Remember when you were a kid and starting your own business was as simple as getting your mom to make a pitcher of lemonade and give you some cups and a folding table? Things are significantly more complicated when you’re adult. Setting up a small business represents a significant amount of risk and takes a lot of research and planning, not to mention courage. Learning the steps that you need to take ahead of time will help keep you from making mistakes that can slow you down, or even cost you money.
As tempting as it is to jump ahead to the “fun” part, you need to do the detail work to give your new business a chance of succeeding. Start with writing down a business plan and making the important business law decisions like whether you’re going to operate as a sole proprietor, a limited liability corporation, or even an S-Corporation. From there you need to make sure you’ve done all of the investigative work, filled out all of the required forms and gotten all the appropriate permits and licenses. Doing things the right way not only gives you the best chance of success but also gives you a leg up when you’re looking for financial backing. Here are the most important steps:
Working with a business law attorney will help you with each of these elements, as well as important decisions about how you’re going to organize your business and more. Contact our office at your earliest convenience to get started on a plan that will help make your business successful.