The gist here is that you need a lawyer. Maybe that's just my interpretation.
1. Perform due diligence
2. Make sure you lawyer up
3. Ensure you have exit strategy
4. Protect yourself
5. Protect your brand
2. Make sure you lawyer up. If the legal fees in the beginning of a business relationship don’t make you wince, then you’re doing something wrong. When you partner with other people, every aspect of the business relationship should be put down in writing -- including the goals for the company, duties and responsibilities of the partners and an exit strategy. Every sentence of a contract -- no matter how innocuous -- should be looked at by a lawyer. Since tax laws can be tricky, have your accounts receivable/payable arrangements scrutinized by an accountant.
A business startup attorney should be part of every startup's team. At The Arriola Law Firm its our goal to not just be another part of your team, but the most important part. Contact us today at (303) 840-2539 to discuss how we can help you execute your ideas.
Welcome to another pile of links. I am aiming for a mix of law, small business, tech, and occasionally something just random and interesting. Feel free to discuss any of the links in the comments or let me know what sort of links you might be interested in reading.
Entrepreneur.com - 5 of the Wackiest Fast Food Lawsuits ever filed
The McDonald's coffee lawsuit is actually more interesting than most people realize.
Ars Technica - Jury Finds CBS Infringes Podcasting Patent
That the jury found CBS infringed on this patent is disturbing (because apparently making lists is patentable these days). However, the jury awarded the plaintiff a (relatively) paltry sum, particularly compared to what the Plaintiff was seeking. Mixed results.
iO9.com - Court Determines that Bloggers are Journalists
Bloggers should definitely be treated same as journalists. In this day and age there is really no difference.
Inc.com - Businesses that Ban Bad Reviews, Congress is Coming for you
Take a look at Palmer v. Klearger as mentioned in the article. A $3,500 "fee" in retaliation for a bad review that went unpaid and ended up on a credit report. Glad to see the Court case went the right way.
Welcome to Day 1 of the Links of the Day! Along with the regular blogs, every Monday, Wednesday, and Friday I will be posting some some links that I found helpful, informative, or just plain interesting. I'd absolutely be interested in your take should you find anything posted particularly noteworthy.
Lifehacker.com - Top 10 Legal Rights Everyone Should Know About
Some good points that most of us (lawyers definitely included) don't always think about until we're on the wrong side of a legal issue. Number 1 is definitely something to keep in mind too.
Denver Biz Journal - Denver Startup Week
“Small business is the lifeblood of the American economy, with 97 percent of the population employed at a small business...” A good discussion on bank funding the small business.
Reuters - Nextel Carrier NII to seek bankruptcy
$5.8 Billion Chapter 11 filing. Impressive.
Entrepreneur.com - 5 Decisions Every Entrepreneur Must Face
Are you thinking of pursuing your dream and getting that startup off the ground? Here's a little something to think about. Then call a lawyer. It might be the most important decision you make. I could make a recommendation.
SCOTUS Blog - Monday Roundup
The Monday roundup for the SCOTUS Blog. My links keep on giving.