If you are starting a business, there are a number of things you need to consider when you are in start-up mode, beyond what you might normally think of (i.e. the business name, business location, sales and marketing…etc).  From a legal perspective, here are a few things you should carefully consider:

• What form of business entity should you choose?  There are multiple entries on this blog dealing with the various types of business entity a start-up can choose from.
• If there will be multiple owners (i.e. shareholders, partners or members), how will control of the business be structured?
• How much and how often will the business owners be paid?
• How will business records be maintained?
• Will the business hire employees, independent contractors, or a mix of the two?
• What type of  / how much liability insurance will the business need?
• Will the business enter into a lease for space?  Or will it buy and develop its own real estate?
• If the business will have employees, will it provide benefits? How will the business handle payroll?
• What types of banking relationships will be necessary?
• Will the business need to raise capital?  If so, will it be through debt or private equity?
• Will any sort of license or permit be required to conduct business?

These are just a few things that should be considered?  Need help sorting through your start-up business questions?  Contact start-up business attorney Brian V Powers.

Related articles by Zemanta

• Startups: Hire Entrepreneurs, not Employees (startupprofessionals.com)
• Is a Recession the Perfect Time to Start a Business? (myventurepad.com)
• Tax Advice from a Former IRS Auditor (businessweek.com)

Related posts:

1. Starting a Business – Choosing The Type of Business to Form
2. Buy-Sell Agreements – Preserving Ownership and Control of Your Business
3. Starting a Business – Forming a Corporation
4. Starting a Business – Forming a Partnership
5. Starting a Business – Forming an LLC (Limited Liability Company)