Myreviewsnow Looks At Opening A Business

About Rocket Lawyer:
People thinking of opening a business may consider Rocket Lawyer for access to attorneys and documents for establishing any type of business structure available. The company offers numerous legal plans and packages for devising legal documentation for incorporation services, business contracts, confidentiality agreements, consulting agreements, patents, non-compete agreements and independent contractor agreements.

The Importance of Securing Appropriate Legal Documents
Before opening a business, business owners must establish the legal requirements to operate as a business in their state. Most business owners do not desire to assume personal liability for a business, and if the business is sued, most business owners do not want to lose personal assets. In this instance, the business owner would want to establish a LLC, C corporation or S corporation. This will absolve business owners of most personal liability associated with opening a business.

Sole proprietorships and partnerships do not protect the business owner from personal liability. If the business is sued, personal assets may be seized. Business owners should make every attempt to protect their personal assets to avoid losing everything that they have worked for.

Legal documents are required by most states prior to opening a new business. Some applications require a statement of intent for the company or the company’s bylaws or operating agreements. Without the legal documents, the Secretary of State will not recognize the business as a legal entity, an Employer Identification Number cannot be obtained and the business owner will not reap any benefits of filing taxes as a corporation. Fines may be associated with operating a business in this manner as well.

Business owners that simply need only the documents for the S corporation, C corporation or LLC may download them for free on the Rocket Lawyer website. Tips may also be provided in terms of the best methods to follow when filing the documents with the Secretary of State in the primary state of operation.

Establishing a business structure will help the business owner decide how they will be taxed when the time comes. Business owners that need flexibility in terms of how they are taxed and have fewer administrative tasks may consider an LLC. The documentation process is easier and the taxes are generally lower. The S corporation offers less flexibility and more administrative tasks, but the business owner can offer stock options.

Costs and Incentives
Currently, Rocket Lawyer offers three different pricing structures for its clients. The Pro Legal plan is the most appropriate for owners opening a new business. The plan includes access to the business and personal documents necessary for opening a new business. The documents may be created and reviewed by an approved Rocket Lawyer local attorney.

The attorneys will also provide any additional help to the business owner for free. The service will also provide access to the following: legal health tools, free document e-Signature service and edit, share and print services. These documents may be accessed instantaneously at any time.

If the business owner signs up for annual service, the monthly charge will be $24.99. If the service is only retained on a month-to-month basis, the business owner will pay $39.95. Business owners may try the service for free to determine if the business is worth their while.

The trial period will last for a week. During that time, business owners will have access to all of the documents and some of the legal services as well. Any documents downloaded and saved during the trial period may be retained by the business owner.

The plans are affordable and the documents are easy to download. The Rocket Lawyer website helps to adequately prepare businesses to operate in accordance with federal and state regulations when opening a business.