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Why you should work with an attorney when starting your own business

Your business requires detailed attention from a wide range of professionals in order to be successful. Do not fail to recognize the importance of working with a business attorney until it’s too late.

An attorney will provide sound legal advice on a myriad of business issues. Several matters may arise that need to be addressed and resolved as efficiently as possible. Some of the most common situations that will require an experienced business attorney involve the structure of your business, employment law issues, contracts and complaints or disputes.

We will go into further detail about each of these issues below and explain why it is vital to have an experienced lawyer on your side.

The structure of your business

How you structure your business will impact your personal liabilities, taxes, setup fees and other financial considerations. An attorney can help you decide which of the following is best based on your type of business and your goals:

  • Limited Liability Corporation (LLC)
  • Partnership
  • Sole proprietorship
  • Corporation
  • Non-profit

How to handle employment law issues

Several issues may arise when it comes to employment law and employees in your business. Even the decision to hire an employee may require a discussion with your attorney to protect yourself and your business, including the decision to hire a full-time employee or independent contractor. Once that decision is made, you will need to draft an employment agreement that protects your business from potential lawsuits or claims from disgruntled employees.

Creating business contracts

Improperly drafted contracts can harm your business. Your contract should include language to address potential problems that may arise and stipulate how to resolve disputes. This will go a long way in protecting your business, even if you face a lawsuit in the future as long as your contract has the necessary language to protect your company.

Resolving business disputes

Your lawyer is an asset to your business. This is especially evident when legal disputes arise. Your attorney can help you understand the risks of legal action, identify potential resolutions and work with you to find the right solution.

The right legal representation can make all the difference in the success of your business. Protect your business from the start by having experienced legal counsel on your side. Our attorneys at Rich Michaelson Magaliff Moser, LLP, are proven business lawyers with a record of success who will help you proactively plan for your company.

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