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Ask Entrepreneur - Legal Basics For Startups

Legal Basics For Startups

When should an employer notify employees that it is not funding a SEP IRA?

Does my employer have any legal obligation to notifiy employees that the employer is NOT funding the SEP IRA? I accumulate my SEP IRA percentage over the year, ending in December: It's payable March 1...
Legal Basics For Startups

How should we structure a private investment group looking to move into other investments beyond the capital markets?

I have started a small general partnership with 13 members investing in the U.S. securities market. Going forward, members of the group would like to expand some of the group's funds into outside inve...
Legal Basics For Startups

How do I close an incorporated business that never got off the ground?

I started a business about 15 years ago. Because of sickness, I couldn't get it off the ground. I never had any revenue or inventory. Now the credit people have it listed as a current business. How do...
Legal Basics For Startups

How would I dissolve a partnership that's not "legally" a partnership?

I am 22 years old. When I was 19 I started a successful business and filed it as a sole proprietorship. Last year, I allowed an employee/friend to invest a certain dollar amount into the company. We f...
Legal Basics For Startups

Would it be legal to sell replicas at a retail store?

I'm thinking about opening up a store selling replicas and I'm wondering what legal issues I might run into.
Legal Basics For Startups

Can I get in trouble for doing jobs under the table, even though I'm underage?

I cut lawns, sell split and dried wood, make maple syrup and sell it, and do other assorted jobs. I pocket all the money. Can I get into trouble for it? Also, what could I do to turn one of these into...
Legal Basics For Startups

If I have an idea for what I believe is a new product, how do I check for previous patents?

I have an idea and a design for a new item. I've searched the web and can't find this product--but that doesn't mean it does not exist. I don't know whether I need to pay a service to check patents or...
Legal Basics For Startups

I have not yet started my business. Can I receive money from investors at this point?

A big portion of the capital-raising efforts of this business will be through investing in the stock market for growth. Is there a legal way to reinvest investors' money into the stock market without...
Legal Basics For Startups

Is a signed work order an acknowledgment of indebtedess?

A work order constitutes an agreement to perform a service. Indebtedness does not occur until the service is performed. So does a signed work order acknowledge an indebtedness?
Legal Basics For Startups

Is it legal to sell another company's products if the product is already available on the market?

I would like to start a cafe in the California area, but I want to use packaged mixes from a cafe in another state to prepare my coffee and pastries. Do I need a license or approval from the cafe to...
Legal Basics For Startups

Can I use a rented mailbox address as my legal business address?

I am starting a home-based online retail business and need to file a dba application. It asks for a legal street address, a post office or other mail-only address and then my address as owner. Can I u...


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