Pre-Paid Legal Advice:

Business and Contract Law, Business Law Firm

By Welch, Gold & Siegel – Pre-Paid Legal Services, Inc., Pennsylvania

Congratulations! You have decided to start a business. Forget what the naysayers say and what your mother-in-law says too.

Here are 10 reasons why starting a business is a good idea.

1. You're unemployed or under employed; instead of competing with the hungry masses for another ho-hum job take charge and pursue that hobby or goal you've buried deep within -- just make sure you've done the research first. 
2. You're tired of punching a time clock or watching others get promoted but you have the know-how and self discipline to make it on your own.
3. In a down economy, you shouldn't have too many problems finding low cost real estate to rent or buy.
4. Starting in a down economy means by making the right decisions, you only have one direction to go-up.  You should be poised and ready for growth.
5. Lots of really good employees are unemployed which gives your business a good pool of human resources to choose from.
6. Business ownership offers tax benefits that employees are not privy to.
7. Inventory is cheaper than ever before. Go ahead and make an offer or find no money down deals.
8. You can build business credit even if you have bad business credit.
9. Be creative. Think outside the box or the bun. Buck the trend and publicity should follow.
10.  Do what you can do or excel in and hire or contract with others to do what you can't.

Business and Contract Law, Business Law Firm

Business Entity Formation and Maintenance
When starting, it's vitally important to get expert legal advice from a Pennsylvania business law firm like Welch Gold & Siegel on the formation and maintenance of your business. Consider the following questions:

• Should I start a corporation or LLC?
• Will forming a business protect my personal assets?
• What business records should I keep?
• What documents do I file with the state and federal governments?
• How do I determine tax status elections?
• Where do I obtain tax identification numbers?
• Who prepares bylaws and operating agreements?
• How do I gain shareholders?
• What is a buy-sell agreement?
• Who negotiates and drafts agreements for leases, employment, non-compete, insurance, licensing?
• What are the tips for negotiating a business lease?
• How do I negotiate and structure business acquisitions, sales, or mergers?
• How do I find out what my risk management is?

Purchase & Sale of Businesses

Are you buying an existing business? Instead of starting a business from ground zero perhaps you are buying an existing business. Don't go forth blindly no matter how good it sounds or how well you might know the seller. Read the fine print and don't sign on the dotted line until you get legal advice about the finances and physical space. There are so many ifs, ands, and buts. Do your homework and let a qualified business and contract lawyer discover the intricacies of the business, review all documents, and fine tune the negotiations. This kind of legal service will prove invaluable.

Are you selling an existing business? If you don't already have a business lawyer at your side, get one. A lawyer can assist in negotiating terms, determining suitability of buyers, preparing contracts, and help to make the transition painless.

Whether you're starting a business or looking for assistance in successfully operating your established business, Welch Gold & Siegel is able to provide business consulting on a wide range of business issues. 

Before you make your next important business decisions, call for assistance.