Business start-up refers simply to the creation of a new corporation. It could be a completely new entity or reinstatement of an existing entity where the corporation was halted or terminated.

Termination of a corporation can be a voluntary act or decision of the majority shareholders.

Involuntary, or unintentional, termination is the opposite. If the dissolution of the association was caused by reasons other than the decision of the majority of shareholders, then it is unintentional.

Entrepreneurship is quite complicated. A number of things need to be considered before starting to do business and making transactions.

For example, a business attorney from Los Angeles who is an expert in corporate law in California will be very useful in the process of starting a business. But an attorney from New York who only deals with New York corporate law wouldn't be helpful in establishing a corporation in California.

Here are some steps that your lawyer can help you with in establishing your company:

Choose a name for your business and to checking availability

Make sure the name you choose is unique and enjoyable for your market and you are not violating the rights of any person to a name. Trademark law prevents companies from using names that can be confused with another company name.

Record the name of the company

Your company name is automatically registered when you file your articles of incorporation and the filing will ensure that no other legal entity may use the same name. However, if you plan to sell products or services under a different name, you must also file a fictitious name.

Choose a place to incorporate

If you plan to do business only in your home country you can register your business there. But if you plan to do business with other countries you might need to register as a foreign corporation in whatever other country you'll do business.

Choose Administration

According to the size of company, the board, or steering committee, may have a number of members. Administrators are usually indicated in the bylaws.

Create the corporate status

Status acts as a charter which proves the existence of your company. Included information for the corporation is the name and address, the purpose or mission, the registered agent and the stock information.

Create business bylaws -- These are generally as follows:

Identifying information
Administration and business leaders
Shares and share class
Corporate record-keeping methods
Amending sections


Create a shareholder agreement

Create a buyout and buy-sell agreement so that the company will be prepared in case an owner retires. A buy-sell agreement controls how the shares can be bought and sold.

Filing Articles of Incorporation

These are recorded for each state and country in which the company incorporates and the fees and costs are paid. A good business attorney can help tremendously with this stage.

Open a company account

Corporate accounts must be separate from personal accounts and business accounts and are to be for the exclusive use of corporate operations.

Create a minutes book

Start a minute book to monitor the meetings of the company.

And licenses

Before starting operations, obtain permits and licenses from the federal government, state and local government. This is another stage of the business creation where a business attorney can provide insight.

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