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What are the first steps of starting a business?

On Behalf of | Dec 28, 2018 | Business Formation & Planning

As a prospective business owner in Florida, there are a lot of things to do before you even get your foot in the door. At the Law Offices of Levi Williams, P.A., we’re here to help guide you as you start working out your business plans, deciding where you need to go and what you need to do next.

Before you get started, you need to decide what type of business you will have. There are options like LLCs, LLPs, C-Corps and S-Corps. Each business entity suits a different purpose. You will need to research which one suits your needs and overall aim the closest.

A business plan is the next thing you will need. The more comprehensive, the better. A good business plan should include things like marketing planning, management structure, operating procedures, and financial projections. You want a good look at how you plan on running your business both in the immediate future, and in the distant future. This is the key to determining the longevity and sustainability of your business.

After that comes the legal aspect. This is where you fill out all the necessary forms, make the contracts you need, get your business licenses, and fulfill all other requirements both federal and stateside that you need to run your business.

If you have an interest in starting your own business, getting legal help can be a good first step. Consider taking a look at our web page on business planning and formatting, linked here. You can also contact us if you have other questions about running a business or starting one up.