Posted on 02/22/2016 9:32:52 AM PST by Alberta's Child
Your most stalwart boosters and friends will be others in business, including plumbers, delivery services and the kid at the office supply store. Nurture these relationships.
Never trust a lawyer. If you must soil your hands with one, outline, in excrutiating detail, what you expect the lawyer to accomplish. Tell the snake exactly what you will spend for his services. And if he spends a penny more, it can only be done with your written approval.
GET IT ALL IN WRITING. Make the shyster sign it.
Save every correspondence and stamp it with the time and date. Record everything. Throw nothing out dealing with your relationship with the snake, including restaurant receipts, matchbook covers and napkins from lounges.
Good luck.
Talk to a business attorney. They will advise you about the pros and cons of various forms of organizing, LLC, S-Corp, etc. State laws regarding LLC’s vary and the ownership of the LLC can have tax implications (one individual, multiple individuals, a corporation, some combination). They’ll also help with your articles of organization and registering with the state. They can help draft contracts. A solid contract template is key. You need to protect yourself to the greatest extent possible. It might be worthwhile to go through several iterations and work with several attorneys when developing the base contract template.
You’ll also need to register with your county and/or city. Talk to your attorney.
If you work out of your home there may be restrictions or requirements imposed by the municipality (parking, for instance). It will probably depend upon the nature of your business.
Then there’s insurance.
Your social life will change.
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