When I started my firm there were a lot of ideas. Lots of ideas.
My moment of inspiration occurred when I was on vacation. I was reading the Steve Jobs biography. It spoke to me. It spoke to my desire to build a firm. To make the transition from working in the business to working on the business. The ideas were intoxicating. I could do this or this or this or that. There were many this and that’s. It was all kind of fun.
The scary part was acting on those ideas. Acting felt like treason (I was employed at the time). Acting was scary. Acting limited my options.
Figuring out where to start was a tough nut to crack. This post is about translating your ideas to action.
Here are the first 3 things you should do:
1.Register Your Domain: Before you file your incorporation documents – register your domain. So enterprising person somewhere in the world has a bot scanning corporate name filings in hopes of cybersquatting and making a quick buck. Don’t pay their ransom. Register your domain. If you are working at a firm and wish to keep you registration private – register your domain privately. Pay the extra fee. You can register your domain at sites like GoDaddy or Register.com
2. File Your Articles of Organization: Incorporate. For many reasons, a law firm should incorporate. Do this. File your articles of organization
3. Obtain Your FEIN: You are going to need a Federal Tax Id. Get this for free online from the IRS.
These are the first 3 things you should do. This is where you start. It is unsexy. It is practical.
Thing 4 – read this post on opening bank accounts.