The U.S. Senate Committee on Small Business and Entrepreneurships plans on holding a joint hearing with the U.S. Senate Special Committee on Aging. The two committees hope to examine the trend of older Americans to startup their new businesses. One individual that is expected to testify there is a Miami businesswoman who founded Mia Senior Living Solutions.
Starting a new business
Among other items, the committees are hoping to discuss barriers that older individuals face when starting up a new business. This is an especially important conversation in that individuals 55 to 64 now have the highest rate of entrepreneurship in the United States.
The Miami businesswoman has a personal connection to these older entrepreneurs. She is 68-years- old and runs a company that manages senior living facilities. There is much that needs to be done when it comes to business planning and the starting up of any new business. To begin with, entrepreneurs need to make certain that any steps taken are in compliance with all applicable law.
This can include local, state, federal and, in some circumstances, international law. Financing will also need to be raised and contracts with various business concerns will need to be negotiated. Contracts and various other corporate documents will need to be drafted. And certain procedures will have to be implemented and overseen when the actual business is begun.
Business Lawyer
The advice and assistance that an experienced business lawyer can provide throughout this entire process is invaluable. While most of us will only have limited opportunities to actually start up our own business, it’s good to have individuals present who have helped others in the setting up of businesses in the past.