ch54

West's Business Law with Online Research Guide, 9th Edition

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BUSINESS START-UP ISSUES Locate and Retain Competent Legal Counsel: Counsel will assist you with legal obstacles to getting your business started and can provide advice on organization, management, and operational issues. Select a Business Form: When choosing between a sole proprietorship , partnership , limited partnership , corporation , or other business form, consider and seek advice about the following: liability issues; tax considerations; survivability of the business form; and formalities and expenses associated with forming and operating the business. Naming the Business: Depending on the business form chosen, there may be legal requirements for or restrictions on the name under which you may do business. Ch. 54: Law for Small Business - No. 1 West’s Business Law (9th ed.)
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CREATING A CORPORATION Incorporation Papers: Every state has its own requirements for corporate formation. At a minimum, you should expect to prepare, and, where required, file articles of incorporation , and corporate by-laws . Initial Directors’ Meeting: The articles of incorporation will name the initial directors, who will convene the initial directors’ meeting, at which they should, at a minimum: adopt corporate by-laws ; appoint corporate
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ch54 - BUSINESS START-UP ISSUES Locate and Retain Competent...

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