What do I need to do to start my business?
Posted by Michelle Grenier on Tue, Aug 03, 2010 @ 03:07 PM
The most common question I hear from new clients is, "what do I need to do to start my business?" Here is a summary of the most common tasks for new businesses:
1. Joint Venture Agreement: Enter a joint venture agreement for all founders, that describes the duties, responsibilities and expectations of each party.
2. Establish a Separate Entity. Establish a corporation or limited liability company [LLC], to protect the personal assets of each owner of the business.
3. Open a separate bank account for the corporation or LLC and refrain from co-mingling personal funds with business funds.
4. Find out what licenses you will need for your project.
5. Make sure that your commercial lease protects your interests, not just the landlord's interests.
6. Find out if your preferred is available for use and registration and then register your trademarks with the USPTO.
7. Make sure that your website is in compliance with proper terms of use, privacy policy, copyright notices, etc.
8. Require all those privy to trade secrets, execute a comprehensive nondisclosure and confidentiality agreement.
9. Require employees and independent contractors to enter into comprehensive agreements.
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