Small business attorney
Forming a New Business: Corporations vs LLCs
Your startup attorney may suggest that you look at the S corporation and LLC as the two most attractive options for forming your new business. There are a number of considerations for you to keep in mind for your startup business and for you to decided on a LLC or S corporation. They generally fall into four major categories: Protecting personal assets: the business owner wants to assure that the new business’ creditors can only get at the assets of the business, not those of the individual owners; Transferring interests in the business: whatever form you have, you want to be able to transfer stock, or ownership interests in your business; Admitting new investors: you want to make sure that you have a mechanism to admit or restrict new investors in the business; Taxes: which corporate form allows you to pay the…
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Checklist for Starting a Business: So Many Things to Do So Little Time
You have designed an innovative product or developed a groundbreaking service that will change the face of your industry. You have written a business plan and just maybe you have gotten some of your friends or family to agree to invest in your new venture. You are exuding confidence that you are going to start reeling in the customers just as soon as you can open your doors for business. You are ready to start your business, but you are faced with numerous implementation challenges. This blog post provides a checklist for starting a business. You will need to address each of these issues for your startup. At first, this checklist for starting a business may seem daunting, but if you take each issue in hand and work through your contacts and business associates, you may be able to resolve these issues more quickly.…
Read moreFinding a Name for Your New Business
This blog post is devoted to the topic of choosing a name for your new company or organization. I have been in business myself and chosen names or helped to choose names for startup companies and new nonprofits. Naming a company is always the first challenge or dilemma for a new business or nonprofit. Some organizations can afford to pay the big bucks to come up with a name by employing focus groups or pollsters. If you are a startup, it is not likely that you will have the money to retain the services of a consultant just to come up with a name for your company. Take your time in choosing a name for your company. The name that you choose for your organization is going to follow you for a long time. Of course, you can change the name for your startup. But why not prevent the hassle or confusion and choose a name now…
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