Brand Logo
We will remain operational and serving our clients throughout the COVID-19 crisis. Nothing is more important to us than the safety and well-being of our clients. For those who wish to practice social distancing and limit face-to-face contact, we are available for telephone consultations and videoconferences via Zoom, Skype or FaceTime. We also have standard teleconferencing options and use DocuSign. Please contact our office by email or call 503-417-7777 to learn more about the measures we are taking to protect you and your loved ones.

Business and commercial law considerations for small companies

Starting a small business requires an entrepreneur to make many important legal and financial decisions that will impact the course of the business for years to come. According to the Small Business Administration, approximately 50% of Americans are involved in a small business, which amounts to around 30 million businesses. Before a person joins these numbers, he or she would be wise to consider what business and commercial law guidance is necessary to lay the groundwork for long-term success.

Many small businesses don’t survive. Statistics suggest that as many as three quarters of all startups do not make it to the 15-year mark. Prospective and budding Oregon entrepreneurs can take heed of specific things that will help them avoid complications. One of these things is to consider the practical issues first, such as whether a storefront is necessary and where the location should be. 

Another practical step for a business owner is to have a business plan. A clear, effective plan will help make it clear how to move forward, and it can provide important information for potential investors. In addition to these matters, it is also prudent to consider how to handle certain financial matters, such as bookkeeping, investing and more. 

Before starting a business in Oregon, a person will find it beneficial to speak with an attorney experienced in business and commercial law. The formation stage can be complex, and the decisions made during this process are critical. An assessment of the individual situation can allow a prospective entrepreneur what he or she needs to succeed.

FindLaw Network
Share This