FEATURED QUESTION

What form of business organization should I use?

The initial form of business may have significant consequences which cannot be overcome later.

 

 

What is your level of financial support?

Many start-ups fail for lack of sufficient funding to bring their plan to fruition.

 

What is your business plan?

Without a fully developed and vetted business plan, your start-up is unlikely to succeed.

 

How do you plan to protect your intellectual property from exploitation by others?

Many start-ups have already compromised their IP before they even get off the ground.

 

How will you attract the talent and expertise your startup will require?

Many startups underestimate their personnel needs to accomplish their plan.

 

What is the best way a small business owner can protect personal wealth and assets from business risks?

By selecting the appropriate form of business organization at the beginning.



What is the best way a small business can maximize its tax deductions?

By selecting the appropriate form of business organization at the beginning.



What specifically are small business owners most confused about when you first meet with them?

How to obtain start-up capital.



How can quality legal services help a small business grow?

By minimizing potential legal claims relating to start-up actions not properly vetted in advance.



How can quality legal services help small businesses save money?

By minimizing potential legal claims relating to start-up actions not properly vetted in advance.



How can small businesses maximize the value of their legal team’s services?

By early and open consultation before committing fatal mistakes.



Should business partners have the same amount of equity in a company? Why or why not?

Partners can bring various levels of contribution (financial or otherwise) to the enterprise. Their equity should fairly reflect their level of contribution.



What are the top three things a small business owner should be aware of when purchasing an existing business?

Due diligence reviewing customer lists, sale records, advertising materials, and employee contracts, Determine why the business is for sale., How long have the employees been there? Are there any key employees who would be hard to replace?

 

Do you have any other essential legal guidance for startups that you haven't already included in this survey?

Every business plan should include a plan for a successful exit when it reaches full maturity.