Starting and maintaining a business is hard work. The challenges inherent in starting and running a business include finding a location, forming a corporation, purchasing or leasing the physical building, remodeling an existing building to fix your needs, satisfying any zoning requirements, obtaining necessary permits, getting insurance, screening employees, hiring employees, training employees, paying employees, firing employees, contracting with suppliers and vendors, advertising your product, communicating with customers, and dealing with lawsuits. Too often, business owners are unfamiliar with the many legal nooks and crannies where problems can hide, and, more importantly, where opportunities wait to be discovered.
From the start, one of the first tasks of business formation is to setting up your business—do you have a business plan? A strong business plan is an important part of everything from setting up a bank account to obtaining financing. Also, will your business be a corporation, a partnership, or an LLC? There are many variables that go into choosing the right “corporate form” and each business is different. These include the number of persons involved in the business, whether you will have employees, what industry you will be operating in, and potential tax consequences. If you do plan on hiring employees, do you need employee agreements, and how will you ensure compliance with local, state and federal laws? If you do need to fire an employee, how will you protect your business and yourself from any potential lawsuits? All of these matters can help determine how to best set up your business.
Our help and business formation guidance doesn’t stop once you are up and running: we help you make sure you are taking all the necessary steps to protect you and your business and comply with the necessary laws regarding filings, respecting the “corporate veil”, and preventing any fraud or white collar crime issues. This guidance helps ensure that we can anticipate your needs and help prevent problems. Getting to know not only where you are now, but where you are going.
And, of course, this helps in case problems do arise. I don’t need to spend hours getting caught up on your situation because I already know it. That means less time and money you spend, and you can get back to focusing on what matters: your life and your business.