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Make plans before opening your business to ensure it is legal

On behalf of Kadish & Associates Law Group posted in Business Formation & Transactions on Tuesday, July 25, 2017.

There are many things that you need to think about when you are starting a business. The planning phase is one that you shouldn’t try to rush. This phase includes things like deciding what type of business you will start and determining what business structure you are going to use.

We know thinking about all of these might seem overwhelming right now, but all of this is crucial when you are ready to get going. Some business owners get into such a hurry to open the doors that they forget about these basic steps.

First, make sure that you have the legal aspects of your new business ready to go. The last thing that you need when you open a new business is to find out that you aren’t operating in a legal fashion. For example, you need to make sure that you have the correct business structure to provide the protection for you and your business. You also need to make sure that your business’ name isn’t violating any laws.

Second, you need to make sure that you have an appropriate space for your business. Whether you are buying a property or leasing one, you need to make sure that the zoning is right for your needs. You also have special considerations based on the type of transaction you are using, so leases and purchases have very different points to consider.

Third, make sure that your company is ready to receive customers or clients on opening day. We can help you learn ways that you can prepare for this from a law-related stance.

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