Work with a Business Planning Lawyer
Todd Jackson Law
Looking for a legal professional adept in business planning? Consider Todd Jackson Law. Our firm, located in Franklin, TN, serves businesses and individuals throughout Tennessee.
Why create a business plan?
A well-thought-out business plan is a key element to long-term success. A businessman or entrepreneur equipped with a foolproof business plan can make informed decisions and better actions. Planning a business, however, shouldn’t be done alone. If you’re taking on an exciting entrepreneurial venture, team up with the right business lawyer to eliminate legal complications and allow your business to sail smoothly.
Why consult an attorney for business planning
A business plan should define the company’s functions and objectives, may it be long-term or short-term. Specifically, it should mostly include the following: purpose and description of the company, executive summary and legal structure, market analysis, products and services, sales and marketing strategies, financial plan, and projected income statements.Â
“Why do I need a lawyer for this when I can do it myself?”, you may ask. Yes, you know your business and its goals, so planning it will come naturally. And while hiring personal employees like accountants, secretaries, and tech experts may come with obvious reasons, hiring a business lawyer may not be apparent. This notion, however, is a common misconception. You need a lawyer to ensure that your business is functional, successful, and compliant.Â
Planning and establishing a business with business lawyers can help you avoid money and time-consuming liability issues, so you need to work with the right expert who has vast experience and extensive practice involving business laws. The selection may be endless due to competition, but don’t look too far. Todd Jackson, one of the leading business lawyers in Tennessee, is just one call away.Â
Todd can handle tasks and issues beyond the scope of regular business owners. He can make sure that your business complies with federal, state, city laws by providing personalized assistance, establishing legal protection, and preparing legal documents. While your business is still in its early stages, Todd Jackson Law can make sure that you’re always one step ahead.Â
Legal Matters
Frequently asked questions about Business Planning
Frequently we see clients in need of business planning legal services. As subject matter experts, we frequently guide clients with the following types of questions. When in doubt, it is a best practice to consult with an experienced lawyer. Have a question about business planning? Give Todd Jackson Law a call.
A business plan is not just a straightforward document summarizing the functions, products, and services of the business to potential customers, investors, and banks. It can also give you a clear picture of your financial plan and market projections so you can achieve your short-term and long-term goals.Â
As soon as you start your business application process. If you can already afford a lawyer, it’s important to hire and retain a business lawyer while your business is in its early stages. A quick consultation with business lawyers in Tennessee like Todd Jackson can expedite your business planning and prevent serious legal disputes. Business lawyers can help you come up with a business plan that has a strong legal foundation.
When planning your business, there are issues you can handle on your own. But there are also business matters that require legal assistance. A business lawyer can draft business contracts, establish protection for copyrighted and trademarked materials, and summarize interstate and international legal issues.Â
Things to consider with Business Planning
Tennessee Law
Before you establish a business in Tennessee, you’re required to do the following: identify your business formation or entity, register a business name, file for an Employer Identification Number (EIN), apply for state licenses and permits, and pick a business location. Business owners and business lawyers in Tennessee are required to interact and transact with TN Department of Revenue, TN Secretary of State, and TN Department of Labor & Workforce Development for licenses and permits. Tennessee has specific business entity laws for sole proprietorship, partnership, corporations, and LLC, but they mostly revolve around taxes and trade practice. It’s best to understand how the state’s laws on antitrust, deceptive trade practice, interest rate, and tax fraud / evasion work.
Risks
Most start-up businesses, especially those that are handled by relatively new businessmen and entrepreneurs, have enough risk to challenge business plans and objectives. Food and technology businesses have a high degree of product risk; insurance or financial companies are prone to economic and security risks; corporations and non-profit organizations are exposed to operational and reputation risks. Risks and threats are always there, so a business should always have a contingency plan. The best way to avoid these risks and move forward confidently is to hire a business lawyer and have him or her evaluate your business plans.
Federal Law
Businesses should keep an eye on federal-level laws involving Intellectual property, taxes, employment, health care, advertising, privacy, and finance. Although your legal responsibilities will depend on your business entity and location, here are some specific laws in the United States that you should consider when you draft your business plan: Copyright Law of the United States, Occupational Safety and Health (OSH) Act, Privacy Act, Fair Labor Standards Act (FLSA), and Federal Trade Commission Act (FTCA).
Costs
Different types of business formations have different pre-opening and post-opening startup costs. Aside from legal and professional fees, you should also allot money for research, equipment and supplies, advertising and marketing, and human resources. Todd Jackson Law can help estimate your legal and professional fees and give cost-effective advice for your business plans.
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business planning lawyer?
Choose Todd Jackson.
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Contact Us
3326 Aspen Grove Dr #400, Franklin, TN 37067
Hours: 8:30 am – 5 pm
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