Steps to Form a Business
From a legal standpoint, forming a business is not something that happens automatically. It takes work and planning to make the necessary choices and execute them. An experienced business law attorney can work with you on this process.
The first step is to choose a business structure. You have various options, and the one that you select could determine things such as:
- Your personal liability for your business debts and obligations
- Your tax status
- Whether your business would survive owner disputes
- The reporting obligations for your business
Then, there are numerous registrations that you would have to file, including:
- With the Florida Department of State
- Registering the business name
- Registering with the IRS to receive an employer tax identification number
- Registering with the Florida Department of Revenue
In addition, you would need to draft the relevant corporate documents that will determine how your business is run. These documents include:
- Articles of incorporation if you have chosen a corporate form
- A partnership agreement
- Bylaws (these are very important documents that set forth key rules and regulations governing the corporation’s day-to-day operations – management must follow the corporate bylaws)
- Shareholder agreements
As you can see, there are numerous steps to starting a business, and you may not know how to handle them on your own. The more time that you spend on issues like these, the less time you can devote to getting your business off the ground and building your revenues. An experienced corporate attorney can handle these details while you focus on other matters.
Contact a Boca Raton Corporate Attorney
The lawyers at Rubino Findley work with entrepreneurs and small businesses to help them build the corporate legal infrastructure that they need to start operations. Contact us today online or call us at 561.220.8464 to discuss your particular business needs.