Sacramento Startup Lawyers
Why Should My Company Hire a Startup Attorney?
The early days of a company are usually shaky. More than half of startups fail within a couple of years. That's because they start poorly and never recover.
Hiring a startup attorney will help your business build a solid foundation. Many of the best startup lawyers have experience with new companies. They know the mistakes that can bankrupt a business. They also know the ways to help the company turn a profit faster, the main issue in any startup's survival.
You'll need a startup attorney to help you decide how to run your business. This person can offer good advice about how your startup should work. Choices include:
- C Corporation
- Limited Liability Corporation
- S Corporation
- Sole Proprietorship
A startup that chooses the wrong structure will struggle to succeed. A top lawyer will ask questions of you and others within your organization. Using these answers, they'll decide how to write your business charter. Getting this decision right is often the difference between a sound business and bankruptcy.
Another important reason to hire one of the best startup attorneys is the law. Your business must follow the rules of the city of Sacramento, the state of California, and all applicable federal laws. As the founder of a new company, you're not likely to know which rules apply to your business.
An attorney will offer guidance on important subjects such as:
- Hiring practices: Laws require all businesses to follow certain practices when hiring new workers. Without a lawyer, you're likely to break these rules, leaving your business vulnerable to lawsuits.
- Patents and trademarks: During the early days of your startup, everything you do is new. Even your company logo and name could cause legal problems. You must check to see if anyone has an existing claim on these things.
Also, you may invent a new prototype, process, or piece of equipment. A top attorney will help you trademark or patent your idea. In such instances, using an attorney actually saves you money in the long run.
- Tax liability: A top startup attorney can teach the owners how to set up their tax paperwork. They can also offer advice on the best ways to cut the tax burden during the early years when money is tight.
How to Find the Best Startup Lawyer in Sacramento, California
The key to finding the top lawyer for your startup is good research. You should check reviews on websites to see what other customers think of an attorney. You should also ask for referrals from other business owners or trusted friends in your network.
One of the first things you should check is whether an attorney has passed the bar in the state of California. You should rule out anyone who hasn't.
The California Supreme Court has created a series of rules about proper attorney behavior. The state legislature has more rules that a lawyer must follow. When someone registers a complaint about an attorney, the state's bar association investigates.
Someone who breaks one of the rules receives a warning, gets put on probation, or earns a suspension. Any of these is reason enough to rule out a lawyer. You need to hire someone you can trust.
Another good idea is to look up a lawyer's bio. Most major law firms list these on their websites. A quick read will show whether an attorney meets your needs.
The main thing to look at is whether the person has experience with startups. The best attorneys list this information on their bios. That's because they know that this knowledge will help them get more clients.
When a lawyer doesn't list this information, you may still keep them in mind. Contact them by email or phone. Ask the person whether they have experience and, if so, why they don't list it on their bio page.
Which Questions Should I Ask the Startup Attorney?
Have you passed the bar exam in the state of California?
Have any clients registered a formal complaint against you?
How much experience do you have with startups?
Do you still have a working relationship with any startup?
Can you offer any referrals?
How much do you charge?
Do you have a set fee or do you bill per hour?
If you charge by the hour, how does my company avoid overbilling?
Do you offer a payment plan for cash-poor startups?
What's your current workload?
Will you have enough time to build a working relationship with the startup?
Will other employees from your company work on this account?
If so, what are their titles and qualifications?
What's your firm's favored type of communication with customers?
Have you ever handled incorporation in the state of California?
Have you ever handled a trademark or patent process?
The success of your startup depends on your earliest choices. Hiring a top startup attorney is one of the best ways to position your company for long-term success.
Why use UpCounsel to hire a Sacramento Startup Attorney?
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Your work gets done quickly because professionals are always available.
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Legal Services Offered by Our On-Demand Sacramento Startup Attorneys
On UpCounsel, you can find and connect with top-rated Sacramento 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 Sacramento 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 Sacramento, CA.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Sacramento 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 Sacramento startup lawyer on UpCounsel to help you today.
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CrowdFunding: What Is It?
Crowdfunding involves a lot of people investing a small amount of money to start a project. This is typically seen over the internet, but can also be done in other ways. Asking strangers for money may seem awkward, but it doesn't have to be. There are a lot of excellent crowdfunding sites that people trust. By using one of those sites and having a great project, you have a higher chance of getting people to help you.
Equity crowdfunding has been a newer option available under the Jumpstart Our Jobs (JOBS) Act.
What Are the Types of CrowdFunding?
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Is a DBA California the Same As a Fictitious Name?
Yes. In California, a DBA is sometimes referred to as a “fictitious business name,” or FBN. Even though it is called fictitious, it’s just as real as any other name for a business, whether that name refers to an individual or an organization. However, most DBA’s are utilized by sole proprietorships, especially if the business name is different than that of th
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What Does It Mean to Pierce the Corporate Veil?
Piercing the corporate veil is when the courts ignore the "corporate veil" placed on an LLC or corporation. A corporate veil is when a business is incorporated so that its owners, shareholders, and employees will not be held personally responsible if the business can't pay its debts. A corporate veil is also known as limited liability.
LLCs and corporations are legally separate from their owners and shareholders — this is what allows the veil to work.
Why is the Ability to Pierce the Corporate Veil Important?
Piercing the veil can help protect smaller businesses from larger ones. For example, if a large business refuses to pay a smaller one for provided services.
Also, it can be used to force corporations to comply with government programs. However, courts are reluctant to
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You also can use your
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What is a Stock Ledger?
The stock ledger is a record that keeps track of the stock transactions for your corporation. This is only one part of the total amount of corporate records you must keep, and should be maintained in the corporate records book. All transactions regarding the shares of your business must be recorded in the stock ledger, including when shares were initially issued and any stock transfers that occur. The stock ledger should also include any shares which are surrendered or lost.
What is Written in a Stock Ledger?
For every stock transaction, the information necessary to complete the stock ledger correctly will include:
Name of the shareholder;
Complete mailing address of the stock shareholder including contact number;