If you’re launching a small business, you have a lot on your mind. You have to put your marketing plan in place, find leads, make sure your products or services are as great as they can be, and more. That’s why one of the most common startup mistakes is the failure to establish a strong legal structure right away. It’s important to cover your legal bases before you get too deep into growing your business, or you could find yourself in hot water down the line.
There are seven core legal documents you need to have in place to avoid trouble in the future. Articles of Incorporation will create a distinct legal entity for your business so you can avoid putting your personal savings on the line. You also need to sign an Intellectual Property assignment agreement. This could be the document that determines whether or not your startup can attract investors; it’s usually the value of your IP portfolio that investors are looking at. This document will ensure that you have complete ownership of all IP assets. There are still more legal documents you’ll need to have ready, from bylaws to non-disclosure agreements. Click the link below to learn about each and every one of them!
Read the full article here: The Top 7 Legal Documents for Every Startup
