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BUSINESS FORMATION & PLANNING
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Why should you spend precious resources on business planning?
- Launching a new business venture is one of the most exciting and challenging events of a career. With risks and pitfalls at every turn, the wise entrepreneur invests in up front planning so that their business is built on a solid foundation. Planning on the front end means less headaches and unexpected problems once your business is up and running - a time when you can least afford the time and expense of putting out fires.
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SERVICES PROVIDED:
- Adams Law Office, LLC (" ALO ") is committed to identifying and catering to the specific needs of each new venture. That individual focus can provide a launching pad for the success of your new business.
- ALO provides legal advice for all stages of business planning and formation. From the preparation of a business plan and entity selection, to name and entity registration and licensing, ALO is a valuable resource for individualized service.
- As the business develops, ALO 's commitment to the venture's success continues through general business counseling and contract generation and review.
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The following checklist provides a series of planning points that can help to focus the strategic formation of a new venture.
- Planning Stage
- Name Selection (check availability in-state, nationally, and online)
- Business Plan
- Entity Selection -- Sole Proprietorship , Partnership , LP , LLP , LLC , S Corporation , Corporation , Nonprofit Corporation
- Business Location (home, online, brick & mortar)
- Formation Stage
- Name Registration (state-wide, trademark)
- Entity Formation (state and Federal level)
- Licensing
- Insurance (state and professional requirements)
- Bank Account
- Financing (grants, loans, venture capital, etc.)
- Equipment
- Supplies
- Business Location (lease, purchase, zoning)
- Internet Presence (e-mail, website)
- Advertising/Marketing Stage
- Announcements (publications, personal contacts)
- Advertisements (yellow pages, other telephone books, newspapers, chambers of commerce, online, flyers, radio, TV)
- Membership in Business Associations
o Word of Mouth/Referrals
- Establishing Company Procedures & Best Practices
- Contract Generation & Review
- Filing Systems
- Computer Procedures (security, back-up)
- Accounting & Tax Planning
- Benefits Plan
- Savings/Retirement Planning (IRA, 401K)
- Deposit Procedures
- Employee Handbook (responsibilities, benefits)
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This website is designed for general information only. The information presented on this website should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.
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