Starting a new business requires advanced preparation and a business plan. As part of the plan, owners need to seek the advice of a business lawyer to establish an employment policy that will cover any legal issues related to the daily operations. In addition, a joint venture agreement should be filed, if a partnership is to be established. In addition, you should file for a limited liability corporation, so your personal assets are protected, should someone file a lawsuit against the business. In short, you will have to do your homework to make sure all of your legal and business responsibilities can be met, before you start a new business.