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Business Formation & Transactions Archives

4 important points to know before starting a business

The process of starting a business is more than just thinking of a cool idea and opening up shop. There are many things that you need to do before you help your first customer. You probably know the basic information like making sure you have the appropriate licensing, if applicable, and making sure that your business plan is in place, but there is more to it than this.

Business formation type is an important consideration in the plan

Forming your business is a big step. It is imperative that you have everything in order before you open the doors on the first day. For some individuals, this is a big undertaking. We know that you might not have all the answers you need about what options might become available to you, including the legal protections and benefits that you are seeking. We are here to help you evaluate the options so you can act.

Franchises can provide marked benefits for franchisees

Some entrepreneurs opt to start their business through a franchise. This type of business is one that can be very successful since you are pulling part of your business through the franchise brand. It is important that you find a franchise that works for your needs and in your area to increase your chance of having a successful business.

Many factors can impact the formation of a business

Forming a business is a big deal, but it isn't something that you can rush. You need to make sure that you are choosing the correct structure type for your company's needs and purpose. You also need to ensure that you are handling everything in a lawful manner. We are here to help you determine what you need to do to get your company up and running.

Limited liability company structure benefits some businesses

One of the biggest considerations that you have when you are starting a business is deciding what structure you will use for it. There are many different options that you have. For many people who are starting a small business, a limited liability company (LLC) is one of these.

Understand the valuation process of intellectual property

When you are selling a business, one question that will come up is the value of the company's intellectual property. This is important but it can be difficult to put a number on it that can be used in the purchasing process. You should be prepared for the process that will help someone familiar with valuation get this aspect of the business sale together.

Buying a business requires extensive consideration

The process of buying or selling a business is one that is complex. You have to make sure that you are taking the right points into account. You can't try to rush or you might miss something critical. We know that you are trying to do what is best for your investment. We are here to help you out, no matter which side of the transaction you are on.

Should your employees sign noncompete agreements?

Many business owners require all new hires to sign noncompete agreements as a condition of their employment. These contracts are legally binding agreements stating the employees shall not become competitors with their former employer after the employee leaves the company.

Reviewing transactions is necessary in business

Each transaction that is handled in the course of your business is one that can either help your business or harm your business. This means that each one needs to be handled properly and in a way that is in the best interests of the company. It is imperative that all business owners take a personal interest in how their company is handling these transactions.

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