You have all you need to start your own business. You have put the money together and recruited a first-rate team of talented individuals. You must also bring in solid legal representation if you are to get your business off to a good start.
Having a trusted legal advisor is essential to becoming a successful entrepreneur. No matter the nature of your business, you will need to enter contracts and agreements of all kinds. You will also need to operate within a regulatory framework. Failure to follow the rules can lead to protracted litigation with local, state, or federal agencies.
From the Beginning
The very formation of your company is a legal act. The incorporation of your business makes it a legal entity that is able to trade and operate according to the laws of the land and that enables it to enjoy their protections.
Your lawyer will help you set up your business. This involves helping you choose the right tax codes, establishing the right organizational structures, and using the right language in your articles of incorporation. Your lawyer will also ensure that your personal finances and assets are separate from those of the company, so that if there is any future civil litigation you will not be held personally responsible for it.
Other Issues
A lawyer can help you with a variety of business issues, including the following:
- Contract Drafting
There is no such thing as a standard contract for anything. When you go into a business deal, you must negotiate the relevant facts at hand. Whether you are looking to buy a new company, sell an asset, or enter into an alliance or partnership you must ensure that your interests are looked after. A business lawyer can draft the kind of document that will help you meet this aim.
- Business Licensing
You can give permission for other companies to use your name and brand to help boost their revenue. Any such licensing arrangement must limit the extent to which this can be done and should redound to your financial benefit.
- Employment Issues
Your people are your best resource. However, you want to ensure they understand their employment. A lawyer can help you draft standard offer and acceptance letters to candidates. A lawyer can also help you with litigation involving discrimination and wrongful termination suits.
- Nondisclosure Agreements
If you work in an industry in which the protection of information is essential, then you will need to have employees sign nondisclosure agreements. It is important to get this right. The NDAs you have your employees sign must be defensible in court.
The Best Lawyer You Can Find
Finding a good lawyer should be one of your top priorities. You want to establish a long-term relationship with a business lawyer you can trust. This will make it much easier to deal with emergent problems and difficulties. It can provide you with the solid and consistent legal advice you need over the long-term.
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