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Posts tagged "Business Formation & Planning"

Opening your first business? These 3 tips can help with your plan

As someone who is just starting out on an entrepreneurial journey, it can be tough to know which steps to take to set your business up right. Fortunately, there have been many people who have gone through this same situation in the past, which means that there are tips and tricks that can help you, too.

Set up a limited liability company for your own protection

You've been living in Kentucky for a while, and you finally feel like this is the place you want to put down roots. Part of doing that is opening your business so that you can build up an income and give back to your community.

Understand the specifics of opening a business in Kentucky

Opening a business in Kentucky involves more than just finding a location and opening your doors. There are several things that you must do if you're going to start a company in this state. Understanding each step is beneficial and can help to ensure that you don't miss anything.

Tips for finding investors for your start-up company

Some businesses rely heavily on investors when they're first getting started. It's imperative that you take the time to ensure that you're looking in the right places for them. It's going to take some homework for you to connect with a network of people who are good fit for your company.

Remember these points to establish an LLC

When you're starting a business, one key decision you have to make is what type of entity you want to use. Because of the division between your personal assets and the company, you might decide to form a limited liability company, which is commonly known as an LLC.

Choose the structure and build the foundation for your company

Building a business is a big undertaking. While you might be tempted to start growing it as soon as possible, you must ensure that it has a solid foundation so that you have something to build upon. One way you can do this is to ensure you choose the most appropriate structure for the business. This impacts a host of factors, including personal protection and taxes. We know that this might be a lot for you to take in, but we are here to help you go through the possibilities, so you can move forward with the one you feel is best for your company.

Major bankruptcy affects Kentucky company and its vendors

It takes a lot of work to get a business off the ground. When someone is going it alone, it can feel like the work is not going anywhere near profit, but it is an investment in smooth operations in the future. When companies rely on each other to stay afloat, planning is very important to keep things running until they improve.

How do businesses get taxed in Kentucky?

It's a big part of the American Dream to be your own boss, and there are a lot of ways to feel like that dream is your reality. But none are perhaps better than owning your own business. Without planning, however, that dream can feel like a nightmare that takes up valuable time and resources.

How do I write a strong partnership agreement?

One of the most important legal documents you can have on file when starting a company is the partnership agreement. This document can help prevent a lot of disputes down the road if it has been written correctly and with both partners in mind.

Call 502-584-1000 to speak to a lawyer today.

  1. Charles W. Dobbins, Jr.

    Charles earned his J.D. degree from the University of Virginia in 1974

    He was graduated from Washington & Lee University in 1970 with a B.A. with Distinction

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    Mark W. Dobbins

    Mark earned his B.A. from Emory University.

    He earned his J.D. from the University of Louisville.

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    Patrick T. Schmidt

    Patrick earned his B.S. in Accounting from the University of Kentucky in 1989.

    He earned his J.D. from the University of Kentucky in 1992.

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    Terrence L. McCoy

    Terry earned a B.A. from Dartmouth College in 1964.

    He earned his J.D. from Duke University in 1967.

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    Lisa Koch Bryant

    Ms. Bryant has extensive commercial litigation and bankruptcy experience. Prior to entering private practice, Ms. Bryant served as head of litigation for the Federal Land Bank of Louisville.

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  2. Wm. Stephen Reisz

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

    Thomas earned his J.D. degree from the

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    Sandra F. Keene

    Sandra earned her Bachelor of Health Science degree, with Honors, from the University of Louisville in 1982.

    She earned her J.D. degree from the

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    Elizabeth M. Jenkins

    Colgate University, B.A., Political Science, magna cum laude, 1983

    University of Virginia, J.D., 1992

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    Edward L. Galloway

    Ed graduated from Indiana University in 1967 with a degree in history.

    After obtaining a master’s degree in political science from the University of

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    Thomas G. Karageorge

    Thomas graduated from the University of Louisville Business School with a B.A. in 1973

    Thomas earned his J.D. degree from the

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  3. Tacasha E. Thomas

    Tacasha attended Harvard University in Cambridge, Massachusetts during the summer of 2001, where she studied courses in law and psychology.

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    Ayala Golding

    Ayala received her J.D. in 1994 from the University of Louisville, Louis D. Brandeis School of Law, Louisville, Kentucky, where she was a member of the Brandeis Family Law Journal, and

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    Kacie A. Wilkinson

    Kacie A. Wilkinson recently joined Tilford, Dobbins & Schmidt, PLLC, where she practices in the areas of business law & transactions, real estate, estate planning and probate.

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    Gwendolyn Chidester

    Gwen recently joined the Firm after being employed by notable Louisville companies for over 15 years in a variety of capacities including Corporate Counsel, Director of Human Resources, and Risk Manager.

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    William A. Buckaway, Jr.

    Bill earned his B.A. from Centre College in Kentucky in 1956.

    He earned his J.D. from the University of Louisville in 1961 where he was a

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    Terrell L. Black

    Terry earned a B.S. in Social Science from Campbellsville College in 1966.

    In 1969, he attended graduate school at Eastern Kentucky University focusing on

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    John A. Wilmes

    John was admitted to the Kentucky bar in 1977 and admitted to practice before the U.S. District Court, Western District of Kentucky in 1979.

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