The Hardware of Technology Laws in Silicon Valley [INFOGRAPHIC]

The world of technology has changed rapidly in recent years, with many of the most exciting innovations coming right from Silicon Valley. As technology changes, so too do the laws that govern the technology industry. If you’re considering starting a new company, you’ll need a startup lawyer in San Jose to guide you through the complicated process. From venture funding to mergers and acquisitions, there are many laws that must be followed, which is why it’s wise to enlist the services of a technology lawyer. Having a solid team of experienced professionals can increase your chances of success and longevity in the competitive world of technology. Take a look at this infographic from a business law firm in San Jose to learn more about technology laws and how they relate to your business in Silicon Valley. Please share with your friends and fellow entrepreneurs.

The Hardware of Technology Laws in Silicon Valley San Jose

Tamara Pow Presenting to Santa Cruz CalCPA on May 14th

April 2015 – Tamara Pow, a Business and Real Estate Attorney in San Jose, will be speaking to the Santa Cruz CalCPA on May 14, 2015 about “Entity Selection From a Legal Perspective.” She will be focusing on choice of entity, liability protection, responsibilities and ongoing maintenance of different entities and dissolution of entities.

How a Lawyer Can Help Your Business

Often, entrepreneurs or business owners who are trying to exercise financial restraint while operating a business decide to forge ahead and make important decisions without the advice or input of a corporate attorney near San Jose. This can have unseen, long term consequences, since working with a business lawyer throughout the “life cycle” of your company—from start-up funding (if it happens to be a new business) to sale of the business or turning it over to another generation of owners—can have a significant, favorable effects on your bottom line. There is always a cost benefit analysis that the owners must make about hiring an attorney and determining when the advice of counsel is needed. However, it is often wise to bring in a trusted corporate attorney as part of the team before a crisis arises. How a Lawyer Can Help Your Business San Jose

Business and Entity Formation
One of the many ways a corporate attorney can help you is by helping you select the right business structure for your needs. Commonly, a company’s owners try to decide among an array of entity choices including C corporations, S corporations, limited liability companies (LLC), limited partnerships, or limited liability partnerships will best fit your needs. Choosing the right structure for your company is essential for laying the foundation for long-term growth, limitation of liability, investment strategies, tax minimization, and many other key objectives. A related decision is where to register the entity – California, Delaware, elsewhere? The owners’ plans for the business directly affect these decisions and may make one form of entity or domicile superior to the others.

Employment Disputes
Employment issues often prove tricky for entrepreneurs and business owners and employment law can be a particularly complex area to navigate. It is highly advisable for business owners to take a proactive stance toward employment issues. By having a corporate attorney draft employment agreements, offer letters, equity incentive plans, and severance agreements, you can reduce the risk that your company will be adversely affected when a dispute arises. Your attorney can reduce the possibility of a dispute occurring – or a claim against the company being successfully pursued by a disgruntled employee – by drafting an employee handbook, evaluation procedures and perhaps forms for conducting evaluations, employee performance improvement plans, or independent contractor agreements.

Mergers and Acquisitions
Nothing in the business sector remains static for long, and mergers and acquisitions are often vital for a company’s long-term success. An acquisition often provides an exit opportunity for the company’s shareholders, allowing them to convert their ownership of the company into cash or liquid stock. Before acquirers or target companies begin the initial negotiations, it’s essential to retain the services of a corporate attorney. Your attorney can provide referrals to other professionals you’re likely to need, such as investment bankers or business brokers, tax advisors, and accountants. If you are thinking of selling your company, your lawyer can investigate your company’s current operations and documentation, and determine those areas where existing practices create risks to shareholder value. By cleaning up missing or incomplete documentation, your lawyer can improve the efficiency of the diligence process, and resolve documentation issues. Your lawyer can also assist you in structuring the best deal for the company’s shareholders, and spotlight business and legal risks for the sellers in the deal. If you are thinking of buying another company, your attorney can assemble the deal team, organize the diligence investigation of the prospect, draft sale documentation, insure legal compliance, and perform many other essential functions to enable a smooth closing.

How to Launch a Start-Up Business Fast

It takes time and careful planning to launch a start-up business . However, with the right help, you can speed up the process and sleep better at night knowing that you have someone to go to with all of your questions – because you will have a lot of questions. Starting a new business takes more than common sense, it takes advice from others who have experience with starting businesses. Find a business law firm in San Jose and enlist the help of a start-up attorney. Let your lawyer know about your plans for your business, and learn about any necessary licensing and regulatory requirements you must fulfill. A corporate attorney can help you form the business entity that best suits your needs such as a corporation, Limited Liability Company or a limited partnership. A good attorney can also introduce you to a good accountant to keep you on track.

You can hear more about the importance of working with a corporate attorney by watching this animation. It is a bit silly, and very over-simplified, but this short presentation offers a list of some of the things you should consider when launching your start-up, from writing the business plan to developing strategies for long-term success. Keep in mind that no online video is a substitute for legal advice. For instance, the video recommends using interns to keep your costs down, but doesn’t tell you that you can get into a lot of trouble ($$$) if you don’t satisfy the minimum wage requirements. That is why it is so important to gather all of your facts, create a plan, and then run it by your business lawyer.