The law of startup success
In a piece that first
appeared in Encore, solicitor Alison Eveleigh says the first thing successful start ups require is a solid legal foundation.
We may be lawyers, but we understand that reviewing legal documents can be painful, and is often the last concern of budding entrepreneurs who just want to get their product to market.
But in addition to passion, drive, talent and a great idea, any successful start up must be built on a solid legal foundation. The good news is that you don’t need to have everything in place from the beginning. As your business evolves, so too will your business practices and required contractual arrangements. But there are some things you should consider right from the start.
Structuring
First up, you need to choose a business structure. The most common are:
Thanks for the information, Alison.
For a sole trader on a tight budget, would you recommend they trade mark their logo? If so, what kind of cost would one expect to pay?