This post wraps up and concludes my series on starting a business in Olympia, Tacoma, or elsewhere in the state of Washington. I felt it was necessary to write on this topic because, while beginning a company is exciting, entrepreneurs are often unsure of the steps required in properly forming a business. This leads to missteps, and missteps lead to liability and loss. The goal of my last several posts has been to provide information which will help individuals to better understand their situation. My goal has been to provide the information necessary for startups and entrepreneurs to make an informed decision when selecting a business law attorney. If you require assistance, contact my office today to speak with a lawyer.
I have addressed several topics over my recent articles. Issues which I have analyzed include:
- Choosing the right structure for your new business
- The tax implications of different business structures
- Problems involved with choosing the wrong business structure
- How an attorney can help you to properly start a company
These are important topics for new business owners to understand. First, choosing the right structure for your new entity will impact on your ability to raise capital, bring on partners, and expand your operations. Second, the tax implications associated with different structures can be complicated. Mistakes often result in excessive tax bills. Third, choosing the wrong business structure can result in personal liability for the owners, difficulty in obtaining corporate credit, or unnecessary complexity or inflexibility in business operations. While an attorney is not required to start a company, retaining counsel is often well-advised.
One point I have stressed throughout these articles is that it is important to deal with the legal requirements of starting up as efficiently as possible. When you take time away from your new company to deal with government regulators or the legal system, it hurts your business. As an Olympia business law attorney I regularly handle such issues. Contact my office today to schedule an initial consultation. Our firm also serves the Thurston County cities of Lacey, Tumwater, and Yelm, the Pierce County cities of Tacoma, Puyallup, and Lakewood, the Lewis County cities of Centralia, Chehalis, the King County cites of Seattle, Auburn, Bellevue, Burien, and Federal Way, as well as other areas in Washington, including Grays Harbor, Mason, Cowlitz, and Pacific Counties.