What to Ask: Incorporation and Business Operations | Charles Hutchinson, Esq.
UpCounsel attorney Charles Hutchinson explains what every startup should be asking their legal team about incorporation and business operations2 min read
How should I Organize my business?
How you organize your business has wide ranging implications from how you get paid to how you pay your taxes.
What are the Local, State, and Federal Regulations for my business?
Knowing where you have to comply with existing regulations will save you a lot of time and money later.
How can I best reduce my liability?
Reducing your liability helps to boost your bottom line.
Do I need to register my business?
Making sure you follow State and Local guidelines will save you time and money.
Do I need a business plan?
Having a business plan is the best way to ensure you stay on target and focused.
What is the best way a small business owner can protect personal wealth and assets from business risks?
The two best ways are insurance as well as how and where they organize their business.
What is the best way a small business can maximize its tax deductions?
That depends on the nature of the business and how it is organized.
What specifically are small business owners most confused about when you first meet with them?
How can quality legal services help a small business grow?
By helping to guide them through the regulations and providing them with confidence that they have support should they need it.
How can quality legal services help small businesses save money?
The less you are sued by the government and others, the more money you will save.
How can small businesses maximize the value of their legal team’s services?
By using them consistently as necessary for a business resource.
Should business partners have the same amount of equity in a company? Why or why not?
The equity should be equal, but it can come in different forms.
What are the top three things a small business owner should be aware of when purchasing an existing business?
Accurately determine the value, Find out if there are any patents, copyrights, or trademarks associated with the business, Determine why the business is for sale.
Do you have any other essential legal guidance for startups that you haven't already included in this survey?
Call me to discuss ...