Legal Steps to Take When Starting a Business

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Legal Steps to Take When Starting a Business - Bloguettes

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As an entrepreneur, you have passion and big ideas–but it’s just as important to have a roadmap for the legal aspects involved with getting your business off the ground.

Here at Bloguettes, we know how important it is to take the legal side of things into consideration from the beginning of your entrepreneurial journey. So, for our 2018 Workshop, we’re bringing in experts Laura Brooks and Brittany Neel!

As experienced law professionals, Laura and Brittany know all about the necessary legal steps to take when starting a biz and the legality of partnerships and collaborations and how to protect your content. Keep reading to get to know Laura and Brittany and get a sneak peek at what their Workshop sessions will be like!

Tell us a little bit about your background and how you got to where you are today!

Laura: I’m an AZ girl, born and raised!  I grew up in Mesa, went to ASU for undergrad and the University of San Diego for law school.  I now live in Scottsdale and love it!  I’m a corporate lawyer with a focus on buying and selling companies and startups.

Brittany: I was born just outside of Seattle, Washington, but I’ve lived in Arizona since I was 7 years old.  I have a bachelors of science in Psychology from the University of Arizona and attended law school at Arizona State University.  I currently live in downtown Phoenix (literally across the street from The Workshop venue) and work a few blocks away practicing (mostly) commercial litigation and business law.

Why is it so important for entrepreneurs to be in-the-know when it comes to the legal aspects of starting and running their business?

What you don’t know really can hurt you. Although many new businesses view lawyers as a luxury they can’t afford, in reality, a little up-front investment can pay off in a big way down the road.  It is almost always cheaper to protect yourself in the beginning than it is to fix a problem later on.  There is no time like the present to protect what you work so hard to build.

"A little up-front investment can pay off in a big way down the road."

What are some steps entrepreneurs can take in the beginning to set their business up for legal success? (like picking your company name, picking the right entity, etc.)

Setting up an entity, putting an operating or partnership agreement in place with your business partners, and having key contracts drafted are great building blocks for a new business.

Let’s talk a little bit about partnerships and collaborations. What is a partnership and a collaboration, and is there a difference?

A collaboration happens any time people work together to create something new.  A partnership happens when you formalize that collaboration, usually by putting contracts in place to govern the relationship between the partied.

What are some things you should always do to protect your content?

Depending on the type of content, there are different methods to protect what you have created.  Some of those methods include non-disclosure agreements, trade secret policies, and formal registrations for intellectual property.

Legal Steps to Take When Starting a Business - Bloguettes
Stock That Rocks

How can business owners know when it’s time to hire a lawyer?

It’s never too early to have a conversation! Often, setting up an entity is something you can do on your own. A lawyer can help put the appropriate contracts and other safeguards in place to protect you and your brand.

What are some common mistakes you’ve seen business owners make when it comes to the legal side of things?

The most common mistake we see is not preparing for the worst while things are still going well. It is much easier to plan ahead than to try and pick up the pieces when things go wrong.

Give us a sneak peek at what we can expect from your workshop!

Two awesome chicks delivering straightforward, relevant information about how to formally establish and protect your business and its products, services, and content.  

In your spare time, what can we find you doing?

Laura: Hiking, hot yoga and enjoying the AZ sunshine!

Brittany: When I’m not at work, you can almost always find me cooking and eating with friends or at a concert in one of the awesome venues downtown.

Wanna attend Laura and Brittany’s session at The Workshop? We have less than 20 tickets left, so be sure to reserve your spot before it’s too late!

The Workshop Phoenix