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Tired of Laboring for Others?

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Starting a business is exciting, but be sure you do your homework so you are set up for success. First, investigate local rules for starting up a business. Every area has different requirements. Then:

• Register with the IRS for an employee identification number.

• Open a business bank account. Don’t ever co-mingle business and personal funds.

• Draft a buy-sell agreement to sort out future ownership.

• Write everything down. Handshakes are nice, but written agreements are the only real guarantee for contracts and business deals.

• Consider working with an attorney to make sure you are doing everything required by law.

Joe Stengel, Evans Case, LLP

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