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Legal guidance benefits those planning to form a business

| Jun 18, 2019 | Business Formation |

Omaha and other Nebraska cities welcome new businesses. Startups and new companies play a significant role in helping communities continue thriving. However, there exists no guarantee that any new business will find success.

Many of our business formation clients ask us how they can improve their odds of achieving success in their new business endeavors. Our attorneys offer as much assistance as possible, but often it takes careful planning and commitment to start and operate a booming new company. For example, instead of having an idea and immediately acting, it makes better sense to create a solid plan before doing anything else.

A business formation lawyer can help you create this plan by guiding you towards elements that will have an immediate and future impact on your endeavors. Examples of things to consider before you take action alone include the following.

Legal structure

This involves deciding how to operate your business in legal terms. Options include a partnership, sole proprietorship, a Limited Liability Company (LLC) and a corporation.

Forms and agreements

Chances are you will need at least a few solid legal documents to protect your interests. For example, if you plan to choose a partnership structure, you will need a legal agreement between you and your partners.

Employee rights

Many new businesses do not have employees at first, but sometimes, they become necessary down the road. Take steps to familiarize yourself with employment law so that you do not accidentally violate your workers’ rights, which could land you in legal trouble.

These three considerations are just a few of the things you will want to address during the business formation stage of your new endeavor. Taking the right measures early on to protect you, your ideas and your business can help you achieve the success you desire. We invite you to continue exploring our website for additional information about planning and creating your new business.