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Business Formation Archives

Business formation includes mergers as well as startups

One of the tasks performed by a business law attorney in Oregon or elsewhere is to assist new companies in the initial start-up phase. Business formation can consist of a brand-new enterprise getting started with all of the legal structure being put in place with the assistance of legal counsel. It can also consist of a new company coming to birth from the merger of two existing companies.

Army vet enjoys business formation success after major setback

Many Oregon business owners can recall what it was like when they first began their journeys toward success. For some, their dreams of launching businesses or products took years to actualize due to various types of setbacks, including major financial obstacles or personal problems. A young woman in another state is currently celebrating her own business formation success after a long, hard road to the top.

Attorney gives critical input during business formation process

Business formation in Oregon is a stage of the startup process where the business law attorney has a strong role in assisting the business owners in choosing and setting up the right legal structure for the business. Business formation is important because it will usually impact on the method of taxation that the business will follow. The paperwork involved can be a massive amount or it can be much less, depending on the legal structure that is chosen. 

Business formation: Buying an existing business may be better

The business entrepreneur in Oregon who is contemplating opening a new business will also face the issue of whether it might be better to purchase an already existing business. Sometimes, the overwhelming range of activities needed for business formation from scratch will deflect the entrepreneur's enthusiasm for the project. The effort of buying an existing business instead of new business formation has some attractive benefits that may make it easier for an investor.

Employee handbook may be written in the business formation stage

There are various standard legal procedures required to start a business in Oregon. One important component of a small business is an employee handbook, which is generally most useful if prepared and distributed before the business formation process ends. Unfortunately, only about one in four small businesses have an updated handbook. There really is no downside to having a good manual to assist workers in understanding the rules of the workplace, benefits, rules of etiquette and other general guidelines for the job.

Startups can benefit from common business formation strategies

In Oregon, many startup businesses try to get established each year. These companies must make various decisions and meet regulations regarding business formation issues. Beyond that, the company needs to find the secret to steady business growth, healthy sales of products and services, and being able to realize substantial profits for an extended time.

Business formation involves the networking of many functions

Getting a business started in Oregon is a straightforward process that involves some hard work. Developing the habit of deep focus on the outcome, i.e., visualizing success, will help also. Business formation is subject to some concrete guidelines and tips. Here are some that are important in getting started in the right direction.

Understanding sole proprietorships

For many people, the notion of "going into business for themselves" probably seems like an inherently complex, intimidating, or even impossible undertaking. After all, there would be demand to generate, production to manage, orders to fill, and a host of other arcane tasks that only an MBA or experienced entrepreneur would seem equipped to handle.

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