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How a Business Law Attorney Can Help Your New Business
Thinking of starting a small business? You’re not alone – there are over 33.2 million small businesses in the U.S. And while entrepreneurship is exciting, it can also come with legal challenges.
Here are a few statistics that reinforce the importance of legal guidance for small businesses:
- 36% to 53% of small businesses are sued each year
- 43% face the threat of a lawsuit annually
- 90% experience a lawsuit during their lifespan
There are many things a new or prospective business owner needs to consider, including what kind of business structure to use, how to document the business’s daily operations, and much more.
At Conti Law, our attorneys help you set up and manage the operations of your new small business. Our team can provide you with a clear blueprint that will help you meet all local and tax regulations. Our business and tax law attorneys are here to answer your questions and help you find solutions that put your new business on the path to success.
Business Formation
Business formation is the legal process of creating a new business entity. It’s the first step in launching your operation and getting your business off the ground. Each business structure has unique tax advantages or disadvantages, liability limits, legal compliance obligations, and differing abilities to qualify for loans.
Common business structures include:
- Sole proprietorships
- General and Limited Partnerships
- Limited Liability Companies
- S or C Corporations
- Nonprofit organizations
An experienced business formation lawyer can provide guidance on the most suitable business structure for your needs so that you can ensure your choice aligns with your goals. By handling all the legal aspects of your business formation from the start, a lawyer can help you avoid disputes that might lead to costly litigation at a later date.
What Do Business Lawyers Do?
- Determine the most appropriate business structure for the business’s services and goals
- Draft complex legal documents, such as employee handbooks, preparation of operation agreements, bylaws, and more
- Ensure full compliance with state and federal laws
- Asset Protection Planning
- Commercial and Residential Leases
New business owners or those considering starting a business may be reluctant to hire a business attorney because they want to save money or invest in their business. However, working with an experienced business lawyer is a wise investment, as it ensures you have protected yourself from legal risks and the cost of an attorney in future operations.
Our Business Law Attorneys can help you with a variety of legal matters as you start your business. Ensure your business and future are protected by contacting Conti Law today at 724-784-0239.
