One of the first and most important decisions a new business owner will make is developing a name for the business. It can also be a costly mistake if you fail to do your legal homework. You need to research if the name and trademark are available.
Transforming your hobby into a profitable business can be accomplished when you do your due diligence and get your legal ducks in a row.
Small businesses must adhere to the same laws as multinational corporations, and no company is immune to legal issues.
You put a lot of time, energy and effort into your business, so doesn’t it make sense to protect what you worked so hard to build? You need a Non-Disclosure Agreement.
Through the years, I’ve learned a lot about sourcing goods and materials from overseas. While it does take some finesse, I can tell it you that it’s well worth the effort.
With launching a new company comes the need to make many decisions. Among them: choosing a business structure. The type you select for your startup affects far more than whether or not your company’s name includes something like “LLC” or “Inc.” at the end of it.