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Business Formation & Planning Archives

Understanding S corporations

Running a small business requires making countless decisions - many of which can drastically impact your success. One of the most critical involves choosing the right business entity. LLCs, LLPs, C corps, S corps... How do you make sense of this alphabet soup? And how do you go about making the right choice?

Seven ways to know if entrepreneurship is right for you

Forming a business may sound enticing, but it isn't for everyone. When starting a small business, there is one important aspect that you should consider before anything else: Yourself. You, as the potential manager and owner of a business, will play an integral part in whether your startup fails or succeeds.

Choosing the best business partner is an essential step

Starting a new business, or bringing on a business partner as your company grows, is an exciting time full of unlimited potential as you look at the future. Creating the perfect partnership is a crucial step—but is often one of the hardest to get right.

Know the do’s and don’ts of starting a business

There can be a lot of unpredictable ups and downs when starting and running a successful business. A lot of the challenges are surprises that the business owner will simply have to learn along the way. But if you are starting a small business, there are definitely measures that you can take to prepare your venture for success.

Amazon considering Georgia for a second headquarters

As one of the largest companies in the world, online retailer Amazon is looking to expand their business with an extensive new headquarters. Their site selection team is currently looking at a variety of cities to build their next building in—and bring an estimated 50,000 corporate jobs to the area.

Don’t ignore legal issues when starting a business with a friend

Starting a new business with a good friend can be very exciting, and carry many benefits. However, such a venture can also have challenges. How well-suited a business venture undertaken by friends is for meeting such challenges can in part depend on what is done as the business is being set up.

Avoid these six deadly pitfalls when starting a business

Few endeavors are more challenging or create a greater sense of accomplishment than starting a small business. However, a recent article in Entrepreneur offers valuable insight into the most common mistakes people make when doing so.

8 steps for developing the perfect company logo

A logo is far more than a decorative mark to spruce up a letterhead or fill space on a billboard. A logo is a symbol that allows consumers to instantly identify your business. It also calls to mind everything your business stands for in the eyes of the public.

Crafting a business plan is an important step

Many entrepreneurs want to jump in to the figurative pool without even considering the potential risks of operating a business, or even planning how their business should function. Picking the proper business structure is just one step of many that need to be taken in order to bolster your chances of operating a thriving and successful company. A business plan is a critical part of organizing yourself and your company so that you can have the best possible chance of achieving your goals.

Business succession planning 101

You worked hard to build your business from the ground up. You believe that success has the potential to span generations. The last thing you want is to see your legacy vanish once you're no longer able to lead the business.

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Robert Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the May issue of The American Lawyer & Corporate Counsel magazine.Alex Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the December issue of The American Lawyer & Corporate Counsel magazine.

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