Common Small Business Legal Mistakes

This Allbusiness.com article provides a list of common small business legal pitfalls, stating:

"Small businesses make legal mistakes all the time—some of which can be disastrous. But knowing what pitfalls to watch out for can make all the difference. Below are some of the most common.

Not Having Good Written Agreements...

Not Getting an Experienced Corporate Attorney...

Ignorance of the Law...

Basic contractual rules
How to protect your ideas and inventions (copyright, patent, trade secrets)
Major employer-employee laws
Securities laws affecting how you can raise capital for your business
Governmental regulation of your industry

Not Keeping Proper Corporate Records...

Not Clearly Documenting Partners' Rights and Responsibilities...

Starting the Business as a General Partnership Instead of a Limited Liability Entity...

Ignoring Intellectual Property Issues..."

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