New business ventures typically start with an idea, lots of excitement and seemingly countless details that must be addressed. No matter what specific challenges your startup faces, you must prioritize key legal matters to give your company a real shot at success.  

While each business is different, there several general concerns that you should address with the guidance of an experienced corporate law attorney, such as:

• Choosing the right legal entity — There are many different factors to consider when you’re deciding on whether your business should be a corporation, limited liability company, partnership or some other type of legal entity. A lawyer can explain how personal liability, taxation, reporting requirements and other aspects of running a business are treated under each option. From there, you can choose the structure that best suits your situation and needs.
• Registering your business — Once you've chosen your legal entity, you need to register it with the New York Secretary of State or the authority in another jurisdiction. The specific requirements depend on the state and the structure of your business. You will also have to ensure that your chosen business name is available and complies with applicable regulations. An experienced lawyer can guide you through this process, saving you time and helping you avoid problems that could delay your opening.
• Drafting essential documents — Certain foundational documents, such as articles of incorporation and organization, must be filed with the state. Even if you form a business entity that does not require registration, a sound operating agreement can set forth the company's purpose and operating structure. Bylaws can also establish standards for corporate governance and the resolution of critical matters.
• Protecting your intellectual property — Trademarks, copyrights, and patents protect your company’s unique ideas and creations. If your business depends on proprietary intellectual property, consult with an attorney who can ensure that you have the proper registrations in place. This way, you can reap the benefits of your work and prevent others from using what you’ve developed unless you grant permission to do so.
• Obtaining licenses and permits — Depending on your industry and location, specific licenses and permits might be required to operate legally. Failing to obtain them can result in fines and even business closure. Researching the necessary licenses for your business and staying compliant is vital.

Along with these general concerns, your business might have a variety of unique legal issues as you aim for a successful launch. Our seasoned New York attorneys at Stanford Law offer practical insight tailored to your particular needs. Please call 800-880-7036 or contact us online to schedule an appointment.