Business Lawyers Blog
One of the first steps a Texas startup should take is to hire a knowledgeable Texas business attorney. Unfortunately, many companies view this as optional and delay until they face a lawsuit or another legal crisis. However, the ideal time to hire a business attorney is before encountering any legal issues. Structure Law Group can work with you proactively, taking the time to understand your specific needs and providing guidance to help your company avoid future legal issues.
Defining the Legal Needs of Your Business
During the startup phase, businesses must address key tasks such as choosing a business entity, filing the required paperwork with the state, and establishing internal procedures like corporate bylaws or operating agreements for an LLC. Beyond these basics, specific legal needs may arise depending on the industry and market. These can include obtaining necessary licenses, maintaining regulatory compliance, and safeguarding the business’s intellectual property.
Some of the other services that an experienced Texas business attorney can provide your company include:
- Raising Capital: A Texas business attorney understands the importance of carefully drafting funding agreements to protect founders as they seek venture capital and other outside investment.
- Emerging Technologies: In recent years a number of businesses have turned to newer platforms such as Patreon, Kickstarter, and cryptocurrency offerings to raise funds. Emerging technologies are often perceived as unregulated, making them appealing to startups. However, the reality is that these fields usually require more legal guidance due to constantly evolving laws and regulations.
- Employment Law: Many Texas startups experience rapid growth after securing their first round of funding. However, expanding from a small team of founders to a larger organization with dozens or even hundreds of employees adds the challenges of navigating federal and state labor laws. Engaging a Texas business attorney at SLG early on can help you proactively address these legal requirements and avoid potential issues as your company grows.
- Mergers & Acquisitions: Whether you are looking to acquire or be acquired, corporate transactions are one area where you absolutely need an experienced Texas business attorney. Even a seemingly simple deal requires both sides to perform due diligence and produce a significant amount of legal paperwork.
- Litigation: While no business wants to go to court, there are times when it cannot be avoided. A good Texas business attorney can handle multiple types of litigation, such as breach of contract lawsuits, partnership and shareholder disputes, and proceedings to enforce intellectual property rights.
Contact SLG Today
Hiring a Texas business attorney is one of the most important decisions you will make for your company. So it is important to take your time, do the research, and set up an initial consultation with a potential business attorney before making a final decision. Structure Law Group, LLP attorneys are a dedicated team of professionals with extensive experience advising and representing Texas businesses. If you would like to know more about our business attorneys and the services they can offer your business, contact Structure Law today at (512) 881-7500 or contact us online.