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As you're planning your startup and how to get an edge on competitors in your market, you should be wary of antitrust, intellectual property and other laws and regulations that could significantly impact you and your business.
For business owners in Allentown, Philadelphia or Pittsburgh, it's important to understand state and federal laws and know how to proceed when a legal issue develops. LawInfo has the Pennsylvania small business law information you need from choosing a business structure to setting up employee benefits.
Legal issues crop up for all businesses, be it contracts, taxes or employment. Legal questions and issues will vary widely by industry and it's a good idea to consult a business attorney beforehand. But a small business owner may encounter legal issues such as:
A business plan is not only a useful tool for putting your goals for your small business on paper—it's also an important document for financiers and investors. There is no one “right” way to write your business plan, but your attention to detail and thoroughness in research can help you and others measure your preparedness as a small business owner.
There are several key parts your business plan should include, such as:
A business plan's primary objective is to prepare you for the various stages and issues in the startup process. A small business attorney can help you ensure that you've covered all the bases you need in your business plan to meet you and your financiers' expectations.
More often than not, small business owners will turn to alternative sources if they can't personally finance their startup. Your business's structure will often influence which financing sources you'll turn to. A few of the financing sources you could possibly use include:
Pennsylvania's Small Business Assistance Network provides useful resources for local startup financing. You can find information about federal, state and private financing programs available to small business owners on the SBAN website.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified business lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local business attorney to discuss your specific legal situation.