Few things are more exciting than embarking on the journey of a new business. There is nothing like turning your dream or vision into a reality, taking an idea you have nurtured and transforming it into your future. But one of the keys to making a new business startup work is starting on the right foot. At Betsy Larson Law Office in Lakeville, we offer business law expertise and understand the importance of getting every detail right as you start your new business. We’ve put together this handy guide of best practices for starting your new business to help you on your journey.


1.      Develop a Strong Business Plan

A good business plan is the foundation of your business. Betsy Larson is a business lawyer that can guide you through every stage of your business as you create your business plan. Our office will help you create roadmaps for the structure of your business. We can help you include everything you need for how to run your new business. We will also help you include business plan strategies for how to grow your business.


2.      Establish Business Bank Accounts

Our office can also help you take into account everything you need to know to get your finances in order for your new business. Betsy Larson understands the challenges of running the financial side of a business and can help guide you through the process. Before you begin, you will need to establish business banking accounts, and we can help with this process. Business accounts help you get your business in order for taxation purposes. It is also an important key to accounting for your business.


3.      Create a Strong Financial Record and Accounting Strategy

Our law office can also help you choose the right accountant for your new organization. We can help you create a budget that will work well for your business. Betsy Larson can help you strategize for your new business. She can also walk you through developing and maintaining proper budgets. Our office understands the importance of profitability and can help you make important decisions to maximize your profits.


4.      Fine Tune the Details

Workign with our expert law office means you don’t leave anything to chance. Betsy Larson will conduct trademark filings and trademark clearance searches to make sure your patents and trademarks are in order. Our office also understands estate planning and can help you make a plan for any future organizational or structural changes. We can also walk you through Choice of Entity, help you develop articles of incorporation and bylaws, as well as lay out contribution agreements.


Minnesota Small Business Legal Services

If you are just starting out with your new business or expanding an existing startup, make sure you do it the right way. Following best practices can save you trouble down the road and lay the foundation for a strong, stable business that may become your financial empire. At Betsy Larson Law Office in Lakeville, we can help you get your business started off the right way. Give us a call at 612.356.2870, or contact Betsy Larson by email to find out how she can help you get started on the path to business success.