When starting a new business, there are a number of legal considerations that should not be neglected. From the name you select for your business to the location of your operations, nearly everything has a legal implication. Below are a few legal issues to consider.
By contacting your state’s office for the Secretary of State, you can determine if the name you want is available. You can also use different corporate and business names and operate under the “doing business as” designation. For example, “Ayars Inc. d/b/a Ayars Woodshop” has the corporate name “Ayars Inc.” and the business name of “Ayars Woodshop.”
Whether you will need a business license depends on what type of business you are operating. To avoid unnecessary fines, check with your municipality on specific licensing requirements. This includes confirming that the location of your business is zoned to allow for your business’s commercial interests.
There are several ways to structure a new business, including sole proprietorship, a corporation, a limited liability company, or a partnership. An attorney can best advise you on which structure offers the best liability and tax ramifications for your business.
About Justin Ayars: In 2007, Justin Ayars received his law degree from George Mason University School of Law. Ayars is the founder and owner of Umbrella Management Group, LLC, in Richmond, Virginia, an all-inclusive management company that oversees the legal, marketing, and financial strategies of various businesses in the Richmond area.