<p><span style="font-weight: 400;">Founders have a tendency to avoid seeking legal advice in the early stages. That is completely understandable considering the limited resources they have. However, this could lead to compliance issues down the road. </span></p> <p><span style="font-weight: 400;">From the outset, the cost of legal advice can seem really intimidating, but it is always more expensive to fix what has not been done right. Fixing legal mistakes can be significantly more expensive than being compliant. </span></p> <p><span style="font-weight: 400;">In today’s episode, we discuss five common mistakes early-stage startups make and some ways to avoid those to set your company up for compliance success.</span></p> <p><span style="font-weight: 400;">If you have any concerns about compliance, it is best to reach out to an attorney who can help you navigate this because there can be catastrophic consequences for non-compliance. </span></p> <p><span style="font-weight: 400;">Building a relationship with an attorney who's experienced in these issues can help you avoid the mistakes that most startups make because there are consequences, and they come with a hefty price. Ultimately, a good lawyer can help you strategize, mitigate risks, and help you make the most informed business decisions. </span></p> <p><strong>In this episode, you will hear:</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Relying on trust between founders instead of legal documents</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Having a clear tiebreaker when making decisions</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Failing to choose the right corporate structure</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Not respecting trade secrets and intellectual property</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Not paying your employees properly</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">What happens when privacy is not built into your startup from the beginning</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The role and value attorneys provide when it comes to startup compliance</span></li> </ul> <p><strong>Subscribe and Review</strong></p> <p><span style="font-weight: 400;">Have you subscribed to our podcast? We’d love for you to subscribe if you haven’t yet. Each week, we share authentic discussions with business leaders where they flesh out substantive issues while also getting deeper into their stories. We’ll dive into conversations on the fusion of business and humanity, success and authenticity, and the challenges of balancing life and work, in addition to regularly sharing legal updates and substantive content.</span></p> <p><span style="font-weight: 400;">We’d love it even more if you could drop a review or 5-star rating over on</span> <a href= "https://podcasts.apple.com/us/podcast/the-cgl-podcast/id1534354499?at=11lo6V&ct=podnews_podcast"> <span style="font-weight: 400;">Apple Podcasts</span></a><span style="font-weight: 400;">. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. </span></p> <p><strong>Supporting Resources:</strong></p> <p><a href="https://cgl-llp.com/"><span style= "font-weight: 400;">https://cgl-llp.com/</span></a></p> <p><span style="font-weight: 400;">Email:</span> <a href= "mailto:[email protected]"><span style= "font-weight: 400;">[email protected]</span></a><span style= "font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">Episode 027: Key IP Issues for Startups</span></p> <p><a href= "https://cgl-llp.com/podcasts/episode-027-key-ip-issues-for-startups/"> <span style= "font-weight: 400;">https://cgl-llp.com/podcasts/episode-027-key-ip-issues-for-startups/</span></a></p> <p><span style="font-weight: 400;">Episode 29: Minimum Wage Requirements </span></p> <p><a href= "https://cgl-llp.com/podcasts/episode-029-minimum-wage-requirements/"> <span style= "font-weight: 400;">https://cgl-llp.com/podcasts/episode-029-minimum-wage-requirements/</span></a></p> <p><span style="font-weight: 400;">Episode 33: ICs in California</span></p> <p><a href="https://cgl-llp.com/podcasts/cgl033/"><span style= "font-weight: 400;">https://cgl-llp.com/podcasts/cgl033/</span></a><span style="font-weight: 400;"> </span></p> <p><strong>Episode Credits</strong></p> <p><span style="font-weight: 400;">Script drafted with help from</span> <a href="http://www.obitermarketing.com"><span style= "font-weight: 400;">Obiter Marketing</span></a></p> <p><span style="font-weight: 400;">If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at</span> <a href="https://emeraldcitypro.com/"><span style= "font-weight: 400;">https://emeraldcitypro.com</span></a><span style="font-weight: 400;">.</span></p>
