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Business Law FAQ's Starting a Business
I. Overview IV. Organizing Your Business
II. Financing and the Business Plan V. Hiring Employees
III. Permits, Licenses, and Other Legal Concerns VI. Business Insurance
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Financing and the Business Plan

When starting a new business, you will need to finance it and set up a business plan. An experienced business law attorney can help you to take these steps.

There are a large number of costs associated with any new business. You must consider one-time expenses and start-up costs, from construction and renovation to inventory to advertising costs to hire new employees. You will need to draw up a business plan and organize your business.

Typically, financial institutions and other investors require a business plan before agreeing to finance a new business. Your business plan should include:

  • A description of the business and its features.
  • What goods or services you will sell.
  • A marketing plan that indicates your customer base.
  • Research showing a need for your business.
  • Staffing and management plans, showing how you will organize and run your business.
  • Financial plans. These should show the cost of starting, operating, and maintaining the business and indicate what profit is expected and when.

A potential new business owner must always be aware of the costs involved in starting a new business. All start-up costs and one-time expenses must be considered. The business owner will want to contact a financial institution and/or other investors in order to obtain financing.

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If you would like to schedule a initial consultation contact an Illinois business law attorney, representing clients in Rock Island, Illinois at the Teitle Law Offices. Give us a call at (563) 345-4100 or email us at info@teitlelaw.com.
  Estate Planning / Probate
  Business Law
  Family Law
  Personal Injury
  Real Estate
       For Sale By Owner

  2550 Middle Road,
Suite 604
  Bettendorf, IA 52722
  Phone: (563) 345-4100
  Fax: (563) 345-4111
   

Rock Island, Iowa Attorneys offering a broad estate planning / probate, criminal law, family law, guardianships and adoption, juvenile law, medical malpractice, motor vehicle accidents, personal injury, real estate, for sale by owner, trucking accidents, and wrongful death. Lawyers at the Teitle Law Offices office are dedicated to represent clients in Eastern and Central Iowa, including the cities of Davenport, Iowa City, Cedar Rapids, Muscatine, Clinton, Maquoketa, Tipton, Dubuque, Ottumwa, Wapello, Burlington, Waterloo and the communities that make up Scott, Johnson, Linn, Mucatine, Clinton, Jackson, Cedar, Dubuque, Wapello, Louisa, Des Moines and Blackhawk counties. We also represent clients in Central Illinois, including the cities of Rock Island, Aledo, Cambridge and Morrison and the communities that make up Rock Island, Mercer, Henry and Whiteside counties.

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© MMIX Teitle Law Offices Address: 2550 Middle Road, Suite 604, Bettendorf, IA 52722 Phone: (563) 345-4100 Fax: (563) 345-4111 Email: info@teitlelaw.com
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