Some assume they must have a significant corporation before needing the services of a business lawyer. However, you can significantly benefit from the services of a business law attorney, even if you have a small brick-and-mortar shop, an online store, or a business dealing with cars. No matter the category your business entity falls under, it is wise to seek the counsel of a business lawyer.
Business law lawyers can address an array of legal issues that businesses encounter. Specifically, you may need them for business registration or formation, local taxes, drafting employment agreements, and obtaining federal trademark and copyright protection.
This piece explains five benefits of engaging a business law attorney:
Table of Contents
Help in Business Formation
You can decide to form any business type. However, you need guidance to establish the right type of venture. Your lawyer will enlighten you on how your desired exposure to liability, taxation, and other factors will shape your business.
The options at your disposal include Limited Liability Partnership (LLP), Corporation, Partnership, and Limited Liability Company (LLC). You may not know the differences between these options and how each affects your business growth. However, your business law lawyer will listen to your business needs and advise you accordingly; they will recommend the one that best suits your needs.
Further, they will help you with the needed paperwork. You can do the research independently, but you should engage a knowledgeable attorney if you can afford their fees. You must also file paperwork with the Secretary of State for most of these entities, and your attorney can help you handle the process.
Dissect Legal Matters Related to Forming a Business
You may deal with legal tussles while forming a business. The issues include tax registration, getting identification numbers from the IRS, and engaging workers.
However, your business formation process can run seamlessly if you hire a reputable business law attorney.
Obtaining Federal Trademark and Copyright Protection
A business owner should safeguard their name, brand identity, and logo via trademark and copyright protection. A lawyer can help you get a legal trademark.
“It is an avenue of protecting your work and allows you to seek compensation if anyone tramples on your rights to the trademark,” says business law attorney Sasha Begum.
Registering Your Business for Local, State, and Federal Taxes
You can engage business law attorneys to help you fulfill your venture’s tax requirements. They will help you file your business tax returns and register your entity for taxes at all levels. They will also file all the necessary documents to ensure your business does not have issues with revenue-generating agencies.
Help with Employment Agreements
You need an attorney to help you draft crucial contract agreements between you and your workers. Specifically, they will help you draft guidelines for employment, non-compete agreements, and non-disclosure agreements with workers.
Depending on your business headquarters, you may also need an employee handbook. Your lawyer will inform you if this is a wise decision.
Final Thoughts
The advantages of engaging a business law attorney are numerous. You do not want to run into avoidable problems at the formative stage of your business. Thus, it is wise to take a proactive step and allow a knowledgeable business law lawyer to show you the way.
They will help you establish a solid foundation for your business and move steadily in the business space.
