What Documents do I Need to Form a Business in New Jersey?
Starting a new business can be a very exciting part of a person’s life. However, it can also be somewhat overwhelming, as there are many different things to remember and take care of during this time. For example, in order to form a business, the soon-to-be business owner is required to complete the necessary paperwork in order to make it official. It is important to be sure that this is taken care of, as it can negatively impact a business in the long run if anything is missing. It is because of this that it can be beneficial to retain the services of an experienced New Jersey business formation attorney for guidance during this time.
What Paperwork Do I Need to Complete?
Rarely does a person ever enjoy doing paperwork, as it can seem daunting and be a tedious task. However, it is entirely necessary in order to form a business and protect it from potential future legal pitfalls. Completing the proper paperwork is a crucial step to ensure your business is ready to take off and begin. During this time, some documents that are required of a business can include but are not limited to the following:
- Non-disclosure agreements
- Employee agreements
- Memorandums of understanding
- Online privacy policies
Businesses can also benefit from a variety of other types of paperwork as well. This can include writing a business plan, opening a company bank account, receiving a Federal Employer Identification Number, leasing an office as workspace, obtaining any required permits and licenses, having an accounting system, and more.
Do I Need Insurance?
Most businesses are different from one another and have different needs. Depending on their personal situation, a business owner may need to obtain certain insurance policies. This may be business, employee-related, and/or government-mandated. These can vary based on the business’ location, structure, and the number of employees they have. In addition to this, businesses who have employees are required to have unemployment insurance and workers’ compensation insurance. Other insurances may be beneficial, such as disability and health insurance. A trusted business formation attorney can assist business owners in obtaining the necessary insurances required by law.
Contact our Firm
The Law Offices of Richard E. Novak, LLC has over 25 years of experience helping clients through tough times when they need it most. If you need assistance with any intellectual property, traffic violations, or business law matters, our firm is here to help. It is critical that you pick the right attorney who can protect your rights. Contact The Law Offices of Richard E. Novak, LLC for a consultation.