You’ve finally come up with that big idea that is going to help you break away from your 9 to 5 and finally be your own boss. But owning a business comes with a lot of big decisions. Here are a few things that you have to think about before you can go out on your own and start bringing in the cash.
- What business formation will you use? – A sole proprietorship may be the simplest way to set up your business, but it isn’t always the best – especially if you want to separate your business and personal assets, so things like your house and car are not at risk if the business doesn’t succeed.
- How will you protect your intellectual property? – You’ve got a business name, a logo, a website, and even some trade secrets to give you a leg up on the competition. How will you keep your intellectual property from falling into the wrong hands, especially if you intend to have employees or freelancers working for you?
- Who will draft your business contracts and agreements? – You don’t want to get into trouble signing things that you don’t really understand, but you also don’t want to rent a place without a lease or hire someone without a contract.
A Business Attorney for Small Business Owners Like You
Pokala Law APC is here to help small business owners to navigate the pitfalls so you can focus on growing your business. From help with business formation and intellectual property protection to drafting contracts and agreements, we’re your affordable one-stop-shop for small business law. Call 1-844-695-1487 or request an appointment via our website.