Dorothy Law Firm - Sioux Falls South Dakota Business Law Lawyer

Dorothy Law Firm, P.C.

Sioux Falls Business, Personal & Estate Planning Lawyer

601 E. Tan Tara Circle
Sioux Falls, SD 57108
Toll Free: 888-328-5012
Phone: 605-610-3496
Fax: 605-336-8803

 

Map and Directions

Creation

Creation of a successful business entity requires more than a good idea and hard work.

It requires a well thought out "Business Plan" which sets forth:

(1) what products or services you are going to sell or provide
(2) who your immediate and long term customers are
(3) how you are going to convince those customers to buy from you or use your services
(4) how many employees you will need at various stages of the growth of the business and what it will cost to get and keep good employees
(5) where your business' operations will be located
(6) how much working capital you will need to pay the bills and take home enough to cover the expenses on the personal side of your life and
(7) how much borrowing will the business need

At a minimum, you should have 3 years of detailed monthly income and expense projections, which are later compared to actual income and expenses as they occur.

The process of developing a "Business Plan" often involves the assistance of an attorney, an accountant, a real estate broker, a marketing or advertising specialist, and an insurance advisor.

The United States Small Business Administration has an excellent web site for anyone thinking about starting a small business. The address is www.sba.gov. Click on "Starting Your Business". For a thorough discussion on "Business Plans", click on "Business Plans".


Dorothy Law Firm, P.C. is located in Sioux Falls, South Dakota and serves clients throughout South Dakota, Northeastern Iowa, and Southwestern Minnesota, in Minnehaha County, Brookings, Vermilion, Mitchell, Dell Rapids, Canton, Fargo, Spirit Lake, Okabogee, and along the I-29 corridor and I-90 corridor.