How can an attorney help me with starting a business?

How can an attorney help me with starting a business?

When individuals decide to start a business, there are many things that must be considered. It may not be an easy task, but it can be something you are passionate about. With a new business comes new territory. Individuals may not know where to start when planning their business. Owners could want to expand their already existing business but have no idea how to pursue this. With these issues, a business law attorney can be of great help. At our firm, our professional attorneys have the experience and skill needed to guide you throughout the process. Contact us if you wish to pursue further plans.

What are the first steps when forming a business?

When individuals wish to pursue a business plan, they must consider the different forms of a business. These forms can include corporations, limited liability companies, general partnerships, limited partnerships, sole proprietorships and joint ventures. Each form of a business has its own liabilities and tax implications. It is important to understand the effect of each one when deciding upon the proper choice. Our skilled attorneys can present each option to you and help you choose which one best suits your situation. We want to see you succeed in planning for your business.

Once you decide on the right choice for you, there is a lot of paperwork involved in the process. This paperwork will establish your business and decide the guidelines of it. There are documents required by the government that needs to be filed regardless of what business structure you decide on. These documents can include federal tax ID acquisition, sales tax filings and state or local licensing. These steps can be done more efficiently with legal counsel at your side.

Is there anything else I need to acquire?

After the paperwork for your specific business is filed, more needs to be done. You will need to acquire insurance for your business. Depending on your situation, you will need to acquire a certain type of insurance. This can include business, employee-related or government-mandated insurance policies. These types of insurance are based on your location, structure and the number of employees you will maintain. If you have employees working for your business, you will need to guarantee unemployment insurance and workers’ compensation insurance. These insurances are required by the law.

Due to the big decisions being made and the overwhelming amount of paperwork, an attorney can represent your best interests. At our firm, we work closely with clients to ensure their satisfaction. Contact us to explain your situation.

The Law Offices of Richard E. Novak, LLC has over 25 years of experience helping clients through tough times when they need it most. If you need assistance with any intellectual property, traffic violations, or business law matters, our firm is here to help. It is critical that you pick the right attorney who can protect your rights. Contact The Law Offices of Richard E. Novak, LLC for a consultation.