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Business Start Up, Essay Example

Pages: 2

Words: 415

Essay

Starting a business is a hard, long, and confusing endeavor filled with much information, a lot of paperwork, but much instruction on how to steer your startup. When starting a business the basics of creating the name, deciding the market, and writing up the business plan is necessary in the initial steps to becoming a business owner. However, they are several important factors, financial, social, and more importantly legal factors that must require the assistance of a professional when starting your own business.

The job of a paralegal is to work as a legal correspondent in guiding individuals through legal matter, such as, starting a business. There are several aspects of starting a business the potential owner must keep in mind. The first step is deciding, what the business is. Once decided, the paralegal should reveal the importance of intellectual property, along with the need, if any, trademarking, and patenting the business. Whether it be online or in a physical location, the decision matters in terms of the different laws and regulations that are assigned. If starting a business in a physical place, environment laws, zoning regulations, insurance, taxes, work place safety laws, permits, and licenses are required to know, and this information is essential for the potential business owner. (SBA, n.d)  When starting a business online the knowledge of sales tax, international sales tax, regulations, consumer protection, and customs are essential in success of the company.

One of the most important information that the paralegal needs to inform the potential owner, is contracts, there are an important day to day aspect that business owners must use to further their business. Contracts are initial in confidentiality agreements, purchase of goods or services, financial obligations, joint ventures, with employees, intellectual property, and other aspects. The paralegal must inform on the basis of reading the fine print, knowing the laws before signing, and knowing the consequences of the contract.

Overall, starting a business is long road, with a big payoff if successful. However, when starting out, there is a lot of information that needs to be obtained in order to be a success. The need for financial, social, and legal advice will aid in navigating through the startup phase. The paralegal’s job is to inform the potential owner in the confusing legal requirements and information that will help in progressing the business into whatever area or focus that the business owner entails.

References

“Learn About Business Laws & Regulations.” SBA. N.d http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/understand-business-law-r

“Small Business Legal Issues: Contracts.” Virtual Advisor. 2009. http://www.va interactive.com/inbusiness/editorial/legal/ibt/legal_is.html

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