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Are you thinking about starting a business? Or maybe you’ve already got the ball rolling with your startup, but want to make sure you’re doing it the right way. Great, then this series is for you! This video walks through starting a business step by step from a legal perspective.
Hello and welcome to the brand-new YouTube channel for Lyda Law Firm. We’re an entrepreneurial law firm based out of Denver, Colorado that focuses on helping people start and grow their small businesses. The goal of this channel is to make legal education more accessible for small business owners by removing the shroud of mystery that often clouds the legal realm.
Starting a business doesn’t have to be complicated. We’re here to help.
In our first installment, we are going to quickly run through our 16-Step Legal Checklist for Startups & Small Business Owners. This list is designed to help startups, entrepreneurs, and small businesses set up their organization in a thoughtful and legitimate way. It will also help you create legal protections that many business owners often overlook.
This video is just a brief overview of our checklist. In the coming weeks, we will release more videos that go into each topic in more depth.
So without further ado, here is the 16-Step Legal Checklist for Small Businesses:
1. Define Your Mission
2. Define Your End Goal
3. Define Your “Who”
4. Define Your “Where”
5. Protect Your Brand
6. Plan Your Funding
7. Select Your Entity Type
8. Register with Your State
9. Select Tax Treatment
10. Obtain EIN from IRS
11. Start a Separate Bank Account
12. Determine Your Industry Regulations
13. Determine Your Liabilities and Insurance Needs
14. Set up an Accounting System
15. Set up Your Basic Contracts
16. Keep it Simple
For the complete list, visit
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All videos are for educational and entertainment purposes only. This is not legal advice and should not be relied on as such. Every case is different. Consult a licensed professional in your state. Mark Lyda is a Colorado-licensed attorney. Viewing this channel or its content does not create an attorney-client relationship with Lyda Law Firm or any of its lawyers.
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