#2 Decide how your business will be structured and managed.

Should you organize as a sole proprietor, a partnership, an LLC, or a corporation?  What are the benefits and disadvantages of each?  Will you be the President?  Who will be the Vice President, Sales Manager, Production Manager, Purchasing Manager, and what will be their duties?  Do you need employees for all these positions, or others?  Who will supervise whom?

How do you decide how much to pay your employees, and how often?  What about benefits?  Should you offer health insurance, retirement plans, holiday pay, or vacation pay?  Who will keep track of all these elements?  Do you need a Human Resources Department to handle hiring, write and maintain an employee manual, ensure compliance with state and Federal labor laws? 

Who will be the signers on your checking account?  How will you manage your cash to minimize the possibility of theft, fraud, embezzlement, etc.?

We can help you answer all of these questions so that you will organize your new business not only in the best way for you, but also in such a way that your potential for success is maximized.

See how we can help you put together the “pieces of the puzzle” which will give you this “Key to Success.”  Click here for information on our Business Startup services.  Click here for information on our Management Services.

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