The New Year is the perfect time to start thinking about your legal resolutions for the year. Just like individuals make resolutions to get in shape, stop smoking, or reach new goals, business owners should make resolutions about their financial, marketing, or legal goals for the year. Setting goals can help your business succeed regardless of the economic times we are living in.
Legally, you should consider making goals that will help you both increase your profit and decrease you liability. The following are just some of the goals you may want to consider. If you are currently operating as a sole proprietor, you may want to consider incorporating or forming and LLC to receive legal and tax advantages. If you are currently using a tradename, trademark, or other intellectual property that is not currently registered or copyrighted then it may be time to ensure the property steps are taken to protect your rights. If you are contracting with clients, it may be time to consider either using contracts if you currently are not or having your contracts reviewed.
To determine what services would be most beneficial to your company to help you be profitable in 2009, please contact me today for a business assessment.