Wednesday, May 6, 2020
The Steps And Procedures A Star Up Company - 2144 Words
OVERVIEW OF INSULATING A START-UP COMPANY FROM THE HIGH RISKS AND COSTS OF CIVIL LITIGATION, SO THE START-UP CAN REMAIN IN BUSINESS This memorandum briefly summarizes the main steps and procedures a star-up company should take to protect itself from the inherent risks of insolvency, if sued. This memorandum provides general advice and may not cover a particular situation (see further information and disclaimer at the end of the memorandum). Introduction Most start-ups generally share two compatible and unfortunate characteristics: they are high-risk and resource poor. Normally, if a start-up company is sued, the start-up faces two possible scenarios. The first scenario: the start-up cannot afford to employ an effective attorney or build a compelling defense in litigation. There, the start-up likely loses and is forced into insolvency because the start-up simply does not have the financial assets to endure the situation. The second scenario: the start-up is successful in litigation, but the litigation is so expensive that the start-up is still forced to go out of business. With this basic understanding of challenges faced by start-up companies, this memorandum will set forth the strategies Highland Concerts, LLC, (ââ¬Å"HCâ⬠) can implement in order to avoid the risks posed by civil litigation to ultimately remain in business. First, the most successful and simplest approach is avoiding disputes all togetherââ¬âthis, of course, is much easier said than done. A secondShow MoreRelatedOutline Of The Sustainability Planning Process822 Words à |à 4 Pages[Immediate] A. Rationale B. Action Steps Action Steps (How will you get to where you want to be?) Responsibility (Who will make it happen?) Timeframe (When will it happen?) 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