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.
