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Entrepreneur101 - Legal
This section addresses some of the
legal issues that you may run into in the process of getting
your company going. It is recommended that you use the services
of an attorney rather than try to handle all your legal issues
yourself. There are several firms in the North Texas area
that have lots of experience with start up technology companies.
Their guidance usually proves to be of great value.
Follow the links to obtain some general information on the
individual subjects, suggested reading, education references,
example law firms, etc.
General Legal Assistance can be found at the following links:
AOL's List of Legal Aids
BusinessLaw.Gov
IRS Laws for Small Business
Law & Legal Aid Resources
National Associations:
- American Bar Association
- American Arbitration Association
- American Association of Law Libraries
- American Law Institute
- Association of Federal Defense Attorneys
- Association of Trial Lawyers of America
- Christian Legal Society
- Federal Bar Association
- Inter-American Bar Association
- National Center for State Courts
- National Health Lawyers Association
- National Organization of Bar Counsel
- National Right to Work Legal Defense Foundation, Inc.
- Native American Bar Association
- Practising Law Institute
North Texas Law Firms
The following is a partial list of law firms in the North
Texas area that have specialties in areas that are relevant
to early stage technology companies. This is not an endorsement
of these firms and the user is urged to do independent research
to determine a firm that suits a particular need.
A general locator for law firms is provided by
UNT.
Name Registration
If you are operating your business as a sole proprietorship or under a name
other than the legal name of the entity (a Doing Business As), you will need to file an assumed
name certificate in each of the Texas counties in which you operate your business.
Registering as a DBA (Doing
Business As) is, of course, much simpler than incorporating,
but it is still important to do it right.
Information on registering and using assumed names is available for
Dallas County
and Collin County.
Incorporating
This section provides some guidance on when you should consider
incorporating and how to do it when you decide to. General
information on incorporating can be found on
Yahoo Small Business.
A great overview of the benefits of incorporating, why
Delaware is a good place to incorporate, and even an online incorporation submission is provided by
American Incorporators Limited
and Registered Agents Ltd. .
Of course, you can also do it all yourself, or use a law firm. The advantage of using
a law firm is that they can council you on other aspects of
your business which may result in a more complete structure.
Legal Structures
There are many ways for your company to exist. Some of these
are:
A brief description of each is provided by AIL Corp..
SEC Considerations
If your exit strategy includes going public there are some
things you will want to do early on to make the initial public
offering (IPO) go more smoothly. Most of these issues revolve
around company stock of course but it is wise to consider
any SEC related implication in all your important business
decisions. A good early stage oriented law firm (see North
Texas Law Firms) can advise you in these matters.
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