The prospect of starting a new business and finally seeing your dreams become a reality can be exhilarating. However, starting a new business can be highly risky. Take adequate measures can help you minimize this risk and protect your interests. Our attorneys at The Strause Law Group have knowledge and experience in counseling new businesses through this critical time.
Selecting The Right Business Entity
Selecting the proper business entity is a crucial first step for any new business. There are different types of business entities such as sole proprietorship, general or limited partnerships, limited liability companies (LLCs), S corporations and C corporations. At The Strause Law Group, we believe our clients should enter a new business venture with their “eyes wide open.” Therefore, our attorneys counsel our clients about the benefits and limitations of each entity and advise them about which type of entity is most compatible with the business’ current and future needs.
Protecting Your Business
While the proper selection of a business entity is important in the success of your business venture, drafting the agreements that truly reflect the strategic interest an entrepreneur desires to protect and enhance is of great importance. We understand the role your “know-how” and intellectual property can play in your business and seek to adequately protect these assets from misappropriation or infringement.
With this goal in mind, Strause Law Group, PLLC, lawyers draft a broad range of documents such as noncompete/trade secret, confidentiality, vendor and employment agreements just to name a few. Equally important to startups and more seasoned businesses is The Strause Law Group‘s review and analysis of contracts offered from vendors and potential business associates. Often, clients rely on our experience to assist in negotiations to gain more advantageous contract terms. Our firm’s goal is to be a trusted partner and adviser, not only in the initial phases of the business, but also as it grows and develops.
Franchise businesses are a common way for new and serial entrepreneurs to grow their investment and business portfolio. Our franchising lawyers review all documents associated with opening a new franchise and advise our clients so they have a full appreciation of the franchiser-franchisee relationship and its obligations.
Financing Your Startup Or Ongoing Business
Success of a business is often determined by its ability to obtain sufficient capital. Our attorneys assist clients in developing and implementing a strategy to acquire sources of financing. Some of the options to raise capital are:
- Friends and family investors
- Small-business loans
- Angel investors
- Stock and stock option offerings
- Venture capital investments
Depending on the capital requirements for the startup business, the proper entity choice may have a direct impact on the financing structure.
Small business is the lifeblood of our local and state economy. Whether growing your business organically or through acquisition, rest assured that Strause Law Group, PLLC, lawyers have the capabilities and insight to add value as a member of your team.
Let Us Help
At The Strause Law Group, we are invested in the success of the individuals and businesses we represent. We tailor our representation to meet your particular needs and expectations. Drawing on our extensive experience with transactional matters, our attorneys provide sound counsel that can give your business an edge over competitors.
Please contact us online or call 502-498-8268 or 859-428-7029 to discuss any legal concerns regarding your business.