Pursue passion, not paperwork
Countless entrepreneurs have turned hobbies into successful businesses. After all, it only makes sense to spend your time and energy doing what you love. Passion alone, however, will not ensure success. You still need to determine your tax status, file plenty of paperwork, comply with applicable laws and regulations, and cross off other tasks from your to-do list before opening.
No matter how focused you are on your core business, success depends on laying the proper groundwork first. Here are just a few essential startup tasks:
- Writing a Business Plan.
- Choosing the right legal structure and registering your business.
- Applying for all necessary licenses and permits.
- Writing and reviewing contracts.
- Paying taxes.
Some great ideas would never have surfaced if entrepreneurs were stopped in their tracks by these preliminary steps. Fortunately, Rocket Lawyer can help you clear these hurdles and limit your legal risk so you can stay on top of what’s important. Our pros can help you register your business, ensure your contracts are effective and enforceable, handle your taxes, and much more.
Protect what’s most important
As an entrepreneur, you invest plenty of capital and sweat equity into your venture. You might even borrow money against your mortgage. With so much on the line, it is important to do what you can to protect your assets. One way to limit your liability is to register your business as a Limited Liability Company, or LLC. It provides many benefits, such as shielding personal assets from business debts.
Ways Rocket Lawyer can help you move forward
If all of this sounds daunting, you are not alone. Rocket Lawyer can be your trusted partner, helping you clear those hurdles so you can focus on what motivates you every morning.
- Register your business.
Whether you are starting an LLC, corporation, or nonprofit, Rocket Lawyer can make registering your business a breeze. Our pros can help you determine which structure is best for you to get started. With a Rocket Legal+ membership, your first business registration filing is FREE (excluding state fees).
- Get a registered agent.
Most states require businesses to appoint a registered agent who is available to receive important legal and tax documents. A registered agent ensures important notifications do not get lost or overlooked. Our Registered Agent Services are available in all 50 states, and with a Rocket Legal+ membership, you get half off.
- Get everything legal all in one place
If legal minutiae is standing in the way of your new venture, we have your back. From making to signing all the legal documents you need to providing fast and affordable legal advice when you need it, you can rely on Rocket Lawyer for everything legal.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.
