Checklist for Potential Owner in Starting a New Business

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					               Checklist for Potential Owner in Starting a New Business

1.       Background:
        Assess your strengths and weaknesses;
        Assess your financial resources;
        Establish business and personal goals;
        Identify the financial risks;
        Determine the start-up costs;
        Decide on your business location;
        Do market research;
        Identify your customers;
        Identify your competitors;
        Develop a marketing plan;
2.       Business Transactions:
        Retain an Attorney;
        Choose a business organization (e.g., sole proprietorship, partnership, limited
         liability company or corporation);
        Form your business (e.g., incorporate the business, register its name, etc.);
        Retain an Accountant;
        Prepar
				
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Description: This form is a checklist for starting a new business. This form includes background work, business transactions that must occur, critical first steps, and more.
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PARTNER William Glover
I received my B.B.A. from the University of Mississippi in 1973 and my J.D. from the University of Mississippi School of Law in 1976. I joined the firm of Wells Marble & Hurst in May 1976 as an Associate and became a Partner in 1979. While at Wells, I supervised all major real estate commercial loan transactions as well as major employment law cases. My practice also involved estate administration and general commercial law. I joined the faculty of Belhaven College, in Jackson, MS, in 1996 as Assistant Professor of Business Administration and College Attorney. While at Belhaven I taught Business Law and Business Ethics in the BBA and MBA programs; Judicial Process and Constitutional Law History for Political Science Department); and Sports Law for the Department of Sports Administration. I am now on the staff of US Legal Forms, Inc., and drafts forms, legal digests, and legal summaries. I am a LTC and was Staff Judge Advocate for the Mississippi State Guard from 2004-2008. I now serve as the Commanding Officer of the 220th MP BN at Camp McCain near Grenada, MS. I served on active duty during Hurricanes Dennis (July, 2005), Katrina (August, 2005) and Gustav in 2008. I played football at the University of Mississippi in 1969-1971 under Coach John Vaught. I am the author of the Sports Law Book (For Coaches and Administrators) and the Sports Law Handbook for Coaches and Administrators (with Legal Forms),