The freedom to own a private enterprise is one of our greatest rights as Americans, so congratulations on starting your business! As an entrepreneur in the state of Pennsylvania, there are many factors to consider during the formation of your business.
Whether you’re looking for a business formation attorney to assist you with legalizing your business or need guidance with an acquisition or merger, there are several areas where an attorney can help ensure a smooth process. Let’s get started.
What is a Business Formation Attorney?
A business formation attorney can educate and advise you throughout the startup of your business or only on a specific part.
Their services can assist you with the following:
- Business entity decisions
- Employee plans for schedules, contracts, etc.
- Conflicts and disputes
- Mergers and acquisitions
- Develop contracts for:
- Shareholder/partnership agreements
- Buy/Sell agreements
- Service agreements
- Non-compete agreements
Your lawyer can become a trusted resource in your life. They’re someone you can ask for advice, guidance, and direction from as you grow your business.
5 Reasons a Business Owner Should Hire an Attorney
Are you on the fence about hiring a business formation attorney? Before you make up your mind, consider these five reasons an attorney is a worthwhile investment for your future success.
#1 Selecting the Right Type of Business Entity
Your lawyer will review liabilities, tax obligations, employee inquiries, and setup costs with you so you can determine the right choice for your business. This is crucial because each entity has different liabilities and tax implications.
#2 Avoiding Employment Issues
Every state has specific employment laws, and every business must follow specific federal ones. Your lawyer is educated and informed on national and Pennsylvania laws to help you develop plans to prevent lawsuits and other issues.
#3 Following Business Operational Laws
Are you aware that federal and state laws can influence how you run your daily operations? Consult with a business attorney to ensure your day-to-day conditions are set up for success.
#4 Drafting Contracts
As an entrepreneur, you know hiring employees that are experts in their field is the best investment you can make in your business. So, when the time comes for drafting and finalizing contracts with customers, employees, or third-party vendors, make sure you’re working with an expert in business laws and legal writing.
Also, if you’re unsure if you even need a contract, your lawyer can advise you on the pros and cons of a contract for your specific situation.
#5 Resolving Disputes
Even the best-laid plans can sometimes go off course. Conflicts include partnership disputes, insurance issues, or employee accusations. And if you already have a business attorney in your corner who knows you and your business, they can quickly address the situation and look for a resolution. Their business litigation experience should lead to a fast solution.
Secure Your Business’s Future with Auld Brothers Law Group
A business formation attorney can help protect your business, but what if you could work with a law group that could also help separate your personal assets from your business assets? At Auld Brothers Law Group, our firm’s principal, Rebecca A. Auld, is a well-respected business formation and estate planning attorney in Pittsburgh. She advises many local business owners on their professional and personal needs.
Learn how Rebecca can help to secure your business’s future today.