The startup phase is your perfect chance to avoid the problems that founders often create by bungling their startups. The seasoned Colorado startup lawyers at Sequoia Legal can help you navigate the business startup minefield.Schedule FREE Consultation
If you are planning on starting a business, you are potentially entering a situation with myriad complex legal issues.
The process of starting a business is filled with legal pitfalls, many of which are invisible to anyone without very specific legal training and experience.
At Sequoia Legal, we’ve got your back. We have been with many of our business clients right from the start, meaning that our startup attorneys have seen it all. We can assist you at every stage of your emerging business.
You shouldn’t attempt to represent yourself or your company during the startup phase of your business. Every decision you make carries consequences that can unfold over months or even years. Your choice of business entity and related tax elections, for example, can carry tax consequences that could prove ruinous down the road.
The structure of your business documentation, such as a partnership agreement or an LLC agreement, could present unexpected obstacles to the addition of a new equity partner. Raising capital is bound to raise a myriad of legal issues, as will regulatory and tax compliance. There is probably not a single area of your operations that will not be affected in some way by legal issues. A small business startup lawyer can save you a multitude of headaches.
The law is more complex for some industries than for others. Regardless of your industry, however, your startup is going to face legal obstacles, challenges, and opportunities throughout its lifetime. Because of this, a business law attorney is a necessity rather than a luxury. You may, for example, need a startup company attorney for the following matters:
In addition, you may need a corporate lawyer for startup advice on various day-to-day legal matters.
If your company is just getting started, you need a law firm that works with startups that has accumulated extensive experience in various industries. Our small business startup attorneys service clients in the following industries, among others:
We offer the legal support you need to launch your startup company and achieve your business objectives.
The experienced startup attorneys at Sequoia Legal can make it happen for you and your team:
Our ultimate goal is to provide you with the maximum degree of control over your own destiny that outstanding legal services can achieve for a startup.
Many startups are tempted to delay the expense of hiring a lawyer until the company starts making money. This is a bad idea all the way around. Hiring a lawyer who specializes in startups at the earliest stages of your business can save you far more than they will cost you.
Which type of business entity you should choose depends on your business plans, your risk tolerance, and many other factors. Selecting the wrong form of business organization could mean bankruptcy, or it could mean a crushing tax burden. Consult with your attorney on the pros and cons of each form of business organization in light of your financial resources and your unique business goals.
The following startup expenses are common:
Even on a skeleton budget, you will need at least the following:
You can form an S-corp or form an LLC and ask the government to tax it as an S-corp. LLCs allow you far more structural flexibility. Remember, though, if you form an LLC and have it taxed as an S-corp, you must file an individual S-corp tax return every year.
Online startup incorporation services are not law firms, and they don’t pretend to be. When you use one of these services, you end up with a prefabricated legal structure that is not tailor-made to suit your business needs. In fact, if you seek to bring in a new member, you might even have to tear it all up and start over again. A commercial and corporate attorney can help you individualize your business structure.
Sequoia Legal found subtle legal loopholes in some of our confidentiality agreements that could have spelled disaster for our small business. Fortunately, with the help of Sequoia Legal, we were able to get these leaks plugged before they did any serious damage to our company.
Our company operates in a highly regulated industry. Sequoia Legal has been our go-to law firm for years now. I am happy to say that we have never suffered a serious regulatory noncompliance problem, and Sequoia Legal has quickly resolved the few minor problems that did arise.
Our company’s trade secret protection system was a ticking time bomb waiting to explode. Sequoia helped us revamp the system so that it complies with both state and federal law. I cannot recommend their services highly enough.
We ran into a hit on the SDN list. It turned out to be a case of mistaken identity, and Sequoia Legal helped us resolve the issue in a quick and cost-efficient manner. Very professional and knowledgeable.
A couple of years ago, our company had no compliance program to speak of, and we were barely aware of the existence of OFAC regulations. Sequoia Legal helped us get our house in order, and we have had no problems since then.
We contacted Sequoia Law after an internal audit revealed that our company had inadvertently committed two substantial OFAC violations over the past two years. We chose the path of voluntary disclosure to OFAC and received lenient penalties. Many thanks to Sequoia for their adroit handling of the matter.
We are an out-of-state company that hired Sequoia Legal to crack down on some Colorado companies that were blatantly infringing our trademarks and software copyrights. Sequoia Legal shut them down in a matter of weeks and secured generous compensation for our damages.`Sequoia Legal epitomizes professionalism.
Our previous attorney had drafted us NDAs that were so full of holes that it left unscrupulous former employees almost complete freedom to deal with our trade secrets as they wished. Sequoia Legal helped us plug those loopholes and prevent further leakage of valuable trade secrets. I can’t recommend them highly enough.
We hired Sequoia Legal to help us organize and protect our intellectual property needs. They identified problems we didn’t even know we had, and they helped us head off serious oversights that might have bankrupted our company if we hadn’t caught them in time.
Sequoia Legal has been helping us with regulatory compliance matters for years now. So far, we have not had a single complaint lodged against us by any patient or entity, and no enforcement actions have been implemented or threatened. I can’t praise them enough.
Sequoia Legal is a Denver-based business law firm for startup companies that understands the unique legal challenges faced by startups. Call us today at (303) 476-2851 or contact us online for a free consultation.
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