Startup Attorney Serving Akron
Your Akron-based startup or small business is your passion. So, protecting it from the unexpected is of the utmost importance. Paul Spitz of Kinetic Law is a startup attorney serving Akron, protecting your business from the legal hazards of owning and operating a startup.
Partnering with a knowledgeable startup attorney serving Akron is fundamental in owning a successful and prospering organization. Our experience, support, and guidance can help you with many of the core elements that make up your business operation. This way, you can focus on creating a lucrative and sustainable company.
What is a Startup and Small Business Attorney?
Startup attorneys, like Kinetic Law, safeguard your enterprise from unforeseen events, like being hit with a lawsuit or your business partner bailing and leaving you with a pile of business debt. Unfortunately, events like these can appear at any time and put your business in danger. Even minor legal issues can disrupt your financial equilibrium.
For example, suppose you started a beer manufacturing company and partnered with many distributors. Upon your rapid growth and success, a larger manufacturer purchased your entire conglomerate. However, as part of the buy-sell agreement, they were to use their own distributors, and contracts with your previous distributors were to be terminated. With all the hustle and bustle of the merger, you forgot to terminate your distributor contracts within the 90-days state law allots after an acquisition. Even though it was an innocent mistake, your distributors joined forces and moved forward with litigation.
A small business attorney like Kinetic law can help you ensure you have ironclad buy-sell agreements and contracts, so you don’t face legal troubles like this. Kinetic Law is a zealous small business attorney serving Akron that can aid in the identification of threats specific to your industry, so you can focus on scaling your enterprise.
Do I Need a Startup and Small Business Attorney?
From pitching new clients to finding investors to keeping employees safe, running a small business or startup puts a lot of weight on your shoulders. But, neglecting to protect your organization from risks can jeopardize the organization you’ve worked so hard to build.
Let’s say you and your best friend have decided to launch a new travel app. Because you are anxious to get started and capitalize the market, you forgot to put together a concrete founder’s agreement outlining each party’s responsibilities and what happens if you sell the business. After developing the app, your best friend decided to pursue other endeavors, and you decided to grow the user base. A year later, the user base exploded and caught the attention of a big travel company that was ready to purchase the app for a premium. Your best friend who decided to leave got word about the deal and sued you for their portion of the company even though you had built it to what it was today.
Since there was no solid founder’s agreement in place, the majority of the purchase price went to fighting the legal battle instead of being placed in your wallet. A knowledgeable startup attorney can help you avoid this situation.
As small business owners ourselves, we have some unique advantages over larger firms. We have streamlined systems in place that enable us to prioritize our clients’ needs, offer more cost-effective services, and have quicker turnaround times. We also have firsthand experience with the distinct risks to which startups and small business owners are subject.
Securing Startup Financing and How an Attorney Can Help
If you’re looking to expand your company, you may need to raise capital. There are complex federal and state laws and regulations regarding raising capital, and failure to comply can result in severe penalties.
Unfortunately, even innocent mistakes can negatively impact your financial backing and put your organization at risk. Working with a startup attorney can help you stay fully compliant with the law while securing funding.
Akron Small Business Services
Formation and governance. Your company structure should be set up to properly account for taxes, liability concerns, and securities law matters. Our formation and governance services help you create a firm foundation and comply with governmental regulations. These services include:
- State documentation filing
- LLC Operating and shareholder agreements
- Entity formation and operation
Contract drafting and negotiations. It’s imperative to fully understand liability concerns when entering a business contract. Have peace of mind knowing you are making smart business decisions with the following contract drafting and negotiation services:
- Contracts for buying and selling businesses
- Master services agreements
- Negotiating commercial leases
- Various commercial agreements
Learn More About How Our Akron Small Business Attorney Services Can Assist You
Kinetic Law is passionate about startups and small businesses. Our legal services are designed to help you establish a firm foundation for your Akron-based small business and safeguard your assets as you grow. Schedule a consultation today to get started.
Your Business Is Our Priority
Modern Law for MOdern Companies
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Serving A Range of Industries
We serve businesses in tech, e-commerce, manufacturing, consulting, and more, helping meet your unique needs.
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Hands-On Strategic Support
Work directly with our attorney for strategic guidance built to navigate challenges and move your business forward.
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Experienced Legal Advocacy
Drawing on years of working with startups and businesses, we help tackle legal needs efficiently and effectively.
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Your Partner in the Journey
We take pride in being a resource you can rely on, supporting your business goals every step of the way.