Starting a small business puts your success in your hands. You can create value for yourself, your family and your community and your business can become your lasting legacy. When you create a strong business, your company should not only provide you with a living, but can also be handed down through the generations. The key to making this happen is to make a smart business plan and keep your plans updated as your company evolves so you are always moving forward.
German Law Group can help. Our firm has assisted many entrepreneurs in North Dakota and Minnesota with building businesses that provide a wide variety of products and services. We bring legal knowledge and business acumen to the table and can provide you with the right advice that you need to make your company as successful as possible.
Give us a call when you’ve got a great business idea, when you’re operating as a startup, or when your company is growing and expanding. We are here for you at all phases of business development and can answer questions including:
- Why do I need help from a business planning lawyer?
- What should be part of the business planning process?
- How can a business planning lawyer help my business in North Dakota or Minnesota ?
Why Do I Need Help from a Business Planning Lawyer?
Every smart business owner knows it is vital to do two things: set goals for future success and take steps to minimize risk. Starting a company is inherently risky, but this does not mean you should not do everything possible to protect your personal wealth and try to safeguard the company against loss.
German Law Group helps with both setting goals and minimizing and mitigating potential sources of loss. Our firm can help you to create a business plan with specific steps towards becoming profitable and expanding your organization. When you take steps to achieve these goals, like securing financing or entering into contracts, we can negotiate deals for you and review your paperwork to help you understand what you are signing.
Our firm also assists with identifying potential sources of loss, from lawsuits to breach of warranty claims to problems with business partners. When you know your risk factors, our firm will work with you to do everything you can within the bounds of the law to reduce possible problems. From negotiating a partnership agreement to writing an employee handbook and beyond, German Law will be there to help your business work within the legal system to keep assets safe and secure.
What Should be Part of the Business Planning Process?
The business planning process must be tailored to your specific circumstances. Startups will have a much different planning process than an established company looking to go public. German Law Group helps companies of all sizes and companies in all stages of business development.
While most business owners are familiar with basic components of planning for company success, such as identifying a target market and making a plan for profitability, there are also technical legal tools that can be used to better protect your organization and help it grow. For example, attorneys can assist you in selecting the right business structure so you will know if a corporation, Limited Liability Company (LLC), Limited Partnership (LP), or other type of business entity is the best one for your situation.
An experienced attorney can also help you to create a business succession plan, which is vital if you want your company to survive beyond your years and serve as a lasting legacy. You never know what the future will hold, so putting a business succession plan in place as early as possible is important to guaranteeing your business will be able to continue even if something happens to you.
How can a Business Planning Lawyer Help Your Business in North Dakota Or Minnesota
German Law Group has helped companies of all sizes in Minnesota and North Dakota with the creation of a comprehensive business plan. Our firm can help you to do the tasks necessary to prepare your business for a successful startup, for safe and effective ongoing operations, for growth, and for the transfer of your business to the next generation of leaders.
To find out more about how German Law Group can provide personalized, knowledgeable legal advice that you need to maximize the chances of building a successful business, give us a call or contact us online today.