Seven Legal Tips For Entrepreneurs

Your time is valuable, and your financial resources may be tight as you put a new business idea into action. In order to be successful, it is important to focus on your strengths, and hire professionals to handle the financial, legal and administrative details essential to growth of your business.

Do You Have All The Help You Need For Your Kansas Or Missouri Business?

At The Law Offices of McQuain, DeHardt & Rosenbloom, P.C., our business law attorneys have provided business and tax law assistance to business owners, entrepreneurs and corporations in the Kansas City metro area for more than 40 years. We have compiled some top tips to help you avoid potential disputes or litigation:

  • Start with a firm foundation for your new venture by analyzing and choosing an entity type that best suits your current and future needs.
  • Establish a business plan that not only gets you off to a good start but also gives you direction for succession to the next phase of your life.
  • Plan for smart growth of your business instead of reacting to changes and financial needs as they arise.
  • Carefully draft and review all operational and external contracts, paying special attention to the fine print.
  • Attempt to negotiate and settle disputes before you end up in court. Alternative dispute resolution tactics can be far less expensive than litigation.
  • Use a business lawyer to prepare your tax returns to avoid potential liability and to take full advantage of tax law provisions that may help your business.
  • Recognize that personal legal issues can negatively affect your business. A divorce can drain your financial resources and a criminal charge can damage your business reputation or cause you to lose your driver's license. Fighting with an insurance company about a personal injury claim is emotionally exhausting and time-consuming.

Don't spend even a minute away from your business if you don't have to. For all of your tax questions and legal concerns, let the lawyers at The Law Offices of McQuain, DeHardt & Rosenbloom, P.C., guide you to efficient and cost-effective solutions. Send us an email or call us at 816-533-7740 to schedule a free initial consultation.