Listen to episode 215 now
Today, we want to talk about the key members of your initial team. This is not your initial employee team. Instead, this is your team of consultants that everyone should have. Especially during your start-up phase. You need to get great advice from your consultants to make sure that everyone’s on the same page going forward
The first one is the accountant. Wherever you are, you’re going to have to play some pay some sort of tax. An accountant will help to organize your structure in the best way so that you pay the minimal tax.
You need a great lawyer right from the start. The lawyer will look at the structure you’ve chosen for your business and give their input. You want that lawyer involved at the beginning so you can build up that relationship over the term of your business. Leasing, employment agreements and IP are all going to need to be looked over by your legal team.
Your bookkeeper is different from an accountant. This is the person that actually enters all of your receipts and payments. At the end of the day, you’ve got to report all that properly. And you got to know where your money’s coming in and where its going. So getting a bookkeeper early on is a really crucial member of your initial team.
More about this Show
We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms. Most importantly we want to help you to develop a plan to take your business successfully into the future. There’s a startling statistic the underscores the importance of developing a solid plan. The majority of business owners are just seven months away from losing everything. A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly. Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients. We want to close that gap once and for all. We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.
Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV. We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with. Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.