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When to Hire a Lawyer for Your New York Startup

Posted by Blaier Law LLC | Feb 12, 2019 | 0 Comments

Early in their life cycles, startups are often strapped for cash, and you may think that you can take on the legal work yourself. An experienced startup attorney is a valuable asset to your business. Blaier Law LLC understands the challenges that new startups face, and can effectively guide you through the legal process of starting a business. Some legal aspects of forming a startup are harder to navigate than others, and these are the times when you should hire a lawyer for your startup in New York.

Legal Structure

The right legal structure for your startup protects your personal assets from your business liabilities and gives you different tax benefits. You may feel overwhelmed by the choices, which include:

  • Sole Partnership/DBA
  • Limited Liability Company (LLC)
  • Limited Liability Partnership (LLP)
  • General Partnership
  • C Corporation
  • S Corporation.

Every startup is different, and each state, including New York, have different rules regulating companies; you cannot assume that one legal structure is better for your startup than another based on another startup's experience. Blaier Law LLC can tell you the pros and cons of each and help you make an informed decision.

Securities

If your startup plans on raising money in New York or the U.S. through stock options, shares of stock, or convertible notes, you need an experienced startup attorney to ensure that you remain in compliance with state and federal securities laws. These laws specify the process businesses must follow to issue or sell securities, and failure to comply with these laws can have serious consequences for your startup, including:

  • A criminal charge or civil lawsuit for securities fraud filed against your startup by the Securities and Exchange Commission (SEC) or a state agency;
  • Loss of potential investors since non-compliance makes your startup look like a risky investment; and/or
  • Investors using their "recession rights" to get their money back.

Hiring an experienced startup attorney who understands the nuances of state and federal laws is essential for maintaining your compliance.

Protecting Your Intellectual Property

Your intellectual property (IP) is extremely valuable to your startup, and it needs the proper protections to ensure that you maintain your rights to it. A copyright protects your artistic works from the moment of creation, whether they are published or unpublished. A trademark is your unique symbol, word, or phrase that connects your product or services to your company.

Obtaining a TM mark gives you exclusive rights to your mark and prevents others from using it on similar products. If you have an invention, a patent gives you exclusive rights to it. Blaier Law LLC can file for copyright or trademark protection for your business and can refer you to an experienced patent attorney.

Your Startup Attorney is an Investment in Your Future

Even though cash may be tight, hiring an experienced startup attorney is an investment in your business's future. Blaier Law LLC offers flexible pricing options, including flat-fees, to help get your startup off the ground and running. Contact us today to find out more!

About the Author

Blaier Law LLC

About Blaier Law LLC: Dream big and big things will happen; dream small and small things will happen. Our attorney is a shining example of the American story and dream. He comes from a family with over 75 years of small business ownership and experience in the Tri-State area and Israel.

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Find Out How Blaier Law LLC Can Help

Whether you need legal advice for your startup or small business, desire to protect your intellectual property, want a certain contract drafted, or need to meet the right people, Blaier Law LLC can provide cost effective legal counsel for all of your startup or small business needs. Give us a call today at 848-243-1148 or contact us online to learn how we can help you.

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