So you’ve decided to start your own business? Congratulations! This is a big step for you, both personally and professionally. While it can be euphoric to make such a decision, there is a lot of work that needs to be done to ensure that your business is a success and that it is legally protected.
As a new business, you are inherently going to be a small company without much initial support. You need legal help to ensure that all of the tiny details and important procedural steps are taken to protect you company. How will you deal with legal disputes you may have with other companies? Are you agreeing to deals and transactions with other companies? How will you tie up the legal loose-ends in those cases?
Those are just a few of the broader questions that you need to answer. There are other specifics you need to iron out. Have you protected your ideas and intellectual property? Have you written up employment contracts and business contracts to get your company off the ground? What about succession plans? Have you thought about your business in relation to your estate plan?
To put it lightly, there are a lot of matters that you need to discuss and act on to ensure that your company is not only successful, but is prepared for all the potential hurdles and issues that come down the line. If you are in need of help forming, establishing and protecting your business, consult with the experienced attorneys at McCoy Fatula.