Starting a new business in Texas is exciting but there are 5 pitfalls we’d love for you to think through first. Do not want you to get in trouble from the beginning.
- Choosing the wrong business structure. (not everything should be an LLC)
- Forgetting about protecting any intellectual property.
- Misclassifying employees as independent contractors. (independent employees have to be –well, independent. Not under your control)
- Failing to comply with securities laws when raising capital. (this will not impact the majority of startups)
- Not have proper contracts and agreements in place. (this impacts everyone)
Each of these issues can lead to significant legal and financial consequences. By addressing these potential problems early, you can set your startup on a path to success.
Are you a Texas entrepreneur looking to launch or grow your startup?
Call us today to let us help you navigate the legal landscape and avoid costly mistakes.