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What You Need to Know About Forming a Business?

Many people have an entrepreneurial spirit, and that’s a tremendous gift to have. It also means you will have a lot of responsibility when you start your own business. When you go this route, you will have to consider a lot of very critical issues to ensure your business is successful.

First and foremost, you have to make the decision to start your company. Great! But it’s not as simple as just saying “I run my own business now.” What type of business will you have? Is it a partnership? A corporation? A limited liability company? A non-profit? This first step is incredibly important, because it will dictate all of the legal setup and documentation you need to do to ensure your company is compliant with the law and properly established.

You will also want to familiarize yourself with your state’s rules, regulations and laws relating to starting (and maintaining) a company. There will be many forms, fees and tax documents that need to be completed, paid and filed.

That last point — the tax documentation — is arguably the most important. The IRS is going to be very interested in your company’s dealings, so you will want to have your affairs in order. Taxes will be an important part of your job as a business owner.

If you are having trouble establishing yourself as an entrepreneur, or if you are running into legal problems with your new business, you should consult with an attorney — which is another big step in learning how to manage your business. You will always need legal advice as a business owner.

Client Reviews

Our company and personal accounts were drained by a fraudster who impersonated our bank (one of the largest), and also hacked into our cellphone and all of our bank account information. The bank denied all responsibility even after we documented the fraud. Reports were filed with the police, FBI...

Barry C.

Julie has been an integral part of our company's success over the past 4.5 years. Her unwavering dedication and exceptional skills have made her a standout collaborator in every sense of the word. One of Julie's most remarkable qualities is her prowess in litigation. Her approach is both strategic...

Giyae L.

My business partner and I worked with Julie Bonnel-Rogers who was exceptionally knowledgeable and helped us navigate a very complicated matter with a competitor. There is no doubt in my mind that should anyone else need candid, thoughtful and informed opinions on legal matters related to your...

Samantha F.

I Am Truly Impressed. After spending a significant amount of time, money and efforts with my previous counsel at a larger law firm without getting meaningful results, I transferred my employment matter to SAC Attorneys LLP. The attorneys there were able to understand the complex situations of my...

X. Gao

They Took Time to Understand Our Technology. I am the founder of a bioinformatics start-up in the Silicon Valley and chose SAC Attorneys LLP as our corporate counsels. Their attorneys have great experience with high tech start-ups and were able to offer a highly competitive service plan while not...

Dr. Pete S.

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