If you’re thinking of going into entrepreneurship, it’s not all ponies and rainbows, as it turns out—there will be significant legal fees in the real world of entrepreneurship. Prompted by the question, “What kind of legal fees will I incur in creating my own business?” Venture Beat gives a detailed, slightly depressing summary. The article covers everything, from the beginning of the process:
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 the end:
Intellectual property protection and agreements – Once you have your company up and running, protect your intellectual property through trademarks and copyrights. These will require you to work with someone who has filed a copyright or trademark in the past. This process is filled with potential risks, so a good attorney is essential
Full story at Venture Beat.
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