Starting your own business. Law Offices of Zachary Hiller Houston, TXIs it time to start your own business? Creating your own company can be an incredible journey, but you have to remember there is lot of hard work to do and some important details that should not be overlooked.

Small business owners can run into many legal issues that aren’t typically encountered with partnerships or corporations. As an owner, you retain sole ownership of the business. And this sole ownership, which does not have the typical corporate structure, often leaves small business owners vulnerable to personal liability issues.

If you have a great idea for a business and can’t wait to jump in, there are some important steps for you to take first, especially on the legal side. I’m here to help you with the ins and outs of your legal business needs, with invaluable guidance and representation when it comes to business transactions, mergers, acquisitions, and all facets necessary for the growth and success of your business. Below you’ll find five things I recommend to keep in mind when thinking about starting your own company!

Consider these five tips before starting your own business:

1. Patents: Research intellectual property in case you need to defend your business against competitors. Someone else could have submitted a patent on your idea, putting your business plan in jeopardy. An attorney can help you search and make sure your intellectual property is safe.

2. Market: Is the market crowded? Several companies could already be pushing through your idea. If you find several competitors who are already offering what you want to offer, maybe you need to change your business plan and make it more unique. You don’t want to have to change your business name or product two years down the road or put yourself in a position for a lawsuit.

3. Cost: Does your business have extra costs? Understand all costs, sales, and requirements before moving forward. You don’t want to underestimate this one! A valuable business and financial plan will help you set present and future goals.

4. Employees: Know what you are doing when you hire your staff. Have employees sign a non-compete agreement. This will prevent them from working against you or using your company secrets. It’s important to have employees sign all the proper forms, so you don’t have to handle a lawsuit later.

5. Hire a lawyer: Contact the law office of Zachary Hiller to get your legal ‘ducks in a row’ to protect your business. The costs of a lawyer are small in comparison to facing a possible lawsuit and losing your business. Our services will help handle your common legal issues, business plan and any liability.

Got more questions about starting your own business? Contact me today or get in touch on Facebook and Twitter!

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