When starting a business, one may encounter many anxious and excited emotions hoping to run a smooth and successful business. Unfortunately, issues and uncertainty are most likely to arise, and one will need an attorney to protect themselves against any legal consequences.
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Here are the Top Reasons for Hiring the Services of a Business Attorney When Starting a Business:
1. Selecting an Appropriate Business Structure
Choosing a proper business structure is important since one needs to structure properly from the start to avoid finding themselves having unnecessary legal issues in the long run. One would be exposed to more liabilities from partnerships and sole proprietorships than an LLC or S and C corporation. Hire a business attorney to evaluate the company and help one understand liabilities, tax duties, employee concerns, and setup fees to decide which business structure is most suitable.
2. Preventing Lawsuits
Hiring a business attorney helps lessen the business's susceptibility to liabilities, including employment lawsuits. A business attorney can assist the business in legal order for state and federal employment laws. Being proactive before a lawsuit is filed will spare one from countless headaches in the future.
3. Drafting Contracts
A business attorney should check all business contracts to ensure that all relevant terms are included, whether for employees, vendors, customers, etc. Does a transaction require a contract? Hiring a leading business attorney at Washington Law Partners can provide clarity while ensuring a quality contract is produced.
4. Protect the Intellectual Property
Product designs, innovations, logos, commercial services, unique works, and trade secrets all fall under intellectual property. Protecting intellectual property is also important to maintain a distinctive and competitive business. Depending on the kind of intellectual property one owns, one can file for a patent, copyright, or trademark. A business attorney can protect one and preserve their legal rights to intellectual property.
5. Real-Estate Leases and Agreements
Unless the business is run from home, one will be looking to set up a shop in an office building, a warehouse or a commercial space. Whether purchasing or leasing a space, one will want a business attorney to review all the fine print on all contacts, terms and agreements.
Looking to start a business and searching for a Business Attorney in Washington DC having all the above-mentioned attributes? Consult Harold G. Ognelodh at Washington Law Partners firm for any legal assistance. He is a licensed professional business attorney specializing in business law, securities law and probate for over three decades. Book a free consultation now at WLP!
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