Posted on: 13 December 2018
When you start a new business, you have many thoughts swirling in your head, and many of them have to do with your service or product and how you'll make a profit. You might overlook details you don't understand or leave some aspects of your new business to deal with later in your zeal to get your business operational. However, it's vital to get your business off to the right start so you don't run into problems that could shut you down or that cost a lot of money later. Consulting with a lawyer is the best way to make sure your business is set up properly and things are in order. Here are some legal services you may need.
Establish Your Business Legally
There are regulations to follow when you start a new business since a business is a separate entity from you. You might need to obtain a DBA if you're doing business under a different name or you may want to form an LLC or a corporation. An attorney can help you determine the right way to establish your business and do it legally. This process might require research if you're using a fictitious name to make sure you don't use a name that's trademarked or already in use. You may not realize all the steps involved in setting up a business before you can even open the doors, so using an attorney is the safest way to make sure you do things right.
Create Contracts And Legal Forms
When you do business with other companies, hire employees, offer services, or sell products, you'll probably need legal forms or contracts prepared. These can protect you by having terms and conditions in writing before you enter an agreement. Your attorney may also need to read over contracts from other businesses before you sign to make sure you're entering wise agreements. The more complex your business, the more you need an attorney, but even a simple business needs legal protection when selling products and services. You also need legal pages on a website you may create for your business, so finding out what you need and having the documents created properly is essential for creating legal problems later.
Help You Understand The Law
If you'll be starting a business for the first time, you'll probably find out there are many things you don't know. Rather than guess and get your business in trouble, you should talk to an attorney to clear up any confusion you may have when it comes to advertising matters, dealing with your competition, dealing with the public, and your liability when you sell products and services. Your attorney helps you understand all the legal services you need and can direct you to other professionals when you need help with things such as accounting and tax preparation. Take time to discuss your business plan in detail so your attorney can spot areas where you might stray into trouble with the way you advertise, communicate online, or treat employees.
Getting your new business established properly is an important step, and it also gives you peace of mind. There are plenty of things to worry about when you go into business and you don't want problems to arise simply because you were in too much of a hurry and neglected to set up your business the right way from the start. Contact a firm, like McFarland & Masters LLC, for more help.Share