Thinking Of Owning A Business, Seek Assistance From A Business Law Attorney
Starting Your Own Business
It can be exciting to think about starting your own business. It requires a lot of hard work to get off the ground and run successfully. As tempting as it may be to do it all on your own, you should never hesitate to seek the guidance of a professional, such as a business law attorney. This can ease much of the stress and uncertainty associated with starting a company. There are many things you should know before starting your own.
Nonetheless, don’t feel pressured to figure out everything on your own. For help finding the answers and assistance you need, contact an experienced business law attorney. The team at Berardi Law Office can help you at every step along the way. You can discover whether we are the right choice by browsing our reviews and checking out our services.
A startup lawyer and small business lawyers can help you with the legalities of owning a company. Whether it is incorporating your startup, tackling copyright and trademarks, or navigating through any other issues that may arise as an entrepreneur, a business law attorney can assist you every step of the way. Startup legal services are the first service entrepreneurs should look to when starting a new company.
Find a business lawyer to protect your rights and contact us through this number: (708) 942-8030
The law is complicated, making it difficult for entrepreneurs without legal backgrounds or experience to stay in compliance with state and federal laws. If you are thinking of owning a business, then it is wise to seek assistance from a small business lawyer. Not everyone knows the ins and outs of operating their own company.
The legal matters can be complicated if you haven’t done your research before starting your venture. A small business lawyer near me is the best person you can rely on for advice.
It is a full-time job for aspiring entrepreneurs to make business plans, come up with products and services, and secure funding. The best thing you can do is to meet with a small business attorney before you start. They can explain how to start a business and answer any legal questions you might have.
Furthermore, a lawyer can help you identify and minimize the risks you may face. Having a few questions in mind before you meet with your lawyer is a good idea. Yet you might not even know where to begin as a new entrepreneur.
Have any questions about Berardi Law Office services? Read our FAQ section.
7 Questions You Should Ask A Business Law Attorney Before Starting Your Own Company
1. Is It Possible To Name My Business Whatever I Want?
The choice of a company name is one of the first decisions people make when they decide to start their company. Choosing your business name can be a challenge. An aspiring entrepreneur may have a name in mind only to discover that it was already registered by another organization in the area.
The name of your business can have a serious impact on its success. You may still be prohibited from using the proposed name even if it isn’t identical to any other business. The situation becomes complicated when there are multiple companies with names that sound similar to yours and this triggers the trademark law purposes (or other legal standards).
Therefore, before settling on a name, speak to a small business attorney who can assist you in determining whether your preferred name is available. To make sure that your proposed name is available and distinct from those already in use, an experienced lawyer can run a name availability search.
2. If The Proposed Business Name I’m Looking For Is Available, How Do I Transfer To It?
You’re in luck if you still can use your proposed business name when available. There are times, that you’ll need to register the proposed name separately if you’ve already used another name.
It may occur to you that you can do anything to reserve your business name in this scenario. In some other cases, you can simply rename your existing name to the available proposed name that you’ve firstly chosen.
3. Which Type Of Entity Should I Select?
If you begin a startup, then there are many options to choose from. Sometimes it is best not to rush into forming your company before understanding all of the implications. Others may be unclear as to how each type of entity functions and which is right for their business goals. There are many types of entities to choose from as you look to form your business.
- Sole Proprietorships,
- General Partnerships,
- Limited Liability Companies (LLCs),
- Limited Partnerships, And
- Limited Liability Partnerships.
Each has its advantages and disadvantages. How do you decide which is right for you? You will need to consider a variety of factors when choosing the type of business entity for your business. Among the factors to consider are:
- If you plan to employ people;
- How you’d like the company to be taxed;
- Your intentions regarding ownership and management of the company, whether you plan to do so yourself or with others; and
- your intentions regarding personal liability protection.
Of course, this is not an exhaustive list. Depending on the needs and desires of your business, there may be many other factors you’ll want to consider as well as you select your entity type.
4. How Do I Get Started With Formation Documents?
As part of setting up your new business, you will need to prepare certain documents. A certificate of formation needs to be filed with the secretary of state to formalize your business entity. An operating agreement for an LLC or bylaws for a corporation are examples of other documents you might consider preparing.
You should consider having these types of documents in place for your business, even if they are not required. They will provide you with a more clear understanding of the business entity’s policies and procedures.
This type of business formation document may appear daunting, but they are critical to your business’ success. You should therefore work with an attorney who can guide you through the process and create all the necessary documents.
5. Will I Need Any Other Documents For My Business?
You will need a variety of documents and contracts throughout the lifetime of your business, regardless of the type of entity you set up. A legally sound contract or agreement is essential to most successful businesses.
Among the types of contracts you will find in most businesses are:
- Contracts For Employment
- Agreements With Independent Contractors
- Severance Agreements
- Confidentiality Agreements
- Noncompete Agreements
- Partnership Agreements
- Buy-Sell Agreements
- Sales Contracts
- Security Agreements
- Property And Equipment Lease Agreements
- Indemnity Agreements
- Non-Disclosure Agreements
Any legally binding documents should always be prepared by an experienced lawyer. If you fail to follow these laws, you may face future disputes, and maybe even lawsuits.
6. How Can I Protect The Intellectual Property(IP) Of My Business?
You must protect your intellectual property if you want your company to grow and succeed. It is a common misconception that intellectual property should not be protected until a business has established itself.
This is not true. In addition to gaining goodwill in your business and preventing malicious infringement in the future, securing and protecting your valuable intellectual property can serve to protect you from bad factors.
You should protect your IP rights as early as possible. To help your business grow, our attorneys can assist with trademark registration and copyright registration.
7. Small Business Lawyer Costs?
Small business lawyer costs can vary depending on the degree of service they provide. Businesses that are small and need assistance can work with a business lawyer for as little as $100 per month, but many large corporations spend over $500 an hour to consult with legal counsel.
If you’re wondering what kind of company would pay such high rates, one example is law firms. Law firms often have on staff or work with business lawyers to help them through the process of opening a new office, hiring employees, and completing any type of transaction for their existing clients.
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Whether you are looking for a small lawyer to help guide your company through the startup process or if you have an existing business that needs assistance with some legal matters, it’s important to find someone who is competent and has experience in this area of law.
If you’re thinking about starting your own company, there are a few questions you should ask yourself before diving in headfirst. When it comes to the legalities of running your company, who do you turn to? You may think that hiring an attorney is expensive or not necessary for small businesses but they can help prevent costly mistakes and lawsuits down the road.
A good lawyer will provide advice on six key areas including incorporation basics, intellectual property protection, tax implications for corporations and individuals as well as employee benefits options. Make sure to find out if they have experience with start-ups like yours because this could make all the difference when creating your new venture’s structure from scratch.
Finding a business lawyer to protect your rights? Look no further and contact us through this number: (708) 942-8030