Do I Need to Hire a Lawyer When I Start a New Business?
With the COVID-19 pandemic affecting employment numbers, some entrepreneurs may consider starting a new business. The expertise that attorneys bring to business owners is invaluable, especially when launching a startup. This may leave some wondering, “Do I need to hire a lawyer when I start a new business?”
Attorneys provide a wealth of knowledge for small business startups:
- Compliance review – ensuring small business owners ensure they operate and open in compliance with federal, state, and local laws.
- Reducing risk – helping business owners reduce risk by establishing policies, procedures, and employee handbooks.
- Creating contracts – defining terms of service and contract language that limits liability in the event of a legal claim.
- Legal documents – drafting legal documents that govern relationships across the organization.
- Tax issues – providing guidance regarding tax issues and dealing with the IRS.
- Business name – researching to ensure the name you have selected for your business is not being used by another entity and is not trademarked
- Patents – providing assistance with patent applications and confidentiality.
When you are ready to begin the process of creating your business, an attorney will help you select and form a business entity and assist with the tax and legal issues involved with each type. After the entity is selected, your attorney will help you with all of the required legal documents, which may include a certificate of incorporation, a partnership agreement, and more.
The attorneys at O’Reilly Rancilio are ready to help you start your business and remain by your side as your business grows. Contact your next trusted advisor by visiting the O’Reilly Rancilio website or by calling 586-726-1000.