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Before you open your business, determine which of the numerous local, state and federal regulations apply to you. Avoid the temptation to ignore regulatory details. Doing so may save time in the short term, but could become an obstacle as your business grows.
Starting your new Greenfield business
Below is a list of the most common requirements that affect small / new businesses. The list is by no means exhaustive, as regulations vary by industry. Consult the list below for a solid start to meeting your regulatory requirements, and then carefully investigate the additional regulations that affect your industry.
Business OrganizationThere are many forms of legal structure you may choose for your business. The most common structures are Sole Proprietorships, General and Limited Partnerships, C and S Corporations, and Limited Liability Companies. Each legal structure offers organizational options, which are appropriate for different personal situations, and which affect tax and liability issues. We suggest you research each legal structure thoroughly, and consult a tax accountant and/or attorney prior to making your decision.
Greenfield Business Name Businesses that use a name other than the owner's must register the fictitious name with the county as required by the Trade Name Registration Act. Check for the appropriate name of the Trade Name Registration Act in your area. This does not apply to corporations doing business under their corporate name or to those practicing any profession under a partnership name.
Protecting Your Idea If applicable to your business, you may want to apply for trademarks, patents and your copyrights. Information regarding these applications is listed below.
Starting a business in Greenfield
In 1634, Frenchman Jean Nicolet became Wisconsin's first European explorer. The French controlled the area until 1763, when it was ceded to the British. The state's name is an English version of a French adaptation of an Indian name said to mean "the place where we live." The Wisconsin Territory was formed in 1836 and was admitted into the Union as the 30th state in 1848. With the nickname "America's Dairyland," it's no surprise that Wisconsin is first in the country in the production of milk, cheese, and butter. In fact, the loyal fans of the Green Bay Packers football team call themselves "cheeseheads." Milwaukee, the state's largest city, helps make Wisconsin one of the largest manufacturing states in the nation. The state capital, Madison, is home to the University of Wisconsin. The flower of the "Badger State" is the wood violet and the state bird is the robin.
Incorporation
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