Another good point is to ensure you're keeping proper records and documentation of everything. If you ever need to go back and reference something, having comprehensive records can be a lifesaver.

I'd add that for online businesses, keeping up with privacy laws is super important. Consumers are getting more conscious about how their data is used.

Why bother? Just wing it! Legal stuff is so boring! 😂

Honestly, get a good lawyer and delegate all that legal mumbo jumbo. It's expensive but worth it if you wanna sleep better at night.

Don't forget the importance of Non-Disclosure Agreements (NDAs) when discussing your ideas with potential partners or investors. Also, consider looking into IP protection beyond trademarks—like patents if your startup has a unique tech component. If you have employees, employee stock option plans (ESOPs) could be important too. And definitely, make sure your business is abiding by all regulations related to your specific industry; some have very specific requirements.

Yes! And if you're planning to sell outside your country, familiarize yourself with GDPR (if you're dealing with European customers) or CCPA (for Californians). Compliance can get tricky, but it's crucial!

Absolutely nail these basics before moving forward. Also, don’t forget about setting up your cap table properly early on. Founders' agreements should also cover vesting schedules and decision-making processes. A well-structured legal foundation can save headaches down the line.

Thanks for the reminder! What's the best way to find a good lawyer for incorporation?