Not everyone has the means to buy their own home. Instead, a lot of people have to rent before they can afford to make a purchase. When renting a property, you are going to be dealing with a landlord. You might get lucky and have a really good landlord. But, there is always a chance that you get a landlord that may try to take advantage of you as a tenant. Before you rent from someone, you are more than likely going to have to sign a contract. It is important that you read over the contract to know your rights. You are legally entitled to certain things. When reading over a contract regarding the place that you are going to be living, it is best that you fully understand what you are signing. There is no shame in taking the contract to an attorney to review, discuss and obtain the best advice possible as to the document. Las Vegas real estate attorneys can provide the help you need. They understand the law and your rights. They will be able to help you move into your new home without concerns.
Our First Home
Owning your own home is a great pleasure. It is nice to know that you finally have something to call your own. It is a milestone in your life. You have saved and now have something that is all yours. You are independent. You no longer have to live with your parents. However, before you can get the keys to your new home, and start moving in all of your belongings, you first have to complete all the paperwork. These documents were not written by the average person. Instead, they were written by a team of skillful lawyers, using lots of legal jargon. It is extremely important that you understand exactly what you are agreeing to do. Las Vegas real estate lawyers will be able to help you in this journey. They can explain and advise you on the contract and all the paperwork involved. Contact them today to be able to live in your home tomorrow.
Tips for Writing a Great Business Plan
Putting together a well written business plan is the one thing that will get your business noticed over others, especially if you need investors. Your business plan is also the framework you’ll follow to create success. It describes analysis of the financial data necessary to prove that your business can and will be profitable.
Your business plan should be able to…
… Attract investors. This is done by designing your business plan to persuade those who may be skeptical of your potential success. This objective may be achieved as long as your business plan has the following components:
- a persuasive introduction that specifically identifies a need for funding
- a mission statement describing the purpose and objectives of your business
- a detailed description of how your business will actually work (including, but not limited to, your product/service type, whether or not you’ll have employees, and how distribution of goods will be handled)
- a description of your marketing strategy
… Forecast the finances of your business. This can be achieved as long as your business plan includes the following:
- a profit and loss forecast
- a break-even analysis
- a cash flow projection
- a start-up cost estimate
At the end of the day, you want your business plan to be sufficiently detailed and accurate to convince investors (or yourself) that you own a viable business idea. To give your business it’s best chance for success, contact an experienced business lawyer in Las Vegas at 702.451.7077 today.
Real Estate
In real estate, there are many things that you probably don’t know. That is okay though. Dealing in real estate is not something that most people do on a daily basis. Unless you sell real estate, or are deeply involved in selling and buying, then you probably do not do a lot of dealings in the business. If that fits you, like it does so many other people, then you should not feel bad about anything. When you are dealing with different contracts, or trying to make sure that you are obeying all the laws during your transaction, then it is smart to contact Las Vegas real estate attorneys who can help guide and protect you. They can advise you as to what you should do in certain situations, as well as help you to understand state laws regarding the property. There is a lot that you can do by yourself, but if you have any question as what to do, then it would be smart to contact an attorney. When it comes to your new property, you want to make sure that you have all your ducks in a row. That will help give you the relief that the purchase you just partook in was done correctly and well and that you will have no problems in the future.
Importance of Writing a Business Plan
Once you decide that you want to pursue a particular business idea, writing a business plan should be your first step. This document will provide you a framework through which you can determine if your business will be viable and successful.
You need a business plan if…
… You want to start a business with the best chances for success.
… You want to accurately determine if your business idea will be able to be profitable.
… You want to know how much money you’ll need from investors to cover start-up costs.
… You want to hit the ground running with a well thought out marketing strategy already drafted and researched.
Perhaps the most important reason for a business plan is because you’ll never be able to land investors without it. Potential investors want to see that their money will not be squandered frivolously. They want to know that the money they invest in your business will be put to good use and ultimately earn a decent return on investment. The business plan demonstrates for potential investors whether a business will likely succeed before any money ever changes hands.
For more information about building a business and the proper entity to use to conduct it, contact a business lawyer at 702. 451.7077 today.
Will Your Business Be Successful?
When you think about starting a business, one of your first thoughts should be whether or not your business will be successful and profitable. You may be able to find this out before you ever start by preparing a break-even analysis.
A break-even analysis will help you to understand how much revenue you need to bring to the table in order to make any profit. Knowing how much you have to make in sales before you break even is critical to the ultimate success of any business. You want to know that you can easily cover your expenses and provide for yourself/family.
Once you prepare a break-even analysis, you will be left with one of two possibilities:
- Your analysis shows that your break-even point is higher than you expected. You may either forgo the idea altogether or adjust your plan to lower costs wherever possible.
