Saturday, March 21, 2009

18..Financial plans in Business

Nevertheless, no matter how and where you get your funding, familiarize yourself with pertinent laws that cover your source of funding, such as loan agreements and securities laws. Unless you are planning to do business under your name, you will need to file a business name. This filing entitles you to do business under that name. However, make sure that your business name is unique and it doesn’t violate any intellectual property laws (e.g. trademarks).

Regulations that may affect your business vary by state, by locality, and by the type of business that you have. Meanwhile, the kind of licenses and permits required for your business will depend on your business type and its location. At the very least, look into building codes, zoning laws and other pertinent regulations that might affect your business. Owning your own business is one of the surest ways to establish financial security for you and your family.

Whether you have been in business for a long time or not, it pays to know your rights as a businessperson, as well as the legal environment of business.This book gives useful, practical, and down-to-earth information on everything you need to know about starting your own business to managing it effectively. This book gives useful, practical, and down-to-earth information on everything you need to know about starting your own business to managing it effectively.

It will teach you how to do things right the first time, and help you spot and resolve potential problems before they get big. Most of all, you will not find legal jargon and technicalities here – just simple and straightforward discussions of how the law affects businesses everyday. A sound business idea should be economically sensible. You really don’t want to start a business and file for bankruptcy in just a few months?! Study the potential success of your business idea.

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