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How to Start Your Own Business, Part 4: Raising Money

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As every person with a great idea knows, you need money to get your idea off of the ground — to make your business idea a reality.  We understand that raising money can be difficult, especially in a tough economy.  However, there are always investors willing to put their money into the next big thing — you just need to find them.  We can help.

It is important to consider all available resources when you are looking to raise money to build your small business.  It might take up to 6 months to find investors, so do not despair.  The internet can be a great resource for potential funding.  Many networking groups are listed online, it might be useful for you to join a networking group devoted to entrepreneurs and small businesses.  Also, many local organizations are devoted to assisting go-getters like yourself.  Reach out to these groups to see if they would be interested in meeting with you. If you have followed our first 3 steps, chances are, they will.

No one ever said starting your own business was easy, but the reward can be great — so go for it!  An experienced business law or start up attorney can help you put together your materials so that you can feel confident and secure when you ask potential investors for money.  These investors want to be certain that you are serious and have a solid plan.  Showing up with or working hand in hand with an experienced small business attorney will show potential investors that you mean BUSINESS!

Call or contact the experienced start up lawyers at Foresight Legal Group today!

How To Start Your Own Business Part 3: Your Website

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You’re interested in starting your own business, becoming your own boss — good for you!  By now, as a regular reader of our blog, you know how to write a stellar business plan and have talked to an experienced small business attorney to determine which legal structure is right for your business. What’s your next step?  Simple: create a website for your small business!

In today’s web-based world, the website of your company has become the place where your potential clients get their first impression of your company.  As an online law firm, we understand the importance of a user-friendly, clean website that provides just the right amount of information. It’s crucial that a potential client’s Google search of your business pulls up an awesome, memorable website.

How you want your website to look will, of course, depend on your business.  A retail business will look different from a law firm or a tech company. You might want to consider hiring a website developer to put your idea into action and help you create the perfect website for your small business. Alternatively, there are lots of great free and/or inexpensive templates that you can download online if you’d like to do the work yourself.

As always, if you have any legal questions regarding your great new business call the knowledgeable small business attorneys at Foresight Legal Group today!

How To Start Your Own Business – Part 2, Legal Structure

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Hopefully you were inspired by our post last week, which encouraged you to start your own business!  You’ve probably been hard at work all week, perfecting your idea so that when you reached out to your small business attorney he was able to help you write your amazing business plan!  The very plan that inspired every bank to give you that small business loan you needed to get your idea into action.  Now that you have a business plan and funding, you need to decide which type of legal structure is best for your business.

If you haven’t reached out to an experienced small business or start up attorney, now is the time.  Making the decision about whether to form an LLC, S-Corp, or C-Corp is a very important one involving monetary commitments, tax deductions, and potential personal liability.  The first issue you will have to address is whether you want your company to pay taxes on profits before they are distributed to owners or you want the profits to flow straight through to the owners’ individual tax returns.  This is an important decision that an experienced small business attorney can help you answer, based on what is best for your business.

While making the decision about whether to form an LLC, S-Corp, or C-Corp isn’t an easy one, with the help of a knowledgeable start up attorney it doesn’t have to be a hard one.  And most importantly, by understanding the pros and cons of each legal structure (including the tax consequences of your decision), you will comfortable knowing that your small business and your hard-earned money is protected.

For more information about the LLC’s, S-Corps, and C-Corps, click here.  Or you can send an instant message to the knowledgeable small business lawyers at Foresight Legal Group here.  Foresight Legal Group — we make the law affordable.