Starting a Small Business in Northern Virginia<\/h1>\n
Congratulations on wanting to form your own business in Virginia! Entrepreneurship is the surest way to use your own talents to improve society while growing wealth.<\/p>\n
People often ask, \u201cI have an idea for a company\u2014when is the best time to get started?\u201d The answer is, \u201cRight now!\u201d<\/p>\n
Starting a business in Northern Virginia\u00a0<\/span>is regulated by multiple levels of government. It is irresponsible (and illegal!) to operate a business without following those laws and regulations. It is not difficult to get the ball rolling, but there are many considerations and forms to address. So it is wise to get the basic decisions and legal steps out of the way well before you want to start doing business<\/i>. That way, when an opportunity for your business idea presents itself, you are ready to pounce on it!<\/p>\n Argent Place Law does more than merely create paperwork for legal filings, the Firm is dedicated to making sure the you understand <\/i>what is required to start your company right, operate it successfully, grow its value, and ultimately exit in a manner that satisfies you.<\/p>\n Argent Place Law is the law firm For The Life Of Business and the life of business commences with a start-up process. Argent Place law provides various services that assist in the start-up process including:<\/p>\n Step 1: Decide your form of governance.<\/b> \u00a0Here are your options:<\/p>\n Step 2:<\/b>Register with state and local governments and the IRS. <\/b>All business forms except the Sole Proprietor and Partnership must register with the state, and pay fees to the state. Most businesses must also register with the local government to get a license (and pay local taxes). You need an Employer Identification Number (EIN) from the IRS in order to open a bank account in the name of the company, whether or not you have any employees.<\/p>\n Step 3: Have an agreement with your partners on how to run the company<\/b>. The partnership agreement (also called an operating agreement or shareholder agreement) is critical. Among other things it should include a buy-sell agreement.<\/p>\n Step 4: Decide how you pay income taxes. <\/b>LLCs and Corporations have the option to be taxed on income at the federal level in a special way called an S-Corp. Companies that choose the S-Corp election do not pay income taxes directly, rather all the company income as allocated to the owners who pay the income tax.<\/p>\n Step 5: Think about registering to use a fictitious name.<\/b> \u00a0Fictitious names are also known as the DBA or \u201cDoing Business As\u2026\u201d name. For example, \u201cRobert Sandborne Plumbing, LLC\u201d may advertise as \u201cFamous Bob\u2019s Plumbing,\u201d but only if a fictitious name is registered.<\/p>\n Step 6: <\/b>Protect your intellectual property<\/b>. \u00a0Stop and apply for a trademark on your company name. The application process also confirms that you are clear use use the name you have chosen. Other proprietary ideas should be protected as trade secrets or patents, and creative work such as software or graphical design, photography, or literary works should be copyrighted.<\/p>\n Argent Place Law wants to be your partner For The Life Of Your Business.\u2122<\/p>\n<\/div>\n <\/p>\n The Argent Place Solutions<\/b><\/p>\n Expected Results:<\/b><\/p>\n After consulting with Argent Place Law about your startup process\u00a0you can expect:<\/p>\n Starting a Small Business in Northern Virginia Congratulations on wanting to form your own business in Virginia! Entrepreneurship is the surest way to use your own talents to improve society while growing wealth. People often ask, \u201cI have an idea for a company\u2014when is the best time to get started?\u201d The answer is, \u201cRight now!\u201d… <\/p>\n\n
Here are six issues that are important to understand before starting your company in Northern Virginia.<\/h3>\n
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