Should You Contact a Lawyer Before Starting a Small Business?
Opening up your own small business is a dream that many people have, and if you’re about to embark on that journey yourself, congratulations! In the midst of all of your plans, one question you may be asking is whether or not you need an attorney’s assistance. In determining whether you should contact a small business lawyer before starting your company, you need to ask yourself what type of legal entity you want your business to be, as well as a few other important questions.
The first thing you need to determine is the type of business entity you want. If you’re going to be running your business yourself, with no other owners or partners, then you probably only need to establish as a sole proprietorship. This is the simplest and most straightforward type of business, with no registration requirements of paperwork needed outside of whatever local business licenses you may need. Some sole proprietorships don’t need to do more than decide to start charging for their services.
If, however, you’re planning a business that will be set up as a partnership, an LLC, a corporation or S-corporation, things can quickly become more complicated. Those types of business entities all require registration with the state, as well as partnership or operating agreements, bylaws and other documents. Though you may feel able to take care of these documents by doing a bit of online research, there’s no doubt that enlisting the help of a small business lawyer will make the process go much more quickly and easily, especially if you’re dealing with a situation or product that is complex.
In addition to needing help with the preparation of forms and documents, a small business lawyer can help to protect you from a bevy of circumstances that you might not be familiar with. Things like registering a trademark or reviewing lease documents, all fall within a small business lawyer’s area of expertise but are likely to be unfamiliar to you, and even if you are able to interpret these documents or pursue the necessary steps, doing so will take valuable time away from your pursuit of what you’re good at and passionate about, which is getting your new business off the ground and making it a success.
For help with setting up your small business and making sure that you’ve addressed all of your legal issues and needs, contact the small business lawyers at Bochetto & Lentz today to set up an appointment.