Legal Question in Business Law in Maine
I want to open a bakery/cafe. I have a business plan. I have a silent partner. I live in Maine and would like to know what to do next?
2 Answers from Attorneys
There are a few things you will need to do - you should incorporate your business with the State (there are a few options with that), you will need a tax-id number (federal), and a sales tax number. Since you have a partner, you will should a written agreement with them.
Then you can look for a place to open. Since you will be doing food service, you will need to find a location that is permitted (by both the landlord and the town zoning laws). If you will have employees (or if you will be an employee), there is additional state and federal paperwork (i.e. taxes).
Those are the basics. There will likely be more once things get underway. I'd be happy to work with you on any or all of these items. Feel free to contact me office if you have more questions.
Besides establishing a corporation or LLC (less expensive and easier to maintain), and an agreement with your silent partner, the most critical aspect is location. Start scouting around NOW. Talk with some real estate brokers that specialize in food establishments. Drive around and see where the competition has its locations. Do you have a memorable name - brand yet? That is the second most important thing. If you do protect it at the federal level. When you're ready to franchise, get in touch.
Consult with a good business attorney in your area for specific pre-business advice.
Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise
Franchise Attorney
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