New Year, New Business: How To Start Your Own Business in 2025

On Behalf of Ezell Law Firm, LLC

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Jan 14, 2025

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Business Formation

Many people start the new year with major plans to change their lives. They want to make more money or take more control over their daily experience. Starting a new business is a way to achieve both of those goals and many others.

Those living in Louisiana who want to start a new business often require support during that process because it can be very complex. What does starting a new business usually require?

Choosing the business type

There are many different types of business entities that people can create. From partnerships and sole proprietorships to limited liability companies, c-corps and s-corps, each option has benefits and drawbacks.

Retaining a business law attorney

The paperwork required to start a business can be very complex. An attorney can assist with the process of filing the necessary paperwork. They can also provide guidance in many other crucial areas of the business formation process.

Formally registering the entity

A business only comes into existence when an entrepreneur files paperwork with state authorities. They may also need to secure licensing or permits from the state if they intend to provide certain types of services.

Learning about tax regulations

Tax laws are different for businesses than for individuals. Entrepreneurs often need help understanding the tax rules that may apply to their business and also communicating with the IRS to obtain an employer identification number (EIN).

Creating a fundable business plan

Any workable business model requires an in-depth business plan. Many entrepreneurs require outside funding in order to execute that plan. Evaluating options for funding and putting together a thorough business plan that can appeal to investors or lenders are both activities that often require the support of someone familiar with business law.

Hiring staff

Even relatively small businesses generally require at least a few employees. Entrepreneurs need help learning about employment law and putting together employment contracts. They also need help ensuring that they maintain appropriate records and consistently comply with all applicable labor laws.

Developing a brand

Marketing is crucial to organizational success. Every company that wants to compete generally needs to establish a brand.

From developing an online presence to registering a trademark, there are many components of marketing that can be difficult for someone to fulfill on their own. Protecting original creative works and trademarks is also an important consideration for those starting a business.

Staying updated on the law

Regulations change quickly, and they may change again when the courts have to review those new regulations. Entrepreneurs need help tracking adjustments to municipal, state and federal statutes. They may need to have support from a professional who can understand the implications of those legal changes given the type of business that they run.

Reaching out to the team at the Ezell Law Firm, LLC by clicking here or calling 225-763-2272 can help those who want to start a business explore their options. With the right support, entrepreneurs may be able to improve their chances of establishing a successful company.