Company", and be distinguishable from other LLC’s corporations or limited
- 5 min read
Pre-Money Valuation: What Is It?
Pre-money valuation (PMV) is the initial value of a company before any type of investment. The capital a business receives after its pre-money valuation is called post-money valuation.
Why Is Pre-Money Evaluation Important?
- PMV determines the value of company shares.
- Through PMV, an investor can determine the value of a company's shares.
- Through PMV, anyone can calculate the total value of a company.
- Using PMV, the parties involved with an investment can determine how much of the company each party controls after the investment.
How Pre-Money Evaluation Works
Think of PMV as a simple calculation that investors use to weigh the value of becoming a shareholder. A company with a PMV of $10 million that has 1 million shares has value of $10 per share. When an angel investor offers to add $5 million more, the company's worth increases 50 percen
What is a Delaware Entity Search?
A Delaware entity search is used to look up a company name in Delaware and make sure the name isn't already used by another company. However, before getting started, it is important to understand why businesses choose to incorporate in Delaware to begin with.
Delaware is the most popular state in the nation for forming a corporation. Why? Because Delaware’s corporation laws are written to provide a greater degree of flexibility to corporation founders in regard to the structuring of director and shareholder rights, the terms of a company’s classes of stock, and for investments, mergers, acquisitions and takeovers.
Investors also have a preference for Delaware corporations because of the friendliness, familiarity and depth of corporate