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How a Business Attorney Can Assist Your Start-Up by Cleo Gib
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How a Business Attorney Can Assist Your Start-Up |
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Law
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You're starting a new company. You may not have a lot of money to get everything going, so you consider passing on hiring a business attorney in Austin, TX. Before you skip over getting legal help, you should stop and consider all of the benefits of hiring a lawyer to assist you. A lawyer can draft documents that will hold up in court. A lawyer will help protect you from taking steps that would be considered illegal. Before making any important decisions regarding your company, you should speak with a lawyer that can help your start-up with the following things: Company Type One of the first decisions that you need to make in regards to your company is the type of company that you should file as for tax reasons. You could choose to be a limited liability company, which will limit your personal liability in the case of a lawsuit. Limited liability companies have fewer legal requirements that they need to meet. These companies also have less experience than other companies, such as a partnership or incorporation. The one that you choose will determine your legal responsibilities and taxes. Your lawyer will discuss each type with you and help you determine which one would be the best for your company. Contracts Whenever you work with other companies or contractors, you should draft a contract. You should be wary of entering a faulty contract, and you should make sure that a contract works in your favor before signing it. A lawyer will help you read through the contract and determine whether you should sign it. If there are any issues, your lawyer can help make changes to it. An attorney can also help you draft contracts, determining what should be included or left out. Leaving out critical jargon can create issues or confusion, so it's important to have someone with experience drafting it with you. Lease You may be starting out in your basement or garage, but eventually you're going to want to move to a bigger place. You'll start looking for your own office space. However, before you sign the lease you should have your lawyer review it, ensuring there is nothing in the lease that will harm your business in the long run. Will you be able to have large amounts of traffic? Will you be able to manufacture the items that you need? Will you be able to renew your lease without a problem? Your lawyer will look for anything that could cause issues. You may be able to add addendums or discuss issues with your landlords. As you negotiate terms, you may even be able to save money in the end. Hiring Practices As your business grows, you're going to need to hire new employees. When it comes to hiring employees, you need to follow best practices that will protect you from lawsuits