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Startup legal must-dos

Don't forget your legal basics. Incorporate early to protect yourself from liabilities. Draft clear founders’ agreements, and employee contracts, and make sure you're compliant with local and international laws (especially if online). Trademark your brand before someone else does!

Submitted 5 months, 1 week ago by legalbeagle


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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.

5 months, 1 week ago by legal_eagle

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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.

5 months, 1 week ago by mature_millennial

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

5 months, 1 week ago by CheeseGrater9000

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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.

5 months, 1 week ago by legal_lazy

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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.

5 months, 1 week ago by detailsDude

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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!

5 months, 1 week ago by globetrotter123

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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.

5 months, 1 week ago by startup_veteran

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

5 months, 1 week ago by newbie_incorporator