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Newport Beach California Legal Blog

In forming your business, minimize legal disputes from the start

Many people express interest in starting a business. From creating a new product to building an app, there is no limit to the ways you can benefit those around you through your unique concepts.

With the wealth of information readily available about your options in forming a business, getting started may be easier than ever. However, that is not to say that counsel is no longer necessary in guiding you through your business formation. Rather than waiting until a legal dispute arises, there are some things to consider as you form your business, according to James Daily’s recent article in Forbes.

How much is your time worth?

Business owners, especially new ones, often feel stressed and over-worked. You spend years coming up with your idea and what you are going to do, and you do not want to waste money hiring someone else to do tasks you can do yourself.

The problem, however, is that many business owners confuse "can" and "should." Just because you can balance your books or sort out shipments does not mean that is the best use of your time. As your business grows, so does the demand for your specific skills.

Should you talk to a consultant?

When you are at the top of your game, it can be difficult to see where you need to grow or areas you could improve. You may know all the ins and outs of what you do and the most efficient processes for production, but eventually, you reach your limit on what to do next.

While you may be able to appreciate the point of view of an outsider, business owners often have a challenging time seeing the value in hiring a consultant. Talking to a consultant, however, can help you see what might be missing to help your business get to the next level.

Learn about the country before trying to do business in the UAE

With the availability of international flights and teleconferencing capabilities, the world feels smaller than ever before. This makes connecting with others easier and increases the opportunities for forming international business deals.

The United Arab Emirates (UAE) has a booming economy, rich with oil, minerals and tourism. Additionally, cities like Dubai draw international investors and business people. Since people flock to Dubai to purchase goods at low prices, your business could thrive there. However, before you seek to develop a working relationship with a construction company or launch a fast food franchise, there are some things you should learn before doing business in the UAE.

How can you get the money you need?

When you seek venture capital, there is a high probability that you will become accustomed to receiving “no” for an answer. Although you are convinced you are presenting an incredible product or service, skilled investors understand how to evaluate the market, determine your company’s worth and assess their prospects of getting a substantial enough return on investment (ROI) to make their financial contribution, and their risk, worthwhile.

You may have plans to positively alter the course of people’s daily experience, improve farming efforts in developing countries or rival an existing startup with improvements that will blow them out of the water. However, there are many things a venture capitalist (VC) will want to know before investing in your company.

Netflix seeks dismissal of trademark lawsuit

California-based streaming service Netflix is seeking a dismissal of a trademark dispute involving the publisher of a popular interactive children's book series. The litigation stems from a case that started when a Vermont-based independent publisher claimed that one of Netflix's original shows made an unflattering reference to its popular book series. The interactive feature film has a scene where a video game designer claims his fictitious work is based on one of the books from this series.

Netflix wants the trademark lawsuit dismissed on the grounds that its reference to the work is protected artistic speech. The reference in question is to a fictitious book with the book series' title by an imaginary author. Netflix's attorneys claim the brief reference in the film "in no way" misleads viewers into thinking that the book's real publisher is connected with the fictional software company mentioned in the film.

Common ways businesses raise capital

One of the challenges that entrepreneurs in California and throughout the country face is financing their new endeavor. The good news is that there are many different ways in which this might be accomplished. For instance, it may be possible to get a grant from a private source or a government agency. Obtaining a grant instead of an investment allows a business owner to retain more equity in the organization.

Family members, friends and other close social contacts may be willing to finance a new company. While some may not like the thought of taking such a step, it is not an uncommon one. However, it is important to pay the loan back in a timely manner to prevent straining important relationships.

Soon, the public could benefit from Lyft without catching a ride

When you start a business, you might dream of taking it public. As you offer your initial public offering (IPO), your stock becomes available for those beyond your initial capital and angel investors.

The ride-sharing service, Lyft, is valued at $15.1 billion after raising $4.9 billion through 18 private capital rounds. But as Lyft gears up for its IPO this month, some analysts wonder if it is too late.

You Can Change The Way People See You And Your Business

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If you ever took a course in philosophy, perhaps you have heard of Heraclitus of Ephesus. Even if you cannot identify him, you are likely familiar with his saying that the only constant in life is change. It may be typical to want things to change as you are younger. As you get older, you might find it harder to adapt to change. However, founding partner of Daily Law Group, James Daily, recently contributed to a CNBC article on how you can recreate yourself because whether you welcome it or not, change is inevitable.

Do You Need To Grow Your Business?

Change might be difficult for you to accept or pursue. But in many cases, once you wrap your mind around the changes that are happening around you, you can use that energy to make changes within, and for, yourself. Embracing changes in your life might include recreating yourself, and that could cause others to see you differently - both in your personal life and in business.

Expanding internationally? Pay attention to immigration issues

There are many different issues to consider if you are expanding your business overseas. This may be a great opportunity, but there are a number of legal matters that you may have to look into before moving ahead.

Explore immigration laws in the country you are targeting

While there are many factors to consider during a business expansion, you will also need to explore immigration issues. From acquiring visas for business-related travel to work permits, there are all sorts of immigration topics that you will need to be aware of before booking your flight. As with all other aspects of international business, it is pivotal to approach these issues carefully.

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