Early-Stage Growth Business Lawyers in Philadelphia

Every great business started with something simple: an idea. Like a seed, that idea grew through passion, hard work, resources, and cultivation. However, new businesses are the most vulnerable during the early stages of growth and development.

Having an experienced business law attorney from Spengler & Agans on your side during this critical developmental process can set your company up for success.

Key Steps to Growing Early-Stage Businesses in Philadelphia

Unlike startups, early-stage growth companies have a proven team and product but need to focus on gaining market traction, scaling responsibly, and meeting their capital needs. We help startups grow in the following areas:

Marketing and Product Innovation

Even before you seek funding, it’s essential to show that your product or service has a place in the Philadelphia market. This means developing a strong customer base and honing your product or service for eventual scalability. Working with a corporate lawyer at this stage can help ensure you’re complying with state and federal marketing and product safety laws, especially if your business functions in the following arenas:

• Children and teens
• Finances
• Government contracting
• Healthcare/pharmaceuticals
• Food and nutrition
• Non-profit/charitable
• Pets and animals

Ensuring your services and products comply with local, state, and federal regulations during the early-growth stage can help you obtain better funding and avoid significant future liability.

Early Funding Rounds

Once you’ve gained some market traction, you’ll likely need additional funding to market and scale your business. This generally occurs in early funding rounds, such as the seed round, which is your first official attempt to secure professional equity investment. You need legal counsel at this stage to ensure you’re valuing your company correctly and protecting its future equity and shareholder rights.

Scaling Operations

The strongest trees aren’t the ones that grow quickly. Responsibly scaling operations in Philly often means starting in the Greater Philadelphia area, expanding to the Commonwealth, and then eventually stepping up your online, national, and even global services. Because every state has different corporate and tax laws, they always work with legal counsel to ensure sustainability during the growth process.

Managing Risks and Investments Under Pennsylvania Law

Pennsylvania’s corporate laws address everything from entity formation and mergers to stock options and, especially, your fiduciary duties as business owners. While tedious, compliance is key to protecting early-stage growth companies in Philly from bankrupting liabilities and ensuring long-term success. Our dedicated corporate and small business attorneys can help companies make wise investment and scaling decisions to maximize corporate value while ensuring longevity and sustainability. Discuss your growth goals with our Philadelphia legal team today.

Philly Small Business Growth Lawyers

Scale your business the right way with the experienced Philadelphia corporate growth attorneys at Spengler & Agans. Discuss how our dedicated small business team can help you build your customer base, make wise funding decisions, and responsibly manage your resources today by calling 610-778-2034 or connecting with our Philly business lawyers online.