When you are starting out your new business, there are a lot of things that you'll need so you can get everything done as successfully as possible. One thing you may not think of is going to see a business attorney. There are a lot of good reasons why you should see a lawyer who specializes in business dealings before you get your business up and running.
Setting Up Partnerships
One reason that you want to have a business lawyer help you when you are setting up your business is that you want to have someone help you if you are going to set up a partnership. You need to make sure that the partnership is handled correctly and set up legally, but more than that you want to make sure that you are being looked out for. It doesn't matter if your partner is your best friend since kindergarten and you know everything about them, you want to make sure that you have legal documentation that lays out all the information about your partnership, who owns what, what it will take to buy one partner out, what happens if one partner dies, and so on.
There is going to be a lot of paperwork that you are going to have to fill out, depending on what kind of business you are opening. You may have to apply for certain licenses or other certifications; for example, if you are opening up a bar, you are going to have to apply for a liquor license. That can be a long process, depending on what you need to do in order to get the license. You will want to make sure that you have a lawyer look over everything that you sign, at the very least -- it may even be better if they did all the paperwork for you. That way you know that the paperwork is done correctly and that you won't get into trouble with any of the federal, state, or local enforcement agencies because you didn't have something filled out correctly. That could cost you an awful lot of money at best, and at worst, your business may be shut down and you might end up facing stiff penalties.
If you are starting up your new business, there are a lot of people you are going to have to talk to and work with. One of those people should be a business lawyer.Share