Technology Commercialization

Professional Services

How should you start building professional service relationships?

While one can find templates on the internet to use for business incorporation and filing of necessary documents, it is generally advised to do this through an attorney to make sure it is done properly and completely.

 

A small, local law firm may well suit your needs, but ...


You should give strong consideration to working with a large firm experienced not only in startup issues but also in deal-making with investors, business partners, acquirers, etc. This is especially relevant for technology-based companies having significant funding needs and who are involved in scientific complexity.

Large firms will also have a broad network of colleagues who could be identified to address many of the business and legal needs you will encounter over time. If your corporate attorney isn’t part of a firm that also offers services for protection of your intellectual property, such as patenting, copyrights and trade secrets, then you might need to engage with a separate attorney for these purposes.

NOTE:  Some attorneys will also postpone invoicing their fees (except for out-of-pocket filing fees) until your first financing event.

Similarly for accountants, seek out someone that has relevant experience with start-up companies. And if you’re raising money from private investors or venture capital sources, be sure the accountant understands how to recognize these transactions in financial statements.

Prior to your engagement of local professionals, you may want to visit Startup Lawyer, a well-known blog site that provides insight and commentary on a wide range of legal and financial-related issues that startup companies typically face.  A search function on the site allows you to locate subject matter content from its archives.

About The Proof of Concept Institute, Inc.

The Proof of Concept Institute, Inc. is a California 501(c) (3) non-profit corporation, whose mission is to develop educational materials and programs for research scientists, clinicians, and engineers that will facilitate more efficient transfer of public-funded (university and federal laboratory) technology and intellectual property to the private sector, where products and services can be developed for the common good and to support U.S. global competitiveness.

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Office of Innovation & Commercialization

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Email: innovation@ucsd.edu

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