Articles Tagged with Starting a Business

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When is the Best Time to Start a Business?

During the pandemic there were over 400,000 new businesses formed, the most since 2007.  This outpaced the number of businesses which closed during the pandemic.  

We have seen a number of businesses which were formed over the past year by well-meaning and cost-conscious entrepreneurs.  These new ventures – both corporations and limited liability companies – frequently overlook some critical elements of a new business.   In fact, the first question to ask is whether you should organize as a small corporation or a limited liability company.  There are tax consequences and managment questions that should be considered in making the choice. 

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Attorneys Misty Cygan and Geo Bellas can help your get business off to a good start.

We’ve run a series of posts recently about the steps involved in launching a business.  These have covered issues like deciding what type of business you want to start and what your business model will be; putting together a business plan and identifying sources of capital investment; and naming and registering your business.

This final post will flesh out how forging a beneficial relationship with a law firm that delivers services in a punctual, professional and affordable manner is key to the endgame of getting started with your new venture.

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Are you thinking about starting a small business?

It can be an exciting and challenging endeavor, although it’s more likely to succeed if you plan ahead, take it step by step, and surround yourself with trusted, experienced advisers.  Of course, such an important endeavor – not to mention a life alternating event – requires hard work, ingenuity and more than a little legal advice.   You can start by going to our webpage on What to Ask When Staring a Business.

Keep in mind that there might never be an absolutely perfect time to start your own business – so for starters you need to take stock of your mental state and make sure you’re as ready as you will ever feel.