Starting a business is a bold step in the direction of entrepreneurship. Once you’ve decided on the dream, then you need to take the necessary steps to make it a reality. These steps include the likes of registering a business, putting together a marketing strategy, and making sure that you’re following all of the legal requirements. This is where a business attorney can come in handy.
An experienced business attorney can be an asset in setting up your business according to legal procedures and making sure that your operation is compliant. By trusting a business attorney with the legal process, you can focus on the areas of the business where your strengths lie.
What Is A Business Attorney’s Expertise?
A business attorney’s expertise typically extends across several areas of knowledge specific to the state of operation. There is a range of specifics that are best guided by a business attorney, including zoning compliance and copyright advice.
With this in mind, there are different areas of assistance that are provided by a business attorney. These areas include:
- Contracts – to help with standard contracts between clients, customers, suppliers, and employees
- Business Organizations and Incorporation – offering guidance on how to organize your business and assist with the necessary paperwork
- Real Estate – which specializes in leasing commercial space and the various provisions that are related to the agreement
- Taxes and Licenses – working alongside the accountant to make sure that there are no tax consequences for your business transactions
- Intellectual Property – for federal trademark and copyright protection, particularly important in design or creative businesses
- Exit Strategies – because not all business arrangements continue indefinitely
- Corporate Governance – which includes the ongoing legal requirements to maintain corporation status
- Issuance of Stock – to raise capital, incentivize your employees, and more
- Obtaining Federal ID Numbers – this is an important step in opening a corporate bank account, taxation, and other services
These are just a few areas of expertise that are offered by a qualified legal practitioner in the business space.
When Should You Hire A Business Attorney?
When you run a small business, you may think that you only need to call on a business attorney to help you put out legal fires. Larger businesses and corporations will have a trusted business attorney that they contact regularly for guidance on certain issues.
Regardless of the size of your business, it’s a good idea to begin building a relationship with a business attorney from the beginning. This will ensure a healthy and trusting relationship along the business journey.
Hire The Right Business Attorney
When you’re looking for a business attorney, it’s important to speak to someone who is trusted in the industry and is familiar with your state law. There are certain questions that you can ask your business attorney that will indicate whether or not they are suitable for the job.
Begin by asking about their experience, especially if there’s a specific area of business law where you need help. Another important question to ask is whether or not they have experience with your industry. It’s always useful to have an attorney who is familiar with the legal environment of your industry.
Other attributes that are valuable with business attorneys include patience when talking with you, and confidence when dealing with legal matters, without inflating costs. Although a lawyer typically deals with a serious side of the business, it’s important that you connect with the person and feel comfortable working with them.
Handin Law: Coral Spring Business Attorney
At Handin Law, we have been offering legal services that your business can count on since 1969. We understand the ins-and-outs of business law in Florida and are passionate about helping businesses through the LLC process and other legal matters. Contact us at 954-796-9600 to find out more.
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