{"id":2653,"date":"2023-02-02T08:10:48","date_gmt":"2023-02-02T08:10:48","guid":{"rendered":"https:\/\/development-work.com\/taylorlaws\/?p=2653"},"modified":"2024-05-01T09:02:24","modified_gmt":"2024-05-01T09:02:24","slug":"starting-a-new-business","status":"publish","type":"post","link":"https:\/\/development-work.com\/taylorlaws\/starting-a-new-business\/","title":{"rendered":"Starting a New Business?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2653\" class=\"elementor elementor-2653\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4d51ff6 elementor-section-height-min-height elementor-section-items-bottom elementor-section-boxed elementor-section-height-default\" data-id=\"4d51ff6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8fe8277\" data-id=\"8fe8277\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-eea13d5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eea13d5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-9c6d91a\" data-id=\"9c6d91a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ba96d1c elementor-widget elementor-widget-heading\" data-id=\"ba96d1c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Starting a New Business?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d424b86 elementor-widget elementor-widget-text-editor\" data-id=\"d424b86\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a class=\"breadcrumb-a\" href=\"https:\/\/development-work.com\/taylorlaws\/\">Home<\/a> &gt; <a class=\"breadcrumb-a\" href=\"https:\/\/development-work.com\/taylorlaws\/blog\/\">Our Blog<\/a> &gt; Starting a New Business?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-445b65c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"445b65c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bd618c1\" data-id=\"bd618c1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8e1bc79 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8e1bc79\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a36658f\" data-id=\"a36658f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-106c95f text-a elementor-widget elementor-widget-text-editor\" data-id=\"106c95f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Maybe you\u2019ve been dreaming up bizarrely fantastic fusion recipes since you were in college, or you and your best friend have come up with an unbelievably simple widget that\u2019s going to revolutionize an industry, or maybe you just want to sell ugly Christmas sweaters that you knit and your dog paints for a living.<\/p><p>If you\u2019re dreaming of starting your own business this year, you\u2019re not alone \u2013 43% of Americans are dreaming with you. But beyond dreaming about that big idea and perfecting your product or service, where do you even start? Well, I\u2019m glad you asked!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa30c4b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"aa30c4b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bfacb21 elementor-widget elementor-widget-heading\" data-id=\"bfacb21\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Three Things to Consider When Starting a New Business<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-177b605 text-a elementor-widget elementor-widget-text-editor\" data-id=\"177b605\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There are three things that are really important to decide before you write that resignation letter or call Richard Gere to come carry you away from your boring factory job while all your former coworkers slow-clap and wish they were you.<\/p><ol><li><b>What kind of business structure is right for you?<\/b> An LLC, a Corporation, a Joint Venture? This decision will have all kinds of consequences for the future success of your business. Not only is it difficult to change after you\u2019re up and running, but each particular structure has specific requirements and restrictions.<\/li><li><b>How are you going to structure your business?<\/b> Will you have a Board of Directors, and if so, how wise is it to ask your Sorority sisters? Are you taking the S-election? Are you going into partnership with someone you\u2019re sure will remain your best friend through all the ups and downs of the next 20 years?<\/li><li><b>Where\u2019s your money going to come from?<\/b> Outside investors, your own funds, maybe a bank loan? If you\u2019re looking for investors, they\u2019re going to want you to make like Jerry Maguire and show them the money. If you\u2019re using your home equity, do you understand the legal ramifications?<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bbfd36 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2bbfd36\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53fc13d elementor-widget elementor-widget-heading\" data-id=\"53fc13d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Answer These Questions Before Moving Forward With Your Business Idea<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bfc8f2e text-a elementor-widget elementor-widget-text-editor\" data-id=\"bfc8f2e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>These are all important decisions you need to consider as you move from the dream world into the reality of owning your own business and making it successful. If you have questions, give us a call! We would love to help you think things through!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84956ff elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"84956ff\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccd5b4b elementor-align-center elementor-widget elementor-widget-post-info\" data-id=\"ccd5b4b\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item 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class=\"elementor-element elementor-element-dfd0768 elementor-widget elementor-widget-shortcode\" data-id=\"dfd0768\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2811\" class=\"elementor elementor-2811\" data-elementor-post-type=\"ae_global_templates\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4859f74 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4859f74\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0811697\" data-id=\"0811697\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bbf926f elementor-widget elementor-widget-elementskit-contact-form7\" data-id=\"bbf926f\" data-element_type=\"widget\" data-widget_type=\"elementskit-contact-form7.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-form\"><p class=\"wpcf7-contact-form-not-found\"><strong>Error:<\/strong> Contact form not found.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f1411e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2f1411e\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div 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