As anyone who has been part of a technology start-up likely
knows, the founders' to-do list for ramping-up the business is
long, and there are only so many hours in the day to get through
it. However, one step that should always be given the proper time
and attention is the legal structure of the business. Below are
several of the key legal steps that most start-up tech businesses
should do either before, or as they start doing business.
Incorporate
Incorporating has many benefits for a start-up, and the most
important is likely the limitation of the shareholders'
liability from claims made against the business. Many
entrepreneurship textbooks and articles tell start-up entrepreneurs
that they can save a few dollars by incorporating without the help
of a lawyer. It's true that it may be less expensive at the
outset, but chances are the start-up will end up paying more later
to have its Articles of Incorporation amended and the corporate
structure modified. Or
