1. TOP10LEGAL MISTAKES
STARTUPS MAKE
Not involving
counsel soon
enough or
effectively
enough.
Not selecting the
appropriate type of
legal entity for the
business and
founders. Building up equity in a
brand name or logo without
first adequately clearing
and protecting it for use.
Overlooking the need to
clearly agree on and
properly document
founders’ roles
and responsibilities.
Assuming that raising
capital from friends
and family does not
invoke security laws.
Failing to develop
and implement a
comprehensive IP
strategy for the
business.
Failing to properly
structure a bonus
scheme or equity plan
for the benefit of
executives and
employees of the
company.
Non-compliance
with labor and
employment laws.
Assuming that social
media, data collection
and other online and
mobile activities can
do no harm.
Failing to properly
document funda-
mental customer,
employment and
other key third-party
relationships.
LLP? LLC?
C-CORP?
© ™
Avoid these mistakes.
Rely on Practical Law.
www.practicallawstartups.com