How can I ensure the success of my new business?

Author:

Business sense means more than interpreting a profit and loss statement and it can be more complex than any tax code. Running a successful business requires a level of vigilance and preparedness that can be problematic for most first-time entrepreneurs. It’s the reason that many businesses close before their first year; most before showing any measurable profit.

Business Planning

All businesses start with the best of intentions, but why do so many close—and so soon? It all boils down to the same error: Poor Planning. Imagine building a brick house with a mattress as a foundation: you might get by for a few months, but then the bricks start to shift and the whole thing comes crashing down around you- definitely not where you want to be.

Hard work, enthusiasm and great ideas will only get you so far, careful planning makes the difference. That’s where a qualified business attorney can make all the difference to your success.

Brumley Law Firm, PLLC offers the expertise of two attorneys who are also MBA graduates- Joshua R. Brumley, our managing partner, and Laura Tochney. They are prepared to handle your business needs; the ones you’ve identified as well as those potential pitfalls you haven’t yet considered. Our team is ready to meet you where you are and work with you to develop a plan to help your business thrive.

Business Formation in Washington

Brumley Law Firm, PLLC offers members of our business community support in three key areas:

Formation—Start your business on the best possible footing. We’ll help you navigate the complexities of partnership formation. Is an LLC the way to go? How will my income be taxed?
Defense—Once you’re off and running with a healthy balance sheet, you become a target. Do you have sufficient insurance to protect your business? What’s your online reputation? Are you a target of a disgruntled employee with an ax to grind? Are your contracts up to legal scrutiny? Do you have adequate employee practices and procedures?
Revenue—Your collectibles are high- what’s your plan for collecting that debt? A targeted collection letter is a low-cost attorney engagement that can get you results.

The day-to-day operations requires all of your focus. Having a qualified business attorney at the ready frees you up to perform the services or provide the goods that motivated you to become a businessperson.

Contact the Brumley Law Firm, PLLC, and make an appointment for a free business consultation to discuss the ways that partnering with our firm can protect your investment, your passion, and your bottom line. info@brumleylawfirm.com or (253) 236- 4079.