Business Start Up And Formation

Congratulations!  You have decided that it is time to take the first step toward opening the doors to your new business.  So now what? How do you go about bringing this dream into reality?  Nowakowski Legal PLLC is capable of walking you through the progressions of bringing your business from just a hopeful idea to a fully formed and ready to operate entity.  We even provide a free step-by-step guide as to most everything you will need to get started; obviously we hope that you utilize us for the legal needs in that list.

The following are just some of the services we offer in helping you to start your new business:

Entity Creation

One of the biggest steps you will take in opening your new business is deciding which form of a legal entity you would like to establish your business as. Whether it be as a Limited Liability Company, a C-Corporation, a S-Corporation, or any other variation of legal entities available, you will want to have a knowledgeable attorney help guide you through the appropriate name searches, filings, registrations, document creation and compliance requirements.

Nowakowski Legal PLLC can help you in understanding which entity type will best fit your business's requirements, assist in the creation of the entity, review and assist in any business licensing requirements that may arise, prepare your bylaws/operating agreement if necessary, and advise and assist you on the regular filing requirements associated with each entity.

 

Initial Employee and Service/Sale Agreements

All new businesses need to have available to them clear and strong form templates for their regularly entered agreements. Whether these contracts are for the sale of products to purchasers, the provision of services to clients, or simply the agreement you wish to have in place between your business and its employees, Nowakowski Legal PLLC can provide to you professionally made and attorney prepared agreements custom designed to your specific requirements.

 

Business Plan

Like it or not, at some point you are going to have to sit down and put together your business plan.  Not only can this help you, the entrepreneur, to better understand the business you are creating, but it will be something you can use to help others understand what you are intending to build. If you are trying to convince investors to help fund your business, if you want to take a loan out from a bank, if you want to talk to mom and dad about loaning you the money to pursue your dream, they will very likely want to see your business plan.

While most believe a business plan is only necessary for new and emerging businesses, the truth is that a business plan should be updated and maintained throughout the life of a business.  In the event that you eventually wish to expand, merge, or sell your business, any party you are likely to deal with will want to review your most current business plan before making a decision.   

Nowakowski Legal PLLC can help small businesses to develop their initial business plan and bring it from pen to page. As your company grows, or if you have a need for a more complex business plan, Nowakowski Legal PLLC can direct you to, and will work closely with, with one of several professional contacts that specialize in preparing a plan specific to your business' needs.  

 

Investor Agreements, Bank Loan Reviews, Personal and Intra-Family Loans

So you have your business plan and you are ready to start getting things off the ground. Well, lets take a look at your business plan; how much money will you require to open and operate your business until it will be on solid ground and able to fund itself? Where will you be acquiring your initial capital? Unless you already have a nest egg saved up for this venture, the chances are you will either need to find investors, take out a bank loan, or rely on family to give you your fresh start. All three options are viable, and all three options should be memorialized in a contract or agreement.

Nowakowski Legal PLLC is available to draft and/or review any Investor Agreements, Bank Loans, Personal Loans and/or Intra-Family Loans you may be interested in entering in to.

Nowakowski Legal PLLC would like to place a special emphasis on advising its young entrepreneur clients to take a Intra-Family Loan if possible. It is an excellent way to retain money within the family, it allows the borrower (you) to obtain the lowest interest rate available in a loan, and technically, the interest in the loan can be treated as a "gift" for tax purposes (meaning you may be able to avoid paying interest on your loan). Nowakowski Legal PLLC itself was actually formed with the capital borrowed through an Intra-Family Loan.
 

Did we not mention a business formation item you need help with? No problem! Chances are that we can still help you and your company. Just contact our office and set up a free consultation and we can fully review your issue and give you an idea as to how Nowakowski Legal PLLC can assist you.

One of the founding principles of Nowakowski Legal PLLC is that we want our relationship to grow alongside your business. As your business reaches higher levels of success, and as your legal needs continue to increase, we hope to always be the law office you turn to when you are in need.