Setting up a Business
Starting a Business in Stuart FL, Port St. Lucie FL, or Jupiter FL and Hiring a Business Lawyer
Before forming a business and starting a corporation, in Stuart, FL, Port St. Lucie, FL, Jupiter FL, or anywhere in Florida, it is important for all involved to examine the goals of the business and to consider the direction, owership interests, and responsibilites of the investors and officers/members of the business and to hire a business lawyer. Usually too little time is spent in this formation process, the result of which is disagreements between shareholders, officers and/or members regarding this critical issues. For this reason, when forming a corporation/LLC, creating a partnership, setting-up a Joint Operating Agreement, or entering into any kind of mutually beneficial corporate arrangement, it is critical to consult with an attorney examine the goals and the potenial pitfalls, refine the scope of the business and to draft the Articles of Incoporation/operational agreement/Partnership Agreement which reflect those business goals. The Video is a brief discussion of these of objectives. If you have any questions. please give me a call and schedule a free consultation.
It is important to undstand that although starting a business may not appear to be very difficult. Starting and maintaining a successful business can be a very arduous and involved process. I make this statement not to discourage anyone considering starting a business, but to make sure there is an awareness. Your business lawyer may be aware of these pitfalls, but each enterprise carries its own unique circumstances. Your business attorney can advise you as to the business mechanics and structure, the potential liabilities and how to protect your assets just as your accountant can advise you as to your budget planning, finances and tax planning. It is important to get a business attorney before you create your business entity.
When you are considering stating a business in Stuart FL, Port St. Lucie FL or Jupiter FL, it is crucial that you formulate a business plan. This is not legal advice. This is basic business advice. Thomas Alva Edison said “Genius is 1% inspiration and 99% perspiration.” This is true with the creation of a successful business. If you are planning on obtaining outside capital, it is a necessity to put together a solid business plan. This takes time and effort. A solid business plan provides you with direction and goals. It gives the entrepenuer benchmarks from which to measure the success or failure of the business. Business planning is often overlooked and one of the primary reasons starting businesses fail is because of poor or no planning.
Since this what you want to create, it is important to not only know your business but to like what you are going to be doing. If you do not like what your are doing or begin a venture for the wrong reasons, it could become more of a burden than a benefit. All businesses have challenges, these challenges become less difficult if you enjoy what you are doing.
As part of standard business planning, knowing your start-up costs and making sure you are properly capitalized is critical for any start business.
Take the time to know your market. Breakdown your market know your niche and find out how to reach that niche. Get on the internet with an effective website and make sure you can reach your target market.
These are just some of the basics of starting-up a business. Again, if you need a business lawyer to help you set-up the mechanics of starting a business in Stuart FL, Port St. Lucie FL or Jupiter FL, please give me office a call or click here to go to the contact us page.