Customer Reviews

Legal Guide For Starting & Running A Small Business (8th Edition)

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One of the largest consumers of attorney time is educating his client on the legas aspects of whatever the client wants to do. And this is time that is in the two to three dollar minute category. What I find that this book does is enable the small businessman to save attorney time.

If you want to start a business, learn about LLC's (Limited Liability Corporations), and S-Corporations (Corporations formed under subchpter S of the IRS code) and others before you go see the lawyer. When you get to the lawyer, say I want you to form a "whatever you want" type corporation, it's name should be "whatever you've picked," the directors are "A, B, and C." And have this written down. If you tell the lawyer these same points, he will have to write them down at dollars per minute.

What this book does, is give you the background to save an awful lot of attorney time. Think of the cost of the book as being eight or ten minutes of attorney time.

One thing that I'd emphasize a bit stronger than was brought out in the book is find and register a web domain name and make it the business name. The book tells you about checking on domain names, I'd just suggest that you combine this with the business name.

One more thing, he suggests you go to www.networksolutions.com to check on domain names. That's fine. But for registering the name, Network Solutions charges $35 a year. www.GoDaddy.com will also let you check on name availability at no charge and then only charges $8.95 a year for the registration.

I found this book very useful with lots of very valueable info. The authors have done a good job here.
I think that everyone interested in starting their own business should read it.
I'd also like to suggest that you read Untapped Wealth Discovered by Jeff N Marquis and Kerry J Harrison.
This book gives a fresh new approach to starting different types of small businesses and shows you how to avoid those false promises and get rich quick schemes.
Both editions are very insightful.