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Practice Areas

• LEGALLY SPEAKING - FORUM OF THE WEEK, a Blog
• "LEGALLY SPEAKING"
• UPCOMING EVENTS & SEMINARS
• PERSONAL INJURY
• TRUCK ACCIDENTS
• WRONGFUL DEATH
• BANKRUPTCY & DEBT RELIEF
• CRIMINAL
• AGRICULTURE BUSINESS STRUCTURING AND WEALTH PLANNING
• BUSINESS PLANNING
• ELDER LAW
• ESTATE PLANNING AND SPECIAL NEEDS TRUSTS
• PROBATE/ESTATE AND TRUST ADMINISTRATION

Frequently Asked Questions by our clients in Indiana

Q: I would like to start my own business.  What should I do first?

A: Starting a new business can be overwhelming, but there are a few steps that will make the process much simpler and improve your chances of success.

First, develop a Business Plan.  A good business plan will accomplish two primary objectives: (1) it will function as a roadmap to assist you in making important decisions, and (2) it will demonstrate why financial institutions should lend to your business.  For information on drafting a Business Plan visit the U.S. Small Business Administration website.

Second, find a good business attorney and an accountant who routinely works with small business owners.  Your attorney will guide and assist you in the organization of your business, prepare any necessary documents (such as Operating Agreements, Bylaws, Buy-Sell Agreements, Employment Agreements, etc.), and provide general business advice.  Your accountant will prepare the required tax filings and will give you advice regarding other issues of taxation.

Third, take steps to make your business venture less risky, as outlined in Question Three, below.  Doing this will not only increase your chances of success but will also be helpful to you in the event that your business does not succeed.  

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