Posts

Showing posts with the label Entrepreneurs

Starting Your Own Business: Legal Considerations

Image
Are you tired of working for other people, tired of having to answer to someone else, tired of having to conform to someone else's business hours, or tired of having to put up with the mundane details of someone else's management strategy? If you answered yes to any of these questions, you are not alone! You are about to join the ranks of hundreds of your predecessors and your peers who chose to leave their employers behind and strike out on their own. Entrepreneurs are a vital part of our nation's economy; growth and advancement would be slow without them. If you are thinking about starting your own business, the team at the Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C. is here to support you along every step of the way. Starting your own business at the Lake of the Ozarks can be unbelievably rewarding, but it does carry a considerable amount of legal considerations and requirements. Our experienced business attorneys are here to help guide you t...

5 Reasons To Hire A Business Attorney

Image
Are you debating whether or not to hire a business attorney at the Lake of the Ozarks ? Each situation is unique, but there are common circumstances where the guidance of an attorney experienced in business law could be valuable. Consider these examples when deciding whether you need to consult with an attorney. Perhaps one of them applies to you! 1. You Are Starting A New Venture No matter what type of business you are starting, the type of entity you choose to establish your company is important. Among other things, the business entity you choose will have tax implications. Your attorney will help you determine which types of business entities would be the best fit for your specific needs and goals. 2. You Are About To Enter Into A New Contract Contracts are legally binding documents. As an entrepreneur, failure to uphold your end of a contractual agreement can have serious consequences for your business. For example, your client's refusal to pay for service...

Buy-Sell Agreements - The Basics

Image
Starting your own business is exciting, overwhelming, and consuming. Entrepreneurs live and breathe their businesses every minute of every day, and for good reason. No matter what your new business is, it will demand all of your time - and then some. In spite of all the time and attention entrepreneurs dedicate to their businesses, there are two major considerations that new business owners frequently fail to recognize: How will you get out of your business when you wish to retire? What will happen to your business if you or one of the other owners pass away or become disabled? It is absolutely inevitable that both you and your co-owners (if any) will separate from the businesses eventually, whether by retirement, disability, or death. It is important that you plan ahead for these occurrences. Buy-Sell Agreements -- The Basics A buy-sell agreement , in simple terms, is a document that can help you plan for the eventual separation of a business owner from the company...