Startup

Starting a new business is one of the most exciting things in the world. Taking something from your creativity, nurturing it, and witnessing it prosper is a tremendous experience, one that is not easily rivaled by many things in life; however, before all of the glory, you must start somewhere. The choices you face before you start will impact you for a long time to come.

You will have to make difficult decisions, all with very real consequences, encompassing an overwhelming amount of legal information. If you want to feel secure about your choice, we are here to help. With our service, you can stay focused on your business .

Name

“The most difficult part about starting a business is picking the name.” Though it may appear as a minor component, there is a lot of truth to that saying. While you may have dreamed about launching your business under a name since you were a kid, there are many complex issues which have the potential to ground your plans permanently .

Structure

Next you must determine what business structure best suits your plans. Do you know the difference between a C corporation and an S corporation? Is the tax treatment of a single-member LLC different than a multi-member LLC? While there are numerous articles floating around the internet on various forms of business entity choices, you may be confused about which entity is best for your situation. The best way and only way to be sure about what will work best for your new business is to consult a business attorney who can assess your particular needs and offer you sound advice on the choice of entity that works for your situation .

Bylaws and agreements

Our business and personal lives are filled with contracts. Sometimes they are time consuming and seemingly unnecessary, but they exist to serve a crucial purpose: to document and memorialize the rights and obligations of parties to an agreement. Without a written agreement, when the rights and obligations are disputed down the road. There is no easy way but to sort through the ambiguous and circumstantial evidence to determine what the precise agreement was made between the parties. On the other hand, with a dully executed written agreement, there is less likelihood of dispute as to the terms of any agreement. To be sure, an agreement cannot be comprehensive enough to encompass all terms and conditions, but a skilled attorney can make sure it covers the most important ones.

In the spirit of moving your business forward, you may be tempted to enter into agreements without reducing them into a written form. Doing so will expose you to enormous future risks. In practicality, most agreements seem unnecessary when things are going well — everyone understands what they agreed to, and as long as their expectation is met there is no need to refer to an actual agreement; however, when things are not doing well, or when one party’s preference changes, unnecessary stress will surely be encountered without a valid agreement in place.

Some agreements serve to protect your business interests. Without them, your business is operating without legal protection and could cost you plenty of losses down the road. Even if you can ultimately assert your rights and recover your losses, the legal expense, the stress and headache are entirely unnecessary .