Gibbons Law Firm: 5 Legal Tips for Starting a Small Business

Starting a business is a big decision. You will likely dedicate your own time and money into your new venture. If you are passionate about your line of work, owning a business can be beneficial. While it takes a lot of work, you can reap the benefits of having a business. It's important to have your legal requirements in order as you start your small business. As your experienced lawyer at the Lake of the Ozarks, our firm can help ensure you are legally set to begin your venture! Take a look below for the first steps you should take as you start your business at the Lake of the Ozarks.

1) Protect the Company

As you start up your small business, you will need to decide what kind of incorporation will be needed. An LLC or Inc. can help protect you (the business owner) from being involved if the business has an issue. This helps to distinguish between the business and the owner as two separate entities.

2) Establish an Operating Agreement

An operating agreement is a document in which you outline the rights, responsibility, and contributions of the business owners. It also describes how the business will run. This important documentation can help save the business down the road from a number of potential issues.

3) Prepare all Contracts

From contracts with customers to employees to vendors, there are a number of agreements you will make with people who help you run your business. It's important to have a legal professional review all contracts and other agreements before you (or the other party) signs. This can help ensure both parties are protected as they should be in the agreement.

4) Register Your Business & Get License

A business license is required for a business to operate. Whether it's from the city, county, and/or state, it's important to have the right licenses in place as you start up your business. It can also be helpful to register your business name and get your logo trademarked. This can help ensure no other business can legally use your name and/or logo in the future.

5) Seek Legal Advice

To protect yourself as you start up your business, it's important to have a business lawyer at the Lake of the Ozarks on your side. An experienced legal professional can be your source of advice when it comes to laws and other legal documents required for your business.

Now that you know what documents and decisions are needed, you can feel confident as you start your own business. If you're in need of legal advice through this important step, contact Gibbons Law Firm today! We can help ensure you have the right documentation to protect your new business and get started on the right foot. As you get started, your initial consultation with our Lake of the Ozarks law firm is free!

Remember, your initial consultation with Gibbons Law Firm is always free.