The journey of starting new business is both exciting and overwhelming at the time. Forming a company is something most entrepreneurs undertake and it is coupled with a lot of legalities which can be quite confusing. One of the most important parts of this process is choosing the proper structure for your company as an LLC, corporation or partnership. Consulting with a qualified legal expert will help to make sure you’re on the right track and to protect your business from future disputes and guarantee its success. That’s where a new business formation attorney enters into the picture.
Every business that exists operates differently than the next; each state requires unique documents for business formations, and each one presents a new problem; and each case has its own state laws to deal with and challengers to overcome.
Why You Need a New Business Formation Attorney
Launching a new business can be quite exciting but comes with many legalities that must be copied with finesse if you do not want to get knocked down by one legal blow. There is nothing worse than getting lost in the maze that is business formation, from picking the right business structure to drafting contracts. At Stinson, we don’t just help you build your business; a skilled attorney is your trusted partner in all the important decisions in setting up your business.
Hiring a new business formation attorney also provides you with legal expertise when deciding on the structure of your business—something that one of our expert Northeast Ohio business attorneys here at Lensel Sachs can help you with. A lawyer can explain the different ways businesses are set up: LLC, corporation, sole proprietorship and partnership and help you choose which one will work for your business needs. The tax implications, the challenges for liability, and who owns what goes along with each structure. A lawyer will guide you on how to make an informed decision.
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Key Services Provided by a New Business Formation Attorney
New business formation attorneys can provide several services necessary for establishing a successful business. Some of the key services include:
Business Formation and Structuring
Business formation and structuring is a CSU course that explores several different considerations involved in starting and growing a small business.
A lawyer can advise you on what the right structure for your business is, file the necessary paperwork and check that all legal formalities are adhered to. In fact, it is often a process of registering your business at a state level and acquiring the proper licenses and permits.
Operating and Shareholder Agreements Drafting
If you are starting a business with other people, it’s a good idea that you have a legal agreement to outline who’s responsible for what, and how profits will be divided. Even if you can’t get a lawyer to review your documents, a new business formation attorney can help draft clear and enforceable agreements that protect your interests.
Navigating Employment Law
Regardless if you have independent contractors or employees, you need to know the employment law. Hiring staff can also be advised by new business formation attorney to ensure you meet legal requirements and provide your business with best employment practices.
Contract Law
Launching a business generally means you have signed contracts with suppliers, clients, other parties. Having a lawyer draft contracts will guarantee they are legally binding and will protect your business interests.
Intellectual Property Protection
If you have a business with new ideas, new products, or new services, you need to make sure you patent, trademark, or copyright those things. If you’re still not ready to start a business, a new business formation attorney can help you plot your way around laws related to intellectual property and can help you get the protections you need.
Tax Advice and Compliance
Starting a new business can find tax laws to be intricate. An attorney with years of experience can explain your tax responsibilities as well as advise on complying with state and federal tax laws.
What is Building a Relationship with Your Attorney?
It is certainly an important thing to hire another business formation attorney for initial legal guidance but even more important is to keep them in long term. As your business grows your business will encounter any number of legal issues such as contract disputes, regulatory compliance or intellectual property issues. Hiring an attorney who knows your business and what you want to accomplish makes your business stay on course and in a legal way as it develops.
Argent Place Law: Your Trusted Legal Partner
Falls Church, Virginia based Argent Place Law is an entrepreneur and business leader focused law firm. It is a business law firm that assists startups and business in growth with business formation, intellectual property and succession planning. Dr. Michael Mort, the firm’s founder, mixes legal expertise and entrepreneurial experience, providing a perfect partner for any business owner.
At Argent Place Law we strive to assist entrepreneurs in business with the mountains of business law and offer personalized legal counsel to help them through all the maze. They aim at saving their business owners from the hassles and give them the freedom to scale their enterprises. If you’re formed your business in the early days or require ongoing legal assistance, Argent Place Law is ready and waiting.
When you want professional business formation legal advice, feel free to contact trusted new business formation attorney at Argent Place Law. They have a complete range of services that will allow you to build your business with a solid legal foundation.
