All too often an idea never gets going because you get stuck on how to
get to the next step. Creating a business is easy, working at it and making
it a success is far more difficult.
How do I start my business?
You must decide on what you want to do and see what competition is in you business area. Sit down with a lawyer and/or an accountant to determine how much money you will need to get your new business of the ground and running. Most likely they will work with you on a business plan that maps out the different aspects of your business and financial needs.
What kind of business entity should I form?
There are numerous type of business entities, from an LLC, Close Corporation, Partnership, Sole Proprietorship to name a few. Each has their own advantages and disadvantages. Your attorney and accountant will look at your business and propose the best business type for you.
How to select a name?
You can do a national check on registered names and trademarks. You can also call your local state corporations office and check name availability.
Do I need insurance?
The safest thing anyone can do is have business insurance. It can provide you with a wide variety of coverage that can protect you and your personal assets from possible attachment in case you suffer and injury or sued for damages.
YOU SHOULD REMEMBER THE INFORMATION THAT YOU READ HERE IS GENERAL IN NATURE AND NOT MEANT TO BE A SUBSTITUTE FOR SPECIFIC LEGAL ADVICE FROM AN ATTORNEY. CONTACT TODAY FOR A FREE CONSULTATION.
