Whether you are starting a new business, buying or selling an established business, or looking to protect or grow your current business, having the assistance of a lawyer who understands your business needs can be invaluable. I have more than twenty years experience in providing business law assistance to clients throughout Maryland.
Furthermore, as a small business owner myself, I understand the challenges your business faces during the initial formation phase, as well as ongoing operations. Get the legal assistance you need in starting your business in Carroll, Baltimore, or Howard County today:
Lay the Groundwork for a Successful Business
When forming a business, you won’t get too far without establishing a business plan that addresses your entrepreneurial goals and considers your future business needs. There are a few key components in any solid business plan:
- Cost of Operation – Determining the basic cost of operating your business will help you understand how much money is needed for you to produce the goods or services you intend to offer.
- Determine your Market – Think hard about how many people will realistically be interested in your goods or services. Determine how much people will pay for what you are offering, and compare it to the cost of operation.
- Plan for Difficulties – Understand things may not always go smoothly, especially if you are starting a business for the first time with very little experience. Become familiar with the laws and regulations surrounding local businesses. Be aware of your competition and come up with logical ways your business can be competitive as well.
Don’t be intimidated by the amount of work and expertise it takes to start and maintain a successful business and instead get help from a seasoned Maryland business These professionals will help you through the start-up process by taking care of the legal aspects and operations, explaining regulations and tax information, and providing suggestions that will benefit and strengthen your business as a whole.
Establish a Business Partnership
Although many people have been successful in starting and running a business on their own, having a business partner or reliable team of associates can help increase both the productivity and the success of your business. Consider your weaker areas of expertise and consider bringing on a partner whose skills will complement yours.
If you are planning on having a business partner, I will help you with an agreement that is fair to both of you. It is important that you both have the same understanding as to how the business will be operated, how the profits and losses will be divided, and when and how the business may be dissolved. Confirming everything in writing now will save you a lot of confusion, stress and misunderstanding in the future. Find out how I can help you in forming a solid business partnership and achieve success in legal matters today.