Big corporations may be laying off employees in distressingly record numbers, but big corporations are not the only employers in the U.S.—as long as we have our small business community, all may not be lost. According to this article on Reader’s Digest.com, small businesses are taking the economic downturn in stride, and in some cases even doing well: “small businesses account for more than 60% of jobs in the U.S., and many of them are holding on to their staff or growing.”
But not all small businesses are created equal, and we aren’t the only ones who think so. A new study by the Wall Street Journal itself found that “entrepreneurs who engage in business planning early on are more likely to… get a business off the ground.” The article focuses mainly on a business plan, which is indeed one of the most important start-up documents you can have, but advance business planning can include these other documents as well, many of which require experienced legal advice:
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Operating agreement
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Legal partnership agreement
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Articles of Incorporation
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Bylaws
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Operations Manual
If current economic circumstances have you thinking about starting your own business, come into our office and let us help with the advance planning. We care about our clients, and are invested in seeing you accomplish your goals. We want to help give you and your business the best possible chance for success.