Starting A New Business? Here's Why You Need A Lawyer
If you are on the cusp of opening up your own business, you are likely quite excited and eager to get started with your new company or firm. But before you open the doors or start taking phone calls from potential customers and clients, and before you even hire a single employee, the very first thing you should do is contact a local business lawyer. Here's why having an attorney on your side during your company's very first days is an excellent idea that could pay off or protect you for years into the future.
What Kind of Business Are You?
First things first, do you even know what kind of business you are in the eyes of the local government or state? Are you a sole proprietorship? Have you formed a partnership with another person? Are you planning on setting up a corporation? This decision could have significant consequences for your tax structure and what your initial paperwork will look like. If you've never opened a business before, the chances of you making a mistake are high. A seasoned business lawyer will be able to navigate this situation and recommend the best possible structure for you, now and in the months and years that follow.
Are You Hiring Employees? You'll Need Help with Everything From HR to Benefits
If you've never had someone work for you before, you should not go into this situation flying by the seat of your pants. There are likely state laws in play for everything from how many hours your employees can work to what kind of safety equipment you may be required to provide. If you will have full-timers on your staff, you'll also have to look at things like providing health benefits. A seasoned lawyer can provide some initial advice to make sure you get started down the right path and don't overlook anything on your initial hires.
Protect Your Company From the Start
A seasoned lawyer will also be able to draw up contracts with your initial suppliers or partners to make sure everything is on the up and up. If a supplier or someone else breaks a contract, you'll already have a lawyer ready to jump in and help you. Your lawyer may also be able to provide advice on how to protect yourself from a lawsuit or let you know what you need to keep in mind when it comes to things like workers' comp claims in your state.
Contact a local business attorney today for more information