Startup Law 101 Series – Tips From a Business Lawyer on Becoming a Founder Introduction
Posted by admin in Business Lawyer, Lawyer Tips on January 16, 2012
Why become a founder? What are some things you can do to become a successful founder?
Having worked extensively with founders as a startup business lawyer in Silicon Valley for many years now, and having built my own business as well, I have a few tips to share on these points.
Tips on Why You Should Become a Founder
Why become a founder?
1. If you succeed as a founder, you will make far more than you would as an employee. Obvious, but worth repeating.
Founders want the large upside that will come from a successful venture. The goal is very hard to achieve but the rewards can be great.
2. If you succeed as a founder, you keep more of what you earn.
As an employee, you will get hit with ever-increasing taxes on your compensation.
Forget about the rich. It is the average employee who gets soaked. You pay, say, up to a third of what you earn for federal, state, and local income taxes. Add another nearly 10% for payroll taxes. Now assume that inflation bumps you into higher tax brackets. Rates are then raised for those brackets. Then payroll tax rates go up. And the social security cap lifted. And new taxes added to fund future health benefits. You will be left with an ever-diminishing net amount from your pay. Welcome to being the employee of the future. Read the rest of this entry »
Find the Best Specialist Business Lawyer For Contracts and Other Issues
Posted by admin in Business Lawyer, Lawyer Career on January 16, 2012
When dealing with any type of business pursuits you need to be prepared for the most unexpected turns of events. Attempting to handle legal, financial or commerce related matters on your own can lead you into a quagmire of questions, decisions and explanations that you may be ill prepared to handle without assistance. This is exactly why retaining a skilled Business lawyer can be the best business decision you ever make.
There are far too many people who believe that they can negotiate contracts and business deals with a handshake or verbal agreement. Nothing could be further from the truth today. A business attorney will let you know that the corporate world is full of hidden landmines waiting to trip you up.
You should identify exactly what your goals and ideas are before you try to find the best lawyer for your team. Consider what type of business attorney is best suited for your needs. Ideally, you will be able to find an experienced and highly competent business lawyer who can double as both a defensive and offensive team player. Read the rest of this entry »