12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Do I Need a Lawyer to Start a Business in North Star, MI

Do I Need a Lawyer to Start a Business in North Star, MI


The true entrepreneur is a doer, not a dreamer.
 
- Nolan Bushnell


Every day, thousands of Americans embrace their dream and start their own company.

Entrepreneurs are the lifeblood of the American economy. Small businesses make up 99% of all businesses, employ half of all private sector employees, and have generated two thirds of new jobs in the last two decades.

Entrepreneurs know they'll need a good business plan, some expert help, a little start-up money, and a lot of dedication. A small business owner may need to pick a name, choose a business structure, obtain permits and hire employees.

Picking a unique name allows you to obtain trademarks and copyrights, differentiates your business from competitors, and makes your brand more memorable. See if you can register the web url for your business name dot-com. Look up the U.S. Patent & Trade Office's database for your exact name, misspellings, or similar names. Check with your county clerk and your Secretary of State to make sure your business name is unique. If your business is going to be a corporation, LLC, or limited Partnership, you will have to register your name with your Secretary of State as well. Finally, register your name on social media, such as Twitter and Facebook.

There are several business structures to choose from and each has its own distinct advantages and disadvantages. For example, an LLC protects you best from liability. A sole proprietorship is the easiest business structure to set up. However, it provides the least amount of financial and legal security compared to other business structures. Partnerships are more complicated than sole proprietorships. Partners generally share profits and losses equally and do not get a salary from their partnership. Forming a partnership does not require a written Partnership Agreement, although it is highly recommended.

Incorporating may involve more paperwork on an ongoing basis and may increase taxes, but they also shield owners from liability and provide the infrastructure for corporate stocks.

Creating a Nonprofit Organization is an option for organizations that aim to do public good rather than turn a profit. Nonprofit status, provides limited liability protection and may qualify for tax exempt status, access to grants, and receive tax deductible donations. There is far more paperwork and scrutiny for NPOs. A nonprofit's finances are open to public inspection and it is not owned by its founders; if an NPO dissolves, its assets are usually given to another NPO. If assets are used for private benefits, they can be seized.

No business is too small to incorporate and the time it takes to form a corporation, LLC, or non-profit at 12Law.com is minimal.

There are a number of tasks that you may be able to accomplish without the expense of a lawyer: 1) form your own Partnership, LLC or corporation; 2) create your own partnership agreement, LLC operating agreement or shareholder's agreement; 3) apply for your business employer identification number (EIN); 4) apply for the required business licenses and permits; 5) lease commercial space; 6) interview and hire employees, and complete the necessary IRS paperwork; 7) research and reserve a trademark or trade name for your business; 8) file a fictitious business name statement if you will do business under a different name; 9) research and reserve a name for your corporation or LLC; 10) apply for and reserve a domain name, if you will do business on the Web.

If you're set up as a sole proprietorship or partnership, it might be a good idea to get liability insurance. If you're going to need buses, vans, or cars, you should insure those too. And looking into general business insurance is always a smart choice.

Only you can decide if hiring a lawyer is right for you. Check out 12Law.com for listings of lawyers in your neighborhood.
 
Personalize & Print a Free MI Partnership Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Related Legal Services near North Star, MI
Gaynier John A
328 Bates Ln
Monroe, MI 48162
(734) 241-9288
General Practice Attorneys
Wolf Law Firm
436 S Broadway St
Lake Orion, MI 48362
(248) 804-8578
Attorneys Referral & Information Service,  Accident & Property Damage Attorneys,  Automobile Acciden
Smith Mark D Atty
419 N Monroe St
Monroe, MI 48162
(734) 241-8405
Attorneys
Ross L Wilber PLLC
189 W Clarkston Suite 2 Rd
Lake Orion, MI 48362
(248) 814-8141
Attorneys,  Social Security & Disability Law Attorneys,  Immigration Law Attorneys,  Labor & Employm
Drakos Steven
334 S Broadway St
Lake Orion, MI 48362
(248) 814-7711
Criminal Law Attorneys, Attorneys, Legal Service Plans
Porritt James
436 S Broadway St # E
Lake Orion, MI 48362
(248) 814-6664
Attorneys
Rich Strenger PLLC
22 W Flint St
Lake Orion, MI 48362
(248) 693-6618
Criminal Law Attorneys, Juvenile Law Attorneys, Business Law Attorneys, Attorneys, General Practice
James PorrittJr
436 S Broadway St
Lake Orion, MI 48362
(248) 693-6245
Attorneys
Skinner Michael
27 E Flint St
Lake Orion, MI 48362
(248) 693-5144
Attorneys, General Practice Attorneys
De Marco John A
236 S Broadway St
Lake Orion, MI 48362
(248) 693-3500
General Practice Attorneys, Attorneys
Weller Cella & West Attys
69267 N Main St
Richmond, MI 48062
(586) 727-3045
Attorneys, General Practice Attorneys
The Frank Law Firm PC
69267 N Main St
Richmond, MI 48062
(586) 727-3045
General Practice Attorneys, Attorneys
Szalka Robert
68364 S Main St
Richmond, MI 48062
(586) 727-2517
Attorneys, Legal Service Plans
Dubay James V
68650 S Main Street
Richmond, MI 48062
(586) 727-2455
Attorneys, Attorneys Referral & Information Service, General Practice Attorneys
Leh John Michael
436 S Broadway St
Lake Orion, MI 48362
(248) 391-2292
Attorneys,  Legal Service Plans,  Business Law Attorneys,  Insurance Attorneys,  Malpractice Law Att
Nebel Charles C
100 E Superior St # 2
Munising, MI 49862
(906) 387-2022
General Practice Attorneys, Attorneys
Frank Law Firm the PC
35641 Monroe St
Richmond, MI 48062
(586) 727-1900
General Practice Attorneys, Attorneys, Legal Service Plans
Family Practice and Wellness Ctr Burlen
529 N Monroe St
Monroe, MI 48162
(734) 240-1206
Attorneys Referral & Information Service, Legal Consultants-Medical
Sheiko Robert J
236 S Broadway St
Lake Orion, MI 48362
(248) 693-0265
Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US