Starting a new business is a huge accomplishment. Now you need to complete paperwork and select the type of business entity, tax status, operating agreements, and other aspects of the business. Where do you begin?
Choosing the best options for your business is essential to your success. That’s where a business formation lawyer can help. An attorney can guide you through the legal requirements and evaluate which options work best for your business goals.
Read on to learn more about the role of a business formation lawyer and the advantages of working with one.
What Is a Business Formation Lawyer?
A business formation lawyer guides new business owners through the complexities of running a company. An attorney offers expertise in various legal aspects, such as drafting necessary paperwork, meeting regulation compliance, and mitigating any legal issues that could arise.
It’s a lot of work to be a new business owner. You have day-to-day operations to focus on and legal requirements you need to fulfill. A business formation lawyer can help ease your load. You can find peace of mind knowing you are protected — so you can get back to running a successful business.
Benefits of a Business Formation Lawyer
There are many advantages to working with a business formation attorney.
Business Structure
You can avoid legal issues down the road if you have the right business structure. A business formation lawyer helps their clients choose between the following:
- Limited liability company (LLC)
- General or limited partnerships
- Sole proprietorship
- Subchapter C corporation
- Subchapter S corporation
Paperwork
New businesses may need to draft documents, such as contracts for employers, employees, vendors, and supplies. A lawyer can help speed up the process and check the paperwork to ensure it’s correct.
Business Protection
Do you know what it means to protect your intellectual property? It may include filing patents, trademarks, and copyrights, depending on the specific needs of the company. A business formation lawyer will aid in this process, too.
Guidance for Negotiations
If you need assistance with a real estate lease or lease agreement, a business formation lawyer can help you negotiate for the best interest of your business.
Reduce Risks
One way to stay ahead of mishaps is to be protected. That may be especially important for startup businesses. A seasoned attorney knows how to guide new owners through any potential obstacles.
Starting a business can have its challenges. A business formation lawyer can help relieve tedious aspects of the process. Working with an attorney can reassure you that your business is secure and on the path to success.
Business Formation Law at Auld Brothers
At Auld Brothers Law, we can help you with your business formation from the start or solely in specific areas. We offer services including:
- Selection and set up of your business entity
- Configuring operational plans, schedules, employment contracts, etc.
- Resolving conflicts and settling disputes through business litigation
- Assistance with mergers and acquisitions
We call also review, draft, and finalize contracts for:
- Shareholder and partnership agreements
- Operating agreements
- Buy/Sell agreements
- Service agreements
- Non-compete agreements
Our attorneys are committed to providing excellent protection for our clients. If you would like to take the first steps toward protecting your business, reach out to us for help.