Small Business Formation Services In New Jersey
How to Start a Business
Transforming a great idea into a viable business entity can be a challenging and arduous process. The decisions you make in forming your business now, can have lasting effects and alter the future success of your business.
Below is a brief overview of how to start a business. For skilled advice and representation concerning your business venture, you can trust Craig S. Gilgallon for your business formation needs.
Are you purchasing an existing business or creating your own? Important factors to consider are the start-up costs and future expenses of running your business. Once you have an idea of how much capital you will need, we can help you secure bank loans or other financing options. Potential investors will require a detailed business plan and we can assist with that as well.
The Business Plan
A business plan should address the following concerns:
- What is the nature of the business?
- How is this product or service different from the competition?
- Does research show that there is a need for this business?
- How and to whom will you market your products or services?
- How will you staff the business?
- Who will manage the business?
- How will ongoing business operations be financed?
- What is the most advantageous type of business entity for this venture?
A crucial decision must be made in deciding the type of business entity to form. This decision will affect your future tax and liability. Craig S. Gilgallon can help you choose which business entity to form, giving you increased options and benefits moving forward. Entities to consider are:
- Sole proprietorship
- General partnership
- Limited partnership (LP)
- Limited liability company (LLC)
- S Corporation
- C Corporation
Your Business Name
You may have already decided on a great business name, however, you must be sure that the name is available and does not infringe on the trademark or rights of another company. Depending on the size, type and nature of you business, you will have many factors to consider. Licensing, permits, insurance, tax and zoning issues may arise.
You don’t have to face these issues alone.