The answer is simple. Startups need business law advice in order to avoid legal hiccups which would distract them from their core business. Jelakovic & Partners helps you to understand the legal requirements for your business startup, so you may work faster, better and smarter.
Below are critical aspects of business law for startups
- Legal Structure
Business law ensures that startups are structured properly, whether as sole proprietorships, partnerships, or corporations. Choosing the right business structure ensures legal compliance and protects personal assets (e.g. LLC). A solid legal foundation further supports growth of the core business, attracts investors, and ensures business longevity of a startup. - Employment Law Compliance
Drafting fair and clear intercompany regulations and employment contracts protects both employees and the business. - Business Contracts
Understanding off the shelf business contracts provided by international partners and clients may be challenging without legal assistance. Well-drafted contracts with partners and clients prevent misunderstandings and legal disputes. - Dispute Resolution Mechanisms
Establishing clear procedures for resolving conflicts between contractual parties (amicably, before court or ADR) helps minimize conflicts which may endanger business continuity. The goal is to settle disputes as speedily as possible to save time and money. - Data Privacy & Consumer Protection
Compliance with data protection laws (GDPR) is now a legal standard and avoids legal penalties.
Consumer protection minimum requirements are usually common knowledge among consumers so legal hiccups in that area do not help in business longevity of the startup. - Intellectual Property Protection
Securing trademarks, patents, and copyrights before or after hitting the market may safeguard unique ideas and brands. Nevertheless, in many situations well drafted rules about trade secret can be the best and only solution for protection against competition. - Tax Obligations
Proper legal advice ensures adequate business decisions re. tax and financial compliance. - Investor Relations
As businesses grow and evolve, the need for legal protection and guidance becomes increasingly important. Legal guidance from Jelakovic & Partners through M&A and financing ensures fair equity distribution and compliance with relevant laws.
