Other than selling your products and services, you should address the following issues with respect to your business operations:

You are probably using advisors, either as an advisory board or on an ad hoc basis. There are several key legal issues with an advisory board that you should keep in mind.

You should make sure your corporate records, including your capitalization table, are in order.

You are likely signing contracts with third parties. Keep in mind our best practices for commercial contracts.  Landlords and other third parties may want you to sign a personal guarantee; if you have to do so, you should at least negotiate for the best guarantee you can get.  We have identified a lot of good resources for startups – we use these too.

And don’t be shy about obtaining legal assistance on these and other key areas related to keeping your business running.



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