Our neighbors to the north at the University of Cincinnati are doing some interesting things. According to Entrepreneur — via the UC News — their new innovation lab has set the city up to be the next big start-up center. At The Law Firm of Droder & Miller, that automatically makes us think of the legal issues surrounding setting up new businesses.
As you know, technology and innovation often come with a fair amount of risk. If you are an entrepreneur, you do everything you can to mitigate those risks by taking precautions. You might set up a solid business plan. You might raise enough capital to keep your momentum going. And, of course, you might give some thought to the legal structure of your business.
The right legal and ownership structure could help you in many ways. It could help prevent partner disputes down the road when you hit it big. It could facilitate your exit strategy. It could shield you from unnecessary risk. It could even help you in areas as diverse as tax, compliance, licensing and employment law.
We understand that a stack of paperwork is not what most people are looking for when they get into startups. However, we believe that this is one of the most crucial steps — getting it right the first time makes everybody’s life easier. That is why we try to provide our services in the most efficient way possible to facilitate the rapid growth and innovation our clients need.
Taking some time to examine your business venture from a legal perspective could open up some interesting opportunities. Please navigate to our main site to learn more.