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Important Items To Be Mindful Of As A Start-Up

Ross Pitcoff Law

What is the most important thing that you should be mindful of as a start-up business?

If you know that in the future you will want to be able to secure capital from prospective investors or you may want to sell your company.

There are two words that I constantly repeat over and over again, and that is due diligence.

You always want to start your business being very mindful of what is to come in the future. What does that mean you might ask? It means that if you are starting a business with a partner, make sure you have either 1. a founder’s agreement, or 2. an LLC or corporation put in place.

Whatever it may be, get something established so that you have a limited liability and so that you can outline the roles and responsibilities of the partners. Also, with respect to these types of agreements, make sure that there is a working relationship that is feasible. In other words if you are both 50/50 owners, and you are the only two individuals on the board of directors make sure that you have a third-party person within your board of directors, that can come in and make a determination if and when the two of you are deadlocked, because when I see deadlock provisions neither party ends up winning.

To learn more about building a new business, and would like to speak with an attorney at Ross Pitcoff Law, call our office at: (646) 386-0990 or email: ross@rosspitcofflaw.com. We would be happy to assist you.

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I began my work with Ross Pitcoff over five (5) years ago that had to deal with a personal real estate matter. He now manages all of the current and future legal matters for my business. Mr. Pitcoff is absolutely...

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Ross Pitcoff is a phenomenal lawyer to work with! Mr. Pitcoff helped me not only with writing contracts for my business but also dealing with my clients as well. One (1) example of how he really knows how to support you...

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Ross Pitcoff is a rockstar when it comes to securities and cryptocurrency matters! My matter has been a very complex and sensitive one. When it comes to my matter and when dealing with a foreign cryptocurrency case, he...

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Ms. Jennifer Harrington has been an absolute pleasure to work with. Where to even begin? Ms. Harrington is considerate, thorough, and extremely knowledgeable. She took the time to understand my matter in full, while...

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Jennifer Harrington is an extremely passionate lawyer and works hard for her clients! She has been going above and beyond to meet my needs, as well as her other client’s needs as well. I highly recommend contacting Ms...

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