- Your analysis shows that you don’t need too much in sales revenue to break even and that you can proceed with your business plan. Next, you’ll want to make more calculations to ensure your business idea is financially sound before you start investing your hard earned cash. It’s a good idea to prepare a profit-and-loss forecast, a cash flow projection, and a start-up cost estimate.
Once you have your break even analysis, you are well on your way to developing a sound business plan. For more information about building a business, contact a business lawyer at 702.451.7077 today.
Is Your Business Idea the Right Business For You?
There comes a time in many people’s lives that the idea of starting a business becomes very tempting. You’ve now been thinking about it for a while and you even believe you have a pretty good idea. However, you want to make sure that your business idea is one that truly works for you and your lifestyle.
What to Do
- Know the business inside and out. This is easier when you choose to start a business in a field about which you’re passionate or have a lot of experience. Running a business is hard enough, so give yourself an edge with extensive knowledge of the industry you choose.
- Research the startup costs, overhead, and expenses you can anticipate dealing with as a business owner in that industry.
- Try out the business, even if that means working for free. You may find out that you truly have no interest maintaining a business in the industry you’ve chosen.
What NOT to Do
Naturally, there are a number of different things you absolutely should avoid when considering whether your business idea is right for you. Here’s just a few:
- Don’t pick a business venture just because it seems to be popular or promises instant success. Those empty promises rarely work out in your favor.
- Don’t borrow money just because you can. Make sure you have a thought out plan with the help of a business lawyer in your area. You can call 702.451.7077 to schedule a consultation and get your business idea started on the right track.
Choosing the Perfect Business Name
Choosing a name is possibly the most important part of establishing your business. The name is your brand, how you’ll be known across the internet and how customers will refer to you. Take some time coming up with a good one.
Tips to Choosing the Perfect Business Name
#1 | Be Original
The more original, the better. You don’t want your business to be confused with another business because you can lose potential customers. Also, there are numerous copyright and trademarking laws in play with business names that are already established. So, choose an original name to avoid starting your business off on the wrong foot.
#2 | Research
Once you settle on a name, go to the U.S. Patent & Trademark Office’s database. There, you can look for similar business names, misspellings, and more that can interfere with the success of your business in the long run.
Then, go to your Secretary of State’s website to make sure your business name is completely original. This step is only necessary if you’re going to be doing business as a corporation, LLC, or limited partnership.
As a general rule of thumb, it’s also a good idea to see if your business name is available as a web domain. If it’s not, you may want to reconsider the name you’ve chosen. In this technological age, a business must have a web domain. If your business name is being used by a different website, again you’re setting yourself up for confusion and profit losses in the future.
#3 | Seek Help
Reach out to an experienced business lawyer to make sure you are taking the right steps to ensure your business’s long-term success. You can call 702.451.7077 to schedule a consultation today.
Choosing The Right Business Entity
Depending on who you ask, the hardest part about building a business is deciding which business entity is going to best serve your needs. You want to make sure that you have the room to grow and expand. You also want to make sure that you’re protected from liability.
Unfortunately, there are so many different ways you can build the infrastructure for growth and protection, it can make your head spin. So, check out this resource to learn about the different business entities available to you.
The main options you can choose from include but are not limited to:
- Sole Proprietorships
- Partnerships
- Limited Liability Companies (LLC)
- Corporations
You’ll learn how each of the business entities work (on a basic level) and how each can be a benefit or a detriment to your business plan.
Once you think you have an idea of the direction you’d like your business formation to take, call Marc Simon Law at 702.451.7077 to schedule a consultation. An experienced business lawyer will help you get your business off on the right foot for its ultimate success.
Finally Grasp The Different Types Of Business Formations
Now that you’ve decided to open a business, you have to determine the type of business formation that will best suit your needs and protect your assets. Here is a quick guide to give you a basic understanding of the most common types of business formations.
Sole Proprietorship
This is a type of business structure in which there is one person who owns the business under their name. You only need to register with the state if you are going to do business under a name other than your own.
Since a sole proprietorship technically isn’t a legal entity, it doesn’t offer much in the name of legal protection. Income and expenses in this type of business formation are reported on Schedule C of your personal income tax return. Professionals, consultants, and independent contractors are usually sole proprietorships.
Partnerships
There are two main types of partnerships: general and limited. General partnerships are best for joint business ventures where profits, liability, and managerial responsibilities are shared amongst the partners.
A limited partnership is more common because it protects the partners from the liability of other partners. In this type of business formation, each partner makes an investment and signs a written agreement that communicates the amount of shares, responsibility, and liability each partner will have.
Limited Liability Company (LLC)
This is a special type of business formation that combines the benefits of partnerships and corporations. It offers members protection against personal liability like a corporation does, without corporate taxes.
Naturally, there’s a lot more information required to fully understand the numerous types of business formations out there. To be sure that you have the protection you need to conduct business successfully, contact a business lawyer at 702.451.7077 today.
