Entrepreneurship Attorney Serving New Jersey and Pennsylvania
Entrepreneurship can be collegially defined as an act of establishing a business and businesses while developing or scaling it to generate a profit
Starting a business
Creating a concept or idea and transforming it into breathing, living business is the most challenging and, to many, is an overwhelming process.
Contact us for knowledgeable representation and advice regarding your business!
The initial step is funding
Before considering starting a new business, you must be aware of the capital costs involved in buying an existing business or trying to launch a new one. You should further contemplate the costs of financing or running a business. Once you get the idea of how much funding is required, then you will able to contemplate the financing options. You might want to take a loan from a bank. You may consider venture capital or another financing or lending option, such as crowd funding.
Planning is the key to success
Investors will always expect you to present a comprehensive business plan. A well-designed and well-crafted plan should answers these queries:
- What is the nature of your business?
- How is this service or product differ from the competition?
- Does the business fulfill a need of the general public?
- To whom and how will you showcase your services and products?
- Who will manage your business?
- How will you staff your business?
- How will the business operation be financed?
Creating the right business entity
Prior to the start of business operations, you have to select the kind of business entity you’ll form. You must select the entity carefully because it will affect your legal liability and your tax obligations. Our skillful and experienced attorney will work with you as well as your accountant to assist you in deciding which business entity is the most suitable. Here are a couple of business entity options, such as:
- Sole Proprietorship
- Limited Partnership
- General Partnership
- S Corporation
- C Corporation
Another crucial distinction to be aware of is that franchise and licensing law. Should your business be franchise or simply license its intellectual property. The distinction involves important tax and regularity requirements.
Trademark and other considerations
Once the initial planning and legal structure is complete, the excitement begins to develop with a sense of anxiety. You might have already chosen the perfect name or title for your business. Before you can utilize it, we are here to assist you in ensuring that the name you have chosen is available or does not encroach on the right of other trademarks. What sets Holdsworth Law apart from other law firms is its experience in both business law and intellectual property law. A properly utilized intellectual property portfolio is essential to grow the worth of a business and should be considered in estate matters, as well.
Contact us
Let us help you devise the perfect business strategy. You may need to think about other problems, including leasing real estate, obtaining permits and licenses, zoning issues, insurance, and employment requirements. With us, you are secure in all these areas. For assured competence for any of your business needs contact Holdsworth Law serving New Jersey and Pennsylvania