Verify Your Business NameEven if you think you have a unique business name, it is important to ensure no other business has rights to the name. You can also trademark your name to make sure no other business can use it if it is not already in use. This is likely the first step you will need to complete as you start up your new business.
Protect Your New VentureWill your business be an LLC or corporation? If you are unsure which is the best option for your business, consult a legal professional for advice. Either way, it's important to know the pros and cons of each type of business protection that way you can help choose the right option for yourself. If you don't have this type of protection, you may open your personal assets up to being involved in your business.
Register for a Federal Tax ID NumberA Federal Tax Identification Number can help to identify your business as a separate entity. It's essentially a social security number for your business. This is another way to distinguish your business as a separate entity than yourself, adding another layer of protection to your individual assets.
Brush Up on Employee LawEven if you don't plan on hiring many employees right away, it's important to know the ins and outs of employee law. From hiring paperwork to a wide range of documentation, you want to always protect yourself and your business by staying informed, when employees are involved. Do you have questions about this, contact your local business lawyer at the Lake of the Ozarks.
Keep Good DocumentationNo matter what decisions are being made, ensure you have a good documenting and filing system for your business. It's important to be able to locate all important documents in a timely manner when needed. This can also help protect your business in a number of ways, should an issue arise.
Now that you've hopefully learned a little more about what is legally required to start a business, you're ready to get started! From the initial paperwork to employment documents, Gibbons Law Firm can assist your business in a number of ways, especially if you are just getting started. Contact us today to set up your first consultation, and remember - your first one is always free! We look forward to helping you grow your Lake of the Ozarks business!
Remember, your initial consultation with Gibbons Law Firm is always free.
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Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049