West Des Moines Startup Lawyers
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Legal Services Offered by Our On-Demand West Des Moines Startup Attorneys
On UpCounsel, you can find and connect with top-rated West Des Moines 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 West Des Moines 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 West Des Moines, IA.
From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the West Des Moines 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 West Des Moines startup lawyer on UpCounsel to help you today.
Improve Your Legal ROI with Affordable Startup Attorneys that service West Des Moines, IA.
What Our Customers Have to Say
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- 6 min read
Starting a new business can be both an exciting and terrifying experience. The reality is that slightly more than half of Minnesota businesses started in 2010 went out of business by 2015, and nearly one in five didn’t even survive the first year. So how do you make sure that your business is one of the success stories? Proper planning and knowledge of the key legal requirements and common pitfalls.
Basic Steps to Starting a Business in Minnesota
- Prepare a Business Plan. A business plan is a roadmap for your business and the foundation of your success. Your plan will identity the problem you are trying solve, how you plan to solve it, and other keys to your success. Sample business plans are available online (for example, see http://www.bplans.com/). In addition, you can hire a consultant to write a professional business plan, though sitting down to think things through on your own will force you to r
- 2 min read
LLC or Corporation? Which is Right for Your Business?
Many small businesses question whether they should start an LLC or a Corporation. The relative simplicity and flexibility of an LLC is typically better for businesses who want to avoid heavier fees early on with few tax obligations.
For smaller businesses, most people typically are actually wondering what the difference is between an S-Corporation because it is for smaller companies that do not want massive amounts of public stock.
- 6 min read
What is Equity?
Equity can mean a variety of things, but it generally means how much of something you own after you have paid off any money that you owe to others (debt). In accounting terms, equity is represented with the equation:
Equity = Assets - Liabilities
However, in the startup world, equity usually refers to two specific things:
Venture Capital Financing – giving a company a piece of your company in exchange for getting money from them today.
Equity compensation – to get better workers, a startup may offer st
- 5 min read
Senior Debt: What Is It?
Senior debt is the debt that is paid back first if the borrower runs into trouble paying back debt. It's the lowest cost and most common funding available, often from a bank. Banks can lend money for a small percent, such as 2 to 5 percent, and in return, they get prioritized as senior debt.
Senior gets first priority and must be repaid first before any other creditors receive payments. These less important debts are called junior debts. Senior debt is typically from a bank and banks can provide you with lower interest rates (after all, they have all that "free" money that people put into their savings account that they can lend out).
This saves you big time when it comes to how much you'll pay in interest. Bank loans typically come with 2 to 5 percent in interest, whereas junior debt lenders come in at about 5 to 12 percent. As long as you make the required payments to banks on top
- 8 min read
Incorporating your business is one of the most important steps you will take in launching your startup. While you may choose to incorporate in any state, Delaware's corporate law provides a number of advantages, including lower taxes, structural flexibility, and a legal system that favors businesses. In addition, venture capitalists and investors generally prefer Delaware.
Below are some steps you need to take once you have decided to incorporate in Delaware. They are divided into five broad categories: (1) Planning; (2) First Steps; (3) Certificate of Incorporation; (4) Post-Incorporation; and (5) Financial Requirements.