Protecting your new business does not always require expensive lawyer services. In the initial stages of business start-up cash may be a scarce resource that requires careful allocation. Many entrepreneurs find that their own research and, the use of a corporation service company, can help them to save funds for other pressing development costs.
For example, these are steps you can safely undertake yourself:
- Choose the right legal structure for you business…Corporation, Limited Liability Company or Partnership?
- This is a first but crucial step. Legal, tax, and financial protection are among the considerations. As complex as this appears to be, many incorporating agencies, such as Inc. Plan (USA), provide free consultations with knowledgeable professionals in the industry.
- Form a corporation or LLC and prepare the necessary incorporation forms.
- A company, of whatever type you choose, must be filed with the Secretary of State in the jurisdiction of your choice, and be in compliance with laws of that state. Expert help is available at a very reasonable cost from corporation service companies such as Inc. Plan (USA).
- Open a Corporate Bank Account.
- The documents needed to apply for a corporate bank account can be prepared by you with the help of a professional adviser. Check out Inc. Plan’s Corporate Bank Account checklist to make sure you have the documents needed to open a bank account.
- Create a trademark for your company name.
- Both state and federal trademarks can normally be filed without an attorney.
- Have your mail forwarded to a location convenient for you.
- Agencies that support the development of your business, such as Inc. Plan (USA) often offer mail forwarding services for a modest fee.
Although you can usually start your new business without hiring a lawyer, never hesitate to consult an attorney when a serious situation warrants such action for the well being of your company and yourself.
Examples of situations that would require a business lawyer include:
- Your company is the target of complaints filed or investigation by Government agencies.
- You plan to sell your company or acquire another company or its assets.
- You are sued by an employee or customer.
New businesses need to conserve capital, so avoid hiring a lawyer when you can do most of the startup legwork on your own. A shrewd business owner can often accomplish required paperwork, research the best practices for processes such as hiring employees, and apply for any necessary licenses and permits, without the help of an attorney.
A professional corporation service company can assist you through the intricacies of starting your new company. For information or a free consultation, email [email protected] or call (800) 462-4633. International clients are encouraged to call (302) 428-1200.
This document has been prepared using the best available sources. However, tax laws and interpretations of tax laws are always changing. Inc. Plan (USA) cannot guarantee or warrant the accuracy of the information contained herein. In legal and accounting matters, seek the advice of an attorney or an accountant.
