Startup Legal Checklist
It’s important to set up your business correctly in order to preserve liability protection and limit your exposure to lawsuits. Startup legal representation typically involves work in one or more of the following areas:
Entity Formation (e.g. C Corp, LLC, etc.)
Initial Capital Structure (Preferred Stock, Common Stock, Debt Instruments, Safe Notes, etc.)
Agreements Between and Among Founding Shareholders and Key Employees
Capitalization Table Maintenance (Carta.com, EQVista, etc.)
Post Seed Funding Rounds
Intellectual Property Protection and Agreements
Vendor Contracts and Software License
Data Privacy and HIPPAA Issues for Digital Health Clients
Social Media Policies and Procedures
It can also include helping to identify what kind of insurance your business might need (general and professional liability, directors and officers, automotive etc.) and assistance in securing such insurance.
If you’re a founder or business owner, a legal professional can help you set up your business properly. If you have already set up or begun to set up your business, a legal professional can identify and address any errors or gaps in your business' organization.
The material in this article is solely intended to provide general information. It is not intended to provide legal advice for a specific situation or to create an attorney-client relationship. We, of course, welcome the opportunity to assist you.
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