Forming
a Business 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.
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?
- Business
Entities
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.
For legal help in creating a business,
contact Craig S. Gilgallon today.
310
South Street, 3rd Floor
Morristown, New Jersey 07960
(973) 605.8800 tel
(973) 605.8020 fax
craig@gilgallon.net
