If you speak to any entrepreneur or small business owner , you will quickly discover that starting a business demands quite a bit of work. An idea does not turn into a company without effort.
Some budding entrepreneurs might understand how much effort is needed to create a company, but they may not be knowledgeable about the steps necessary to establish a business. Fear not though because with the help of a business attorney and some brain power, you can make a dream a reality in 3 steps! Are you a prospective business owner in Ogden? If so, read on!
Step 1: Come Up With An Idea!
If you’ve already considered starting a business then you likely have at least a general idea of what you want to do. What your next step should be though is to refine that idea. Ask yourself questions like what you want to market, and how you’re going to promote it. Is your business an idea or does it involve actual physical goods? These are things you should consider. Not sure about the legality of what you want to sell? Contact a business attorney and they can help guide you.
Step 2: Hire a Business Attorney
When starting a business, there are some legal requirements before doing so. Below are a few business legal structures that you can register under:
Sole Proprietorship
A type of business that is run and owned by one person, and there is no legal distinction between business owner and business entity.
Partnership
An arrangement between two or more parties with an agreement to cooperate to advance mutual interests in the business.
Limited Liability Company (LLC)
A business structure, specific to the United States, which entails that the owners are not personally liable for their company’s debts or liabilities.
Corporation
A company or group of individuals who are legally authorized to act as a single entity rather than a group; Corporations are legally considered “persons”.
Nonprofit
An organization that is a legal entity created for collective, public, or social benefit; A non-business entity.
Step 3: Enjoy Your Business!
Once you have established what type of entity you are registering under it’s time to get started. After you have reached out to a business attorney and gone through the necessary steps, it’s time for you to live your dreams! Give this Ogden law firm a call today and get started.
Irvine Legal provides high quality business attorney services to those in the Ogden area.
