Starting my own prostitution business?
Your best bet is in Nevada. Under Nevada state law, any county with a population under 400,000, as of the last decennial census,[1] is allowed to license brothels if it so chooses.[2] Incorporated towns and cities in counties that allow prostitution may regulate the trade further or prohibit it altogether. Contrary to what many people believe, prostitution is illegal in Las Vegas. Like any business, the main idea is to make more than you spend to earn a profit. Once you have the legality of it done, the rest is simple business acumen.
Can my online startup strive without legal and business registration?
If you're asking whether or not you can run your business without setting up an entity, then the answer is yes. People run experiments all the time to test out business ideas and don't have their "experiment/idea" formally registered with the state.As Santiago stated, you'll only be able to operate this way for only a limited amount of time once the business picks up. The reasons why you'll need to set up the entity at some point is because 1) You'll need some sort of protection for you and your founders to protect your personal assets. 2) Investors aren't going to invest without an entity. 3) You won't seem serious to major partners, potential clients/customers. 4) All the liability will be on you personally if you don't incorporate at some point.I'm one of the founders over at LawTrades - come check us out whenever you're ready to get started, you won't pay an arm and a leg to incorporate.
What are the legal formalities for a startup business?
I would say the first formalities you should seek is affordable sound legal advice. I highly recommend Launch By LegalShield for affordable sound legal advice and protection for startup businesses. Click on the following link to review important legal tip for startups: 6 Legal Tips to Launch Your Business Now
What is the legal action if I start any business while I am working in a reputed MNC.?
Hi Dinesh,I'm assuming this applies to Indian Employment. Most Indian Employers utlize a standard employment format with a few details changed. Most of these Indian contracts forbid employees to start businesses of their own whether related or unrelated to the job they have been hired for.Now, I have often spoken to HR professionals and challenged the idea on the premise that buying a residence or a commercial office and givint it out on rent or lease is akin to making an additional income. The idea here is that they expect you to give them a 100% of your time and attention while being employed with them. As far as legal action goes, your contract may or may not state the action the company intends on taking if you are to breach the clause. In most cases, the clause reads 'will be subject to penal action or any such action as deemed fit by the management.' In most cases all that happens in large companies is that the employee is let off with a warning or worse, is fired. It almost never leads to legal action. That's too much of effort for something very small.What you need to worry about is the embezzlement clause which often is considered in unison with the external business / employment clause i.e. if they are to ascertain that your actions lead to a direct revenue reduction or loss on their company, they will most certainly go legal. I hope this helps.
Can my city legally deny me a business license saying its illegal when they have approved it for someone else?
Everything the city does must be authorized by the city ordinance. In this case it sounds like they are zoning ordinance, sometimes called the land use ordinance. Then you should also check the ordinance involving the issuance of business licenses. Be careful not to fall into the trap of arguing that you are being treated differently then others. A lot of factors could be at play in the other cases. Those businesses may have been created before an ordinance was amended or they may be in a different zone with different permitted uses. After you have examined all of the appropriate ordinances you should be able to make a public records request for copies of all applications, correspondence, records or business licenses for the existing business. Ultimately you may have to take your case to the courts if you find that the city has violated their own ordinances.
What are the first steps to starting up your own business?
I need to know what the initial steps are and what types of things do I need to do first? Such as taxes, insurance, business license? How do I write up a business plan to take to the bank and what should be included?
What legal documents and licenses do you need when starting up a smoothie/juice bar?
I cant find anything online about what legal licenses and documents are needed when opening up a small smoothie bar. Has anybody else opened one up before and if so how did they go about it? Any information would be greatly appreciated. Thanks, J.
How do I invest in a friend's startup? What are the legal formalities and documentation required in India?
Assuming the startup is a private limited company, the proceas and documents required:Determine the mode of investment, i. e. Loan or EquityIncase its a loan, then remember a company can take loans only from other corporates or financial institution. Incase you are an individual, you will have to be a director or a shareholder of the aame company to which you want to give loan. Incase the company is a recognized startup, then you may consider a convertible note. Assuming you can give a loam to the Company and the company can receive the loan, the Company will need a board resolution and maybe shareholders’ approval for accepting the loan. You should also enter into a loan agreement that sets out the terms of the loan. In case there is a security, additional filings will have to be made with the RoC.Incase its equity, the first decision is around valuation. Once you have decided the valuation, you will have to enter into a Share Subscription and Shareholders Agreement setting out in detail the terms of the investment and your rights in the Company. Post that the company will have to complete a few compliance requirements post which only can you invest in the company.
Startup Law: What are the consequences of breaking a business Internet contract?
It depends on the term of your agreement. In CA, worst case, you are liable for the price of the remaining 13 months plus if it is in your contract attorneys fees if they sue and win (you do not settle). I think, though, that often those agreements have a fixed termination fee, like three months worth of service. I am answering on my iPhone. Please consider the legal disclaimer attached.
Is it legally okay to start your own start-up while working for another company?
Yes. You can have a startup while working your day job—unless, you have a non-compete clause (in the same field) or some other contract situation that doesn’t allow this.Even though it’s legal, you can be at risk of losing your intellectual property if your company is in a similar field as your startup and you worked on it during your work hours. They may own the rights to research done in their labs, on their time, etc. Check your hiring agreement as well.If you are poaching customers and clients, or reaching out to them on company time or equipment, you’re at risk. Even in conditions when non-compete agreements are non-enforceable, if you end up in court because your employer thinks it is—you’ll lose that financial battle.In Edtech, former NYC teacher Jesse Olsen built the technology that became his grading platform Jumprope to fill his own needs. Other schools wanted it, so Olsen issued licenses. He quit teaching to build what had become a company after he learned of restrictions against district employees selling anywhere in the district, but was still fined $4000—that restriction lasted a year after end of employment. Other districts have similar rules.I think the key is to know your hiring agreement and act with integrity in doing your primary job well while building your business on the side. If so, your boss or company will probably even be one of your biggest fans when you roll out your startup.