Tips for managing the legal side of your start-up

Tips for managing the legal side of your start-up

You’ve drawn up your business plan, done your market research and everything is set for an exciting future, so make sure you get all the right legal advice to avoid any pitfalls. Establishing your own business is a great feeling, but it can also be a legal minefield, which is not for the uninitiated. Nobody can be their own expert in all the relevant fields of business law and using a legal firm with a proven track record will be money well spent.

First of all, you need to create the right business structure, whether as a sole trader, a partnership or a limited company. You will need Articles of Association and advice on company registration, maybe even a shareholders agreement. To lawyers who deal with these things everyday it’s all routine, and it pays to get it right first time.

Have you thought about the best way to finance your company and plan for tax? A lawyer will guide you through the tax implications of different business structures and could help negotiate a better deal on your financing arrangements. Acquiring land and property is another area where the right legal wording is essential, whether for leases, rental terms or establishing boundary lines. Employment law is a whole field in itself with many implications for your profitability and legality.

An experienced lawyer can become personally acquainted with your business and steer you through many different developments over the years as you expand. They can also point you in the right direction for specialized advice in different areas of law. Have you thought about safeguarding your brand and intellectual property? After establishing your business, it is vital that you retain the full benefits.

At DLA Piper, there are over 4000 attorneys available to you, experienced in US and international law, to make the setup process as straightforward and cost-effective as possible. COO Bob Bratt has over 30 years’ experience spanning the private and public sector and ensures that all the expertise within DLA Piper works to maximum advantage for the client. They regularly advise the biggest names in industry, including numerous Fortune 500 companies and Global 1000 companies.

There are so many aspects to consider with a start-up company, but you can hold onto all the excitement with peace of mind by getting the right professional advice. Choosing a proven law firm with wide-ranging and long experience will leave you free to excel as the entrepreneur.