Go Legal Yourself!

Go Legal Yourself!
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Avoid legal pitfalls for your business from day one   A common characteristic of entrepreneurs is the attitude: “I’m not going to do that until I  absolutely  have to.” And it’s understandable why: with limited time and resources it seems logical to focus on tasks like product development, production, marketing, and delivery—the ones that get your product or service out into the marketplace. The last thing you want to do is spend money and effort on legal issues, which is why they often drop to the bottom of the pile. But this can be a costly mistake—and  Go Legal Yourself  is here to make sure it’s one you avoid.  Attorney, inventor, and businesswoman—named Top Woman Entrepreneur by  LA Dreams Magazine  in 2017—Kelly Bagla knows about doing business from both the entrepreneurial and legal sides of the fence. And in  Go Legal Yourself,  she guides you through the four key legal lifecycle phases every business experiences—and sets you up for worry-free success from day one. Establish yourself as the correct legal entity  Gather and complete the relevant documentation Protect your brand Identify and avoid common (and expensive) pitfalls Plan and manage growth, enter new markets, and keep a sharp competitive edge Wherever you are with your business, this book is your guarantee you have all your legal ducks in a row—and that no nasty legal surprises stand between you and your target: success.

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Kelly Bagla. Go Legal Yourself!

Table of Contents

Guide

Pages

GO LEGAL YOURSELF!® Know Your Business Legal Lifecycle®

Foreword

Preface

Business Legal Lifecycle®

About the Author

Introduction. Everything You Need to Know about Your Business Legal Lifecycle®

PART II Startup Phase

CHAPTER 1 What Legal Entity Should I Be?

What Is a Startup?

What Legal Entity Should I Be?

Sole Proprietorship

Partnership

Limited Liability Company

Corporation

C Corporation

S Corporation

Close Corporation

Benefit Corporation

Professional Corporation

Nonprofit Corporation

What Factors Should I Consider Before Choosing a Business Structure?

What Are Some Advantages of Incorporating?

If I Incorporate, Are My Personal Assets Protected from Lawsuits?

Key Takeaways

CHAPTER 2 What Other Documents Do I Need?

What Other Documents Do I Need?

How Do I Protect My Business from Lawsuits?

Key Takeaways

CHAPTER 3 How Do I Protect My Brand?

What Are the Benefits of Branding?

What Are the Different Types of Branding?

How Do I Protect My Brand?

How Do I Choose a Good Brand Name?

How Do I Avoid Brand Name Mistakes?

Key Takeaways

A STORY OF CAUTION FOR STARTUPS

PART II Growth Phase

CHAPTER 4 How Do I Grow My Small Business?

What Is Growth?

How Do I Grow My Business?

Can Rapid Growth Be Bad?

How Can I Measure My Business Growth?

What Tools Can I Use to Monitor My Growing Business?

Key Takeaways

CHAPTER 5 How Do I Manage My Growing Business?

How Do I Manage My Growing Business?

What Could Go Wrong?

Key Takeaways

CHAPTER 6 How Do I Get Funding for My Growing Business?

How Do I Get Funding for My Growing Business?

Equity Funding

Debt Funding

How Do I Keep Growing My Business?

Should I Continue to Protect the Brand of My Growing Business?

Key Takeaways

A STORY OF CAUTION FOR GROWTH COMPANIES

PART III Established Phase

CHAPTER 7 How Does My Business Stay Competitive?

What Is Established?

How Does My Business Stay Competitive?

How Do I Stay Focused?

Why Is a Business Plan Important?

Key Takeaways

CHAPTER 8 How Do I Enter New Markets?

How Do I Enter New Markets?

What Business LawsShould I Know?

Key Takeaways

CHAPTER 9 How Do I Retain Good People?

How Do I Retain Good People?

What Types of Employee Agreements and Policies Do I Need?

What Are Other Ways to Retain Talent?

Key Takeaways

A STORY OF CAUTION FOR ESTABLISHED COMPANIES

PART IV Exit Phase

CHAPTER 10 How Do I Exit My Business?

What Is an Exit?

How Do I Exit My Business?

Do You Want to Stay Involved in the Business?

What Are Your Financial Goals?

What Should I Know Before Exiting My Business?

When Should I Exit My Business?

Key Takeaways

CHAPTER 11 How Do I Prepare for Exit?

How Do I Prepare for Exit?

What Documents Are Needed to Sell My Business?

How Long Does It Take to Sell My Business?

Key Takeaways

CHAPTER 12 What Could Go Wrong?

What Could Go Wrong?

How Do I Minimize Risk When Selling My Business?

EXIT STRATEGY CHECKLIST

What Is Due Diligence?

DUE DILIGENCE CHECKLIST

Key Takeaways

A STORY OF CAUTION FOR EXITING COMPANIES

Conclusion

Go Legal Yourself® Products

Startup Essentials Package:

Growth Essentials Package:

About the Website

Agreement with Respect to Go Legal Yourself® Know Your Business Legal Lifecycle® 2nd Edition

Index

WILEY END USER LICENSE AGREEMENT

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Second Edition

Kelly Bagla, Esq.

.....

Corporations are used throughout the world to operate all kinds of businesses. While their exact legal status varies somewhat from jurisdiction to jurisdiction, the most important aspect of a corporation is the limited liability protection. This means that shareholders have the right to participate in profits but are not held personally liable for the company's debts.

There are several different types of corporations, including “C” Corporations, “S” Corporations, Close Corporations, Benefit Corporations, Professional Corporations, and Nonprofit Corporations. There are many differences between them and an understanding of each is required to decide which one is right for you.

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