New Jersey Business Startup Attorneys
Taking a great idea and transforming it into a viable business is a challenging and complicated process. The decisions you make and the care you take upfront can have a huge impact on your business's chances for success and profitability in the years to come.
This overview of how to start a business briefly notes some of the steps in the process. For skilled advice and representation concerning your business venture, you can trust the business law and litigation attorneys at Dunn Lambert, LLC, in Paramus, New Jersey. Contact us for more information on any of the business startup issues discussed below.
What are the costs involved in purchasing an existing business or launching a startup? You must consider not only startup costs, but the ongoing costs of running a business.
Once you know how much you will need, you can explore financing options such as bank loans, venture capital or other financing options. Potential investors will want to see a detailed business plan.
The Business Plan
A well-crafted business plan will answer these questions:
- What is the nature of the business?
- How is this product or service different from the competition?
- Does research show a need for this business?
- How and to whom will you market your products or services?
- How will you staff the business?
- Who will manage the business?
- How will ongoing business operations be financed?
- What is the most advantageous type of business entity for this venture?
One of the first decisions you will make when you start a business is the type of business entity you will form. The entity you select will have an impact on your tax and liability status. Our attorneys can help you decide which type of business formation makes the most sense for you. Business entity options include:
- Sole proprietorship
- General partnership
- Limited partnership
- Limited liability company (LLC)
- S corporation
- C corporation
Your Business Name
You might have a wonderful idea for a business name, but you must be certain that the name is available and does not infringe on the trademark or trade name of another company.
Depending on type, size and scope of your business, you will need to consider many other factors such as obtaining licenses and permits, leasing real estate, zoning issues, insurance, tax matters, accounting procedures and hiring employees.
Contact Our Paramus Business Plan Lawyers Today
You don't have to face these issues alone. For legal help in starting a business, contact a business attorney at Dunn Lambert, LLC, in Paramus, New Jersey. Our lawyers represent businesses exclusively. Call us today at 201-957-0874.