Do’s and Don’ts: Starting a Business


So, you are ready to start your business venture. Great! Get off on the right track by following a few simple “DO’s and DON’Ts.”

THE DO’s

DO limit your liability to your investment in your company by incorporating your business or organizing it as a limited liability company.

DO disclose everything to your attorney about your proposed business venture and past business experiences, both positive and negative.

DO discuss with your attorney the advantages and disadvantages of the various forms of business entities.

DO discuss with your attorney the “corporate formalities” to which you must adhere in order to preserve the limited liability afforded to you by virtue of having incorporated your business.

DO discuss with your attorney the need for a detailed written buy-sell agreement with your business partners.

DO discuss with your attorney the need for a written employee handbook and written employment agreements containing confidentiality and noncompetition obligations if necessary.

DO apply for a federal tax identification number for your business (necessary for almost all businesses).

DO talk to a tax professional and budget for taxes.

DO invest in technology.

DO prepare a detailed written business plan.

DO seek advice from organizations such as Small Business Development Centers (www.sba.gov/sbdc/sbdcnear.html) and the Service Corps of Retired Executives (SCORE) (www.score.org).

DO join your local chamber of commerce, local civic organizations, trade groups, and entrepreneurs organizations.

DO get to know your customers and suppliers.

DO network.

THE DON’Ts

DON’T make expensive office space and furnishings a high priority unless you are in an “image” business.

DON’T print your stationary, business cards, and promotional materials until you have had a trademark attorney conduct a search of existing state and federal trademarks and pending trademark applications.

DON’T ask or permit your employees to breach confidentiality or noncompetition agreements with their previous employers.

DON’T spend money required to be set aside for employee and other withholding taxes.

DON’T sign company contracts in your individual capacity. Rather, sign them on behalf of the company as an officer of the company.

DON’T put off buying insurance.

DON’T give up 50 percent of your company to investors in your first fundraising effort.

DON’T pass up opportunities for free publicity.

DON’T try to do everything yourself. Setting up a business is complicated, and a business law attorney can assist you in making and implementing the right decisions.

FAQs

Incorporation and Legal Structures Resources

Cost-effective forms to incorporate your business.

Wang, Hartmann, Gibbs & Cauley, P.L.C.

Providing Exceptional Representation for Businesses. Call Today to Speak with Our Attorneys. (866) 970-0186

Original post can be found here

Why Bro. Eddie C. Villanueva?

This is the question I often hear in the internet community. But If someone is going to ask me this, I have a lot of answers that I could give and here are some of those answers.

1.  Because Bro. Eddie is really a genuine God-fearing person.
-He experienced a genuine change in his life from a political activist to evangelist.

2.  Because Bro. Eddie is very qualified and knowledgeable.
-Knowledgeable: He knows the cure for these cancers. Our country is really suffering with these cancers. Come on! You know what I am talking about. Our generation has been exposed to this political circus, and our generation has suffered so much because of some politicians’ vested interest(our so-called “PUBLIC SERVANTS”).
-Qualified: Bro. Eddie is very qualified because he knows the Philippine Economy thoroughly. He was a professor back then when he was still in PUP sometime in the1970’s I think.

These are just a few among so many other answers to this question. Hope you find it in your heart to dig for your own answers to the same question.

ramil