Business Formation And Developing Technology Startups
In recent years, our country has seen a dramatic rise in the number of technology- and IT-based businesses. In fact, new technology companies continue to form at a regular rate no matter what is happening with the economy. If you are interested in starting a technology business or you are fighting to take a business to profitability, you need experienced legal counsel to guide you through the process. NachtLaw, P.C.‘s business attorneys can help you select the proper business entity and ensure protection of your intellectual property rights. At NachtLaw, P.C., our experienced attorneys assist with the startups and continued operational needs of technology businesses. We take the time to understand your business goals and work with you to make your entrepreneurial dreams a reality.
Contact us to arrange an initial consultation with an attorney in one of our office locations in Ann Arbor, Birmingham and Traverse City. We provide legal assistance to clients throughout Michigan.
Choosing An Operational Entity
Whether you are looking to start an internet design business or another high-tech company, it is of vital importance that you select the proper business entity. Your choice will have a significant impact on which laws you will be subjected to, as well as personal and tax liabilities. With years of experience in business law and corporate formation matters, our lawyers can help you decide which business entity best suits your needs. They also provide ongoing counsel to help you remain compliant with any applicable government rules and regulations.
Taking Measures Of Protection When Forming An IT Company
When forming a technology-based business, extra legal precautions must be taken. Besides choosing an operational entity, developing partnership agreements and drafting employee handbooks, it is imperative to:
- Draft comprehensive legal documents that clearly outline who owns the intellectual property used by the business, work-for-hire agreements and other employment contracts
- Develop noncompete agreements and policies regarding trade secrets
Clearly defining expectations surrounding intellectual property from the very beginning can help prevent costly legal action further down the road.
Contact NachtLaw, P.C.
When you are ready to put your technology ideas into action, don’t hesitate to contact us to discuss business formation.