1. BUSINESS FORMATION & FOUNDER AGREEMENTS
Pick & Register Your Entity:
This is the vehicle you will use to run your business. Each entity has its own rules regarding limited liability, ownership, taxation, and other considerations. Consult with your attorney and accountant to pick and register the best entity for your venture. Common options include:
- Sole Proprietor, General Partnership
- LLC, S-Corp, C-Corp, Non-Profit
Draft Founder Agreements:
Detail the constitution of your business. Define ownership, power, financial distributions, dispute resolution, and other important considerations. Unless you are a sole-proprietor, you will need one of the following:
- Operating Agreement (LLC)
- Bylaws & Shareholder Agreement (Corp)
- General Partnership Agreement
2. LICENSES, PERMITS & REGULATORY COMPLIANCE
Every business needs to make a few basic filings in order to legally operate. Depending on the nature of your business, additional regulatory compliance may be necessary. Registrations and compliance may include:
- Local Business License - In the local city(ies) where you are operating.
- State Seller's Permit - If you are selling goods.
- Fictitious Business Name (DBA) - If you are "doing business as" a name different than the legal name of business entity.
- Other - Depending your industry, other licenses, permits, and regulatory compliance may be necessary (i.e. manufacturing regulation, product labels, industry compliance)
3. INTELLECTUAL PROPERTY
Identify and secure your intellectual property, including your business name, inventions, creative works, and confidential information:
- Trade Secrets
4. DAY-TO-DAY CONTRACTS
Have contract templates ready-to-go for your clients, workers, customers, and potential business partners, including:
- Services - Master service agreements / client engagement letters
- Hiring Workers - Employee agreements / independent contractor agreements
- Licensing & Distribution - Detail the terms of your business engagements
- Confidentiality - Non-disclosure agreement
5. VENTURE FINANCING
If your business needs financing, we can help you pick and navigate the right deal for your needs, including:
- Loans / Debts - Agreements for investors who are loaning your business money to be paid back, without taking any ownership interest in your company.
- Future Equity Financing - Including "Convertible Notes" and "SAFE" agreements. These financing tools allow for investors to invest money now, which may convert to ownership interest later based on a future valuation.
- Equity Purchase Agreements - These finance agreements involve the immediate purchase of common stock in your company based on its present valuation.
Ongoing legal support for your business.
BUSINESS UPKEEP & RISK MANAGEMENT
Keep up your day-to-day legal:
- Corporate Governance - Navigate corporate decisions and internal company adjustments.
- Meetings & Minutes - Maintain company records of meetings, bylaws, finances, and resolutions
- Registrations - Keep licenses, permits, and other government filings up-to-date
- Hiring Workers - Ensure you are complying with all laws when you hire unpaid interns, independent contractors, and employees.
- Contract Review - As contracts come your way, have them reviewed before signing.
- Risk Management - Periodically, and as you take new steps, review your business to identify vulnerabilities and develop solutions to minimize your risk exposure.
Conflicts happen. You may run into issues with vendors, partners, workers, or other businesses. Use professional legal services to help advise on how best to handle the dispute — whether amicably, or through more aggressive legal means, including:
- Cease and desists
- Demand letters
- Small claims court
Aligning your personal needs with your business needs.
PROTECT YOUR ASSETS WITH AN ESTATE PLAN
Ensure your business assets are well organized with a smooth transition plan in place in the event of a founder's incapacity. Setup an estate plan which can include:
- Power of Attorney
SECURE IMMIGRATION VISAS
Entrepreneurship is global. If you or your workers are not U.S. citizens, there may be visa options available. Some common entrepreneur visas include:
- E-2 VISA: Non-immigrant visa for an individual who wants to start their own business here in the U.S.
- L-1 VISA: Non-immigrant visa for an individual transferring from an overseas business to work for or establish that same business (or a subsidiary) in the U.S.
- H-1B: Non-immigrant visa for an individual being sponsored by a company/business in the U.S.
- O-1 VISA: Non-immigrant visa for an extraordinary individual.
We partner with a curated team of professionals to provide united support for entrepreneurs at Framework Collective Co.
Talk with the professionals. Build your vision with experience on your side.
- Business Plan: Make a plan for your company with a comprehensive business plan.
- Consulting: Get industry specific guidance to help you build and navigate your venture.
Work with an accountant to properly manage your accounting and tax payments. Our collective can help you:
- Bookkeeping: Keep clean books
- Finance Management: Ensure owners and workers are paid in compliance with government regulations
- Elections: Make strategic tax elections
- Tax Planning: Maximize permissible deductions
- Tax Filing: Pay all local, state, and federal taxes, including annual franchise tax
You don't just need a name - you need a brand. Build your unique brand and gain traction with the help of our team of marketers and designers. Packages include:
- Brand Starter-Kit
- Social Media
- Print Collateral
- Photography & Videography
- Branded Contracts