Starting My Own Business
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How Can I Start a Business?
Starting your own business can be both fun and challenging. Creating, operating, and owning a business can be rewarding as well as profitable. When creating a business, some important starting points are:
- Choose your structure: Many businesses start off as an LLC, as this provides various protections in terms of liability while retaining the streamlined efficiency of smaller business forms. Other common business structures include partnerships, sole proprietorships, and larger corporation-type structures.
- Compile documents: Consider what types of documents you will need to fill out and file with the government. These documents include business licenses, zoning documents, and tax applications.
- Advertising: Launching a business generally requires that you advertise and market your new business to gain customers. Consider carefully what your target market and consumer base will be.
Also, you should consider questions such as the starting size of your business, as well as future considerations regarding growth and expansion. Having a proper business plan in place can help reduce conflicts while anticipating future changes.
Common Legal Issues to Consider When Starting a Business
Starting a business can lead to certain types of legal issues. Legal conflicts and disputes can sometimes delay or prolong the start-up process. Some common legal issues associated with starting a business are:
- Business idea conflicts: Sometimes, a business idea can be “stolen” or misappropriated even before the business is launched. You should protect your business ideas using intellectual property protections such as copyrights, trademarks, patents, and non-disclosure agreements. Similarly, make sure none of your ideas will be violating work that is already protected.
- Deadlines: Some applications and forms have deadlines associated with them. Be sure to complete and file all forms and documents before they expire.
- Local violations: Certain laws may vary from state to state and even from county to county. This is especially true regarding factors such as parking, liquor licensing, noise levels, and pollution/emissions. Be sure to check with your local business bureau or with a lawyer regarding laws that are specific to your region.
- Business succession: Business succession laws regulate issues such as business termination and transferring a business to a new owner. Even during business start-up, you should already be making plans in the event of a business transfer.
What If I Have a Conflict or Dispute During a Business Start-Up?
Business conflicts can cause costly delays or even financial losses during the business start-up phase. If you encounter such difficulties, you should document the event or incidents thoroughly using short written accounts, receipts, e-mails and other correspondences, and witness testimony. In some cases you may be able to recover a damages award for losses, or obtain other remedies. Other remedies may also be available, such as an injunction or various remedies for contract violations.
Can a Lawyer Help Me With Starting My Own Business?
There may be many different legal issues and subjects to consider when starting your own business. You may need to hire a business law attorney in your area if you have any questions, inquiries, or legal issues related to business start-up procedures. Your lawyer can provide you with legal advice and research to help address your concerns. Also, if you encounter any legal conflicts and need to file a lawsuit, your lawyer can help represent you during court hearing times.
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Last Modified: 09-22-2015 10:49 AM PDT
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