As 2014 comes to a close, we at Washington Law wish you and your loved ones the happiest of holidays. The new year can be inspiring: entrepreneurs decide to start businesses, businesses decide to expand, and still other businesses plan successful exits. We leave you with these thoughts as you plan your 2015:
Starting out? Get your housekeeping in order and that means forming you business entity, obtaining the appropriate insurance, filing for intellectual property protection if you have logos or taglines, copyrighted material, or patentable inventions; and making sure you have consulting or employment agreements in place.
Expanding your business? Whether you plan to enter into a joint venture, acquire a new business unit, secure additional financing, or expand sales, make sure you you have structured and/or negotiated the appropriate agreements to manage risk and maximize return.
Planning an exit? Whether you are an attractive target or considering a merger, start thinking about appropriate partners and ensure that any due diligence of your company provides transparency and order to your business. Of course, by this time, you would have had a strong understanding about your company’s valuation.
Since it’s almost the end of 2014, predictions are in order…from these experts of course: