Starting a Company – The Essential Checklist

When starting a company to run a business, there are a great deal of issues to deal with and often not enough time and resources to handle everything in the perfect way. This conflict quite often exists when starting a private venture. However, there are some administrative and legal matters that are a must do. Here is a quick checklist of the most important ones.

  1. Come Up with a Name for Your Company and Product/Service. It is important to come up with a name for your business that is not already being used by anyone else in the areas where you will conduct your business movement. You can check with your state corporation agency and your nearby county or city’s business licensing office to confirm.

Equally important is that if your company is being created to sell a product or a branded service, you additionally need to decide on a product or service name and check to make sure it is not already being used in the industry in which you are going to be participating in. This also can be a violation of law-called trademark laws 公司註冊. For some businesses, a branded name is more important than others. What is more, in the event that you are planning on distributing your product and service to more than just the neighborhood, you need to really make sure your trademark is available for your use. You can run a search at the US Patent and Trademark website or pay for a search to determine whether there are any issues.

  1. Create a Legal Entity for the Company. Before conducting any business action, you need to create either a corporation or a limited risk company to operate the business. The biggest reason for this is to protect you and your personal assets from being lost due to business obligations and problems that may arise in the future. Given the statistics in this country where private company disputes and lawsuits are rising essentially, the little expense to incorporate or frame a LLC is well worth the protection.

  1. Complete Governance Organization of New Company. Try not to make the mistake of forming a legal entity at the state level and afterward not doing anything with it. A new entity is just a shell. First it needs to have owners and click香港商標註冊/. For a corporation, these are shareholders and for limited risk companies, these are members. There must be an official legal document establishing the owners and their privileges and obligations. Further, it needs to embrace a personality. That means that it needs to be attached to a set of rules, procedures, and other guiding principles that determine how it will act to conduct business. Certain roles such as directors, officers and managers need to be established. The entirety of the significant governance requirements are ordinarily set forward in Bylaws or a LLC Operating Agreement.