Key Advisories for Your Business

 

Getting Legal Advice

At YNCU, we know how hard it is to start a new business, especially if it's your first. But don't worry, there are people and organizations out there who can help.

It's strongly advised that you consult a lawyer or legal accountant before making any major decisions about starting your new venture. They can help make sure that you meet all the necessary legal requirements before you begin. Be selective in choosing a lawyer. Make sure that he or she is knowledgeable about the type of business that you wish to begin, and able to provide all the services you'll need. 

Financial Consultants

When starting a new business a financial consultant can help you raise start-up money or venture capital. A consultant can also assist you in putting together a strategic business plan for the future growth of your company. One final thing a consultant can do is make you aware of all the various taxes and insurance payments you'll be required to pay annually.

Employment Agencies

An agency will have access to a lot more potential employees than you will when first starting a business. For a fee, you can tell them how many people you are looking for, with which specific skills, and they can put the appropriate parties in contact with you.

Payroll Assistance

It may be a good idea to hire a payroll firm to process your payroll instead of hiring a full time accountant and human resource specialist. You can get competitive quotes from national and local companies that provide full service payroll and employee benefits administration.

Starting up a business can be a very time-consuming and stressful event. Hiring the right lawyer and a good financial consultant can take a lot of the worry out of the whole process. Using an employment agency or a separate payroll firm can free up a lot of your time so you can concentrate on the more personal aspects of running your new business. And if there's anything YNCU can do to help, just ask.