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Business Formation Archives

Business formation tips for new entrepreneurs

Entrepreneurs often launch businesses motivated by the dream of working for themselves and doing what they love. It's an exciting step, but it's also prudent to move thoughtfully and carefully through the business formation process. It's easy to make mistakes or commit missteps during this time, but an Oregon entrepreneur can take measures to avoid legal and financial complications down the road. 

Important choices for the business formation stage

When a person decides to start a small business in Oregon, that is only the first of many decisions he or she will have to make. Entrepreneurs are faced with many choices in the business formation stage, and of these involves deciding on the right type of business entity. This is a critical decision as it will affect how a business is taxed and other financial aspects for the future of company operations. 

Business formation and operations guided by new moral standards

There is a history of corporate scandal and misdeeds in the country, including in Oregon. When such events come to the public eye, legislative reform often follows. Witness the rash of new legislation to accompany the real estate bust in 2008. Such laws may address the activities and mandates of business formation, business operations and other categories.

Business formation for startups depends on the founder's vision

In Oregon and elsewhere, a startup business is a special kind of new business enterprise that is usually marked by certain characteristics. It usually involves a venture that is technology-related and that has an exceptionally high growth expectation. It is usually based on a dream concept that is unique to its target industry and that may even intend to revolutionize the way that industry operates in some vital way or another. With respect to the legalities of business formation, a startup may be structured like any other beginning enterprise, but its founders will generally want to have a legal plan of action to establish legal structures that will someday accommodate capital growth through public offerings.

Business formation lawyers are important in the merger process

When a business merger takes place in Oregon between two companies there are certain procedures that are followed. The shareholders of each corporate entity will have to vote to approve the transaction. There may follow an elongated procedure of governmental approval and a lot of legal paper work well-suited to the expertise of business formation lawyers.

Considering a sole proprietorship during business formation

When looking to start a business, most Oregon entrepreneurs need to start small. Most companies are not overnight successes, but there is always room for growth. During business formation, choosing the right business entity is important. However, choosing one now does not mean that it cannot be changed in the future to better suit any growth that has occurred.

Business formation is a consequence of mergers and acquisitions

In Oregon and elsewhere, mergers and acquisitions are a common business activity that serves an important purpose for existing companies. For a company that wants to grow in certain activities, increase its geographical locations or offer new products, mergers and acquisitions is a strong option that is available. This method of business formation is very effective and generates solutions that can be quickly implemented.

Buying an ongoing business is a safer way of business formation

Entrepreneurs in Oregon often opt to purchase an established, successful business for obvious reasons of lowering their risk going forward. The process of purchasing a going concern is not quite as easy as it may appear at first blush. Every aspect of business formation contains pitfalls that must be prevented and due diligence that must be performed.

Business formation may include purchasing an ongoing enterprise

There are many details to consider when buying a business in Oregon or anywhere else. It is true that purchasing an ongoing business may give the entrepreneur a better chance of succeeding by taking over a tried-and-true enterprise. However, even in this easier area of business formation numerous perceptions can prove wrong and backfire after the purchase. 

Business formation process requires cybersecurity due diligence

When starting a business in Oregon due diligence requires that issues of data privacy, cybersecurity and the risk of data breaches be thoroughly researched and accounted for. The same applies in the business formation process that accompanies mergers and acquisitions. The problem of finding security weaknesses and even breaches after the acquisition of a business is common but sometimes disastrous.

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