By: Brian J. Meli
This is Part 1 of a two-part article on the legal basics of starting a business. Part 2 can be read here.
It starts with a great idea and ends with a thriving, profitable business. Every entrepreneur’s vision is the same: take a conceptually promising idea and with a lot of hard work and a healthy dose of ingenuity, turn it into a successful commercial enterprise. But as any entrepreneur worth his seed money knows, it’s always easier on paper than it is in execution. The reality is that, more often than not, the business goals of a start-up go unmet; the lofty dream of seven figure revenues, unfulfilled.