215 - 3 Crucial Members Of Your Team

Business Legal Lifecycle Podcast

Today, we want to talk about the key members of your initial team. This is not your initial employee team. Instead, this is your team of consultants that everyone should have. Especially during your start-up phase. You need to get great advice from your consultants to make sure that everyone's on the same page going forward Accountant The first one is the accountant. Wherever you are, you're going to have to play some pay some sort of tax. An accountant will help to organize your structure in the best way so that you pay the minimal tax. Lawyer You need a great lawyer right from the start. The lawyer will look at the structure you’ve chosen for your business and give their input. You want that lawyer involved at the beginning so you can build up that relationship over the term of your business. Leasing, employment agreements and IP are all going to need to be looked over by your legal team. Bookkeeper Your bookkeeper is different from an accountant. This is the person that actually enters all of your receipts and payments. At the end of the day, you've got to report all that properly. And you got to know where your money's coming in and where its going. So getting a bookkeeper early on is a really crucial member of your initial team.