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A reader asks: What types of legal issues do I need to consider when starting my company and how much will it cost?

Answer: As an entrepreneur you have your work cut out for you.  There are many of legal pitfalls that you need to overcome, in addition to the day-to-day challenges. A lot, of course, will depend on the sort of business you plan on running. In general, though, there are five issues to keep in mind (detailed below). As far as cost, that’s often negotiable and many attorneys will agree to do these agreements at a reduced rate to get your business.

Business creation documents – No matter what kind of business you’re starting you’re going to have to decide on a type of corporate structure.  Some of the basic types are partnerships, limited liability companies (LLCs), and corporations.  Make sure you choose the appropriate corporate entity for your needs.

 

To read the full, original article click on this link: 4 legal pitfalls startup owners must face | VentureBeat

Author:Curtis Smolar