Columbus-based business owners, like you, work hard to build a profitable enterprise. Whether you own a software startup or landscaping company, protecting it is of the utmost importance. Kinetic Law can do just that by helping protect you and your business from the unexpected. A startup attorney serving Columbus can ensure your business establishes a strong foundation for growth that helps you avoid future financial loss. With our knowledge and support, many small businesses have turned their vision and ideas into scalable businesses.
What is a Startup Attorney?
A startup attorney ensures your small business complies with regulations, drafts clear and enforceable contracts, pinpoints risks unique to your industry, and helps avert costly litigation that could ruin your business.
Suppose you and your friends launched a new tech startup but forgot to outline the details of your business relationship. Years later, your friend decides to leave the company but is unsatisfied with the buyout amount, suing you for the equity they feel entitled to receive. Not creating a legally binding founders’ agreement can lead to costly litigation like this, hence the case with the Zuckerberg/Winklevoss Facebook litigation.
While mistakes are bound to happen, some are avoidable with the proper guidance. Thus, setting up your business the right way can help you save time and money in the future. Kinetic Law isn’t just a startup attorney—they are a partner in your startup than can help you scale your company.
Do I Need a Startup Attorney?
Small companies have legal needs vital for financial growth and sustainability. From creating a suitable business structure to partner agreements, Kinetic Law can assist you with all your legal needs.
Let’s say you own a restaurant and you’re ready to expand to more locations. In this case, you’ll need to sign a long-term commercial lease agreement with your landlord. Unfortunately, these agreements tend to favor the landlord. For example, some long-term lease agreements may include an acceleration clause, which allows the landlord to recuperate losses if you break your lease agreement. Therefore, the landlord can go after you for the rent in that given month or for the remainder of the lease agreement.
As a result, if you must shut down this new location a year before the lease expires, the landlord could sue you for the remaining rent on the lease agreement. If you’re already in a pinch due to the closure, a lawsuit could financially ruin you.
Working with a startup attorney serving Columbus can help you avoid legal disputes like this. A startup attorney will review the lease agreement terms to ensure they’re fair and protect the interest of your startup.
Keep in mind, you don’t want to work with just any startup attorney; you want to partner with someone who understands the needs and risks that small business owners face. Kinetic Law is a small business like you, and serves dozens of small businesses throughout Ohio and elsewhere. Therefore, they can provide more cost-efficient strategies and address your needs faster.
Kinetic Law: Startup Attorney Serving Columbus
Kinetic Law is a top startup attorney serving Columbus. To meet the unique needs business owners face, they offer a variety of service offerings. So, whether you own several restaurants and are ready to expand or develop websites with your spouse from the comfort of your home, we offer a wide range of services to protect your business and assets.
Columbus Startup Services
Delaware incorporation. Establishing your business structure is essential to your growth, especially if you’re a startup intending to raise capital. Venture capitalists and angel investors usually prefer investing in Delaware corporations due to predictable laws that protect their interests. Therefore, a Delaware corporation is a favorable choice for many startups. To navigate the complexities of incorporation, we offer services, including:
- Delaware Certificate of Incorporation preparation and filing
- Assignment of intellectual property
- Post-incorporation document preparation
- Founder stock agreements
- Establishment of stock option plans
Debt and equity financing. Raising capital is essential for the expansion of any startup. However, when you work with investors, you must adhere to complex state and federal securities laws and regulations. Not following these laws can destroy your small business. That’s why we offer services such as:
- Advice on debt and equity financing
- Private placement structure
- Securities law compliance
Columbus Small Business Services
Formation and governance. When deciding on a suitable business structure, you must consider tax implications, security law concerns, and liability issues. We offer foundation and governance services, including:
- LLC operating agreements
- Entity formation
- Guidance on maintaining your liability protection
Contract drafting and negotiations. Not having a startup attorney review your contracts puts your business at risk of legal disputes. To help you protect your liability, we offer drafting and negotiations services, including:
- Negotiating commercial leases and various other types of contracts
- Contracts for mergers and sales of businesses
- Master services agreements
- Various commercial agreements
Learn More About How A Startup Attorney Serving Columbus Can Assist You
Ready to learn how Kinetic Law can help protect your Columbus-based startup? Schedule a consultation with Kinetic Law today.