Can a Lawyer Help with a Business Plan?
Starting a business seems simple enough…you have an idea, create a name, consider sources for funding, start writing a business plan…and then what? Suddenly you realize that there are many decisions involved, and each one of them could make or break your success. Decisions to consider when making a business plan: Type of Business Entity: Are you entering into a partnership with another person to collaborate and share responsibilities? Are you creating a Limited Liability Company (LLC) to maintain flexibility and provide protection of your personal assets? A corporation to create shares and raise capital through issuing stock? Employees: Who will work for you? How will you pay your employees? Do you need a Human Resources department? What company rules and benefits will you need to define? Finances: What taxes will you pay and what documentation will you need? How can you raise funding for your…