Thank you for the responses. We will be selling products which "support" the larger products so once the initial product is sold, we can sell the consumables for those products. In fact, this is the area that is most profitable.
I'm just a wee bit worried since this is my first "incorporated" business. I've had buisinesses in the past but since I'm a freelance web developer, it's as simple as a a busniess name and my time. Easier to swallow when things go downhill.
That said, a second question I have is with regards to all the incorporation paperwork from the lawyer? Should I have my own lawyer (Which means I'll have to get one) look at the paper work or is it all pretty much a standard agreement? Should the lawyer we are paying for the incorporation bring this to our attention or do I need my own lawyer?
Sorry, one more question as well? This will be a home based buisiness to start since it will primarily be online. If we put my home address as the company address, is my home in any way legally tied to the business? Meaning, if the business gets sued (for some strange reason) is my home considered somehow an assett? Is my home somehow on the line?
|