Think back to the time you had a lemonade stand, and offered up some cool refreshments to neighbors for a dime or two. Pretty simple starting up this business, with a card table, sign, lemonade, cups and a smile. Now? Not so much.
New Business Laws
Regardless of the state in which you decide to launch your new business, it is complicated, with an amazing labyrinth of rules and regulations to follow. You need expert counsel to keep you following the myriad of rules and regulations before you. That’s why we love what we do at Hackler Flynn & Associates, because we specialize in knowing exactly what you need to do to get your 2018 ‘lemonade stand’ up and running!
I’ve Got a Great Idea For My New Business: Why Do I Need a Law Firm?
Let’s Start at the Very Beginning
What kind of business is best for you? A sole proprietorship? A partnership? LLC or Corporation? The responsibilities and potential liability vary among the different types of businesses. For example, setting up one kind of business may make you personally liable for the wrongs of a partner or an employee. Imagine losing your life’s savings because of an error on someone else’s part. Our team can look at your individual situation and give you counsel on what will work best for you.
Making it Legal
Most businesses are required to register with the state in order to be legal and recognized. If you own a business that is not required to register, chances are very high that you will need to obtain a license or permit in order to legally open your doors. It is important to get it right from the start.
Crossing State Lines
Is your business planning to sell its good or services across state lines? If you are planning a multi-state business, you need to be sure you have legal counsel so that you can legally do business in another state, keeping in mind their unique rules and regulations. You must be cautious, as the protections you think you have in one state may not be transferable somewhere else.
Sign on the Dotted Line
Think about when you purchased your home. Could you believe the immense number of legal documents you had to sign? Keep in mind, there are a wide variety and number of potential contracts to sign when you open a business. Are you renting space from an owner? How about the supplies you are purchasing? Are you protected in case of a problem? Do you have partners or investors who need to be protected as well? Staying out of court, and therefore sleeping better at night, comes from doing things right from the start, and our team at Hackler Flynn & Associates will make sure you are legally covered.
Our team at Hackler Flynn & Associates believes strongly in using our experience to help you achieve your new business dreams. We know you have been putting blood, sweat and tears into your new business, and we want to be sure you are on solid legal footing when you welcome your first customer! Contact us for a free consultation.
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