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How to Start a Business
Taking your idea or concept and
transforming it into a living, breathing
business is challenging and to many, is
an overwhelming process. The attorneys
at The Levine Law Firm, LLC take you
through each step along the way, making
it more manageable and efficient.
Contact us for experienced advice and
representation concerning your business.
You can trust the business law and
litigation attorneys at The Levine Law
Firm, LLC with an address in Fair Lawn,
and serving all of Bergen County and
Northern New Jersey.
The First Step - Money
Before you can even consider a new
business, you must know the costs
involved in purchasing an existing
business or launching a start-up. In
addition, You must consider the ongoing
costs of running and financing a
business. Once you know how much you
will need, you will then be able to
consider your financing options. You may
want to take a bank loan. You may
consider seeking venture capital or
other lending and financing options,
which may require you to include as
collateral any property already owned by
you.
Planning is Everything
Most investors will expect you to have a
detailed business plan. A well-crafted
business plan will answer these
questions:
-
What
is the nature of the business?
-
How
is this product or service different
from the competition?
-
Does
research show that there is a need
for this business?
-
How
and to whom will you market your
products or services?
-
How
will you staff the business?
-
Who
will manage the business?
-
How
will the business operations be
financed?
Create the Right Business Entity
Once you are prepared for the
business to be launched, before you
start the business, you should select the type
of business entity you will form.
The
entity you choose will effect your
tax obligations and your legal
liability. Our
attorney will work with you and your
accountant to help you decide which
business entity makes the most
sense. Some business entity options include:
- Sole proprietorship
- General partnership
- Limited partnership
- Limited liability company (LLC)
- S Corporation
- C Corporation
Selecting a Business Name
Once everything else is done, the
excitement starts to build (with
some
anxiety). You may have already
selected the perfect name for your
business.
Before you can use it, we will help
you ensure that the name is
available, and
does not infringe on the rights of
other companies, including their
rights
established by trademark or trade
names.
Depending on type, size and scope of
your business, you may be required
to
consider other issues, such as
obtaining licenses and permits,
leasing real
estate, zoning issues, insurance,
accounting procedures and employment
requirements.
For legal help in starting a
business, contact a business
attorney at The
Levine Law Firm, LLC, in Fair Lawn,
New Jersey.
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