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GO LEGAL YOURSELF!®
Know Your Business Legal Lifecycle®
Second Edition
Kelly Bagla, Esq.
Copyright © 2021 by Kelly Bagla, Esq. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at www.wiley.com/go/permissions.
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Library of Congress Cataloging-in-Publication Data
Names: Bagla, Kelly, author.
Title: Go legal yourself! : know your business legal lifecycle / Kelly Bagla.
Description: 2nd edition. | Hoboken : Wiley, [2021] | Includes index.
Identifiers: LCCN 2020051119 (print) | LCCN 2020051120 (ebook) | ISBN 9781119745549 (hardback) | ISBN 9781119745563 (adobe pdf) | ISBN 9781119745556 (epub)
Subjects: LCSH: Small business—Law and legislation—United States.
Classification: LCC KF1659 .B34 2021 (print) | LCC KF1659 (ebook) | DDC 658.1/20973—dc23
LC record available at https://lccn.loc.gov/2020051119
LC ebook record available at https://lccn.loc.gov/2020051120
Cover Design and Art By: Kate Brand Design
They say 2020 is the year of the woman. I dedicate this book to two women who have taught me that every year is the year of the woman.
My dedications go to my loving sister-in-law, Surinder Bagla, who taught me how to love the English language, and to my loving mother-in-law, Judy Calamungi, who taught me how to love the simple things in life.
Your love and support have forever changed my life!
Foreword
If this book existed when I started my entrepreneurial career over 40 years ago when I began importing the first sheepskin boots into America, it would have saved me a lot of trouble.
The common thing all entrepreneurs share is the attitude, “I won't do that until I need it.”
Because the very nature of starting out on your own path implies you are limited in capital and all of your efforts are focused on product development, production, marketing, and deliveries, the last thing you want to do is spend money on legal fees, which can “wait until we need those services.”
I can still hear the words of my long-time lawyer: “Brian, why do you always come to me when you are in trouble? Why don't you run things by me before you start out?”
Robert Ringer wrote a hugely successful book, Winning through Intimidation, about how he kept getting left out of the deals he orchestrated in the real estate business, and the one line that resonated with me to the core was that “a DETAIL will always come back to haunt you.” I can't tell you how many times I had to “fix” a situation at great cost because, at the time, it didn't seem important to complete the legal documentation.
I still continue to get into new businesses and now the legal checklist is a standard part of getting organized, just as important as the product and marketing.
And this is where Kelly's book Go Legal Yourself® is such a great resource for every aspiring business builder. In addition to all the start-up issues, she gives you a glimpse of what you are going to need as you grow more successful. From a legal and documentation standpoint, you can be ahead of the issues and not spend a fortune in remedying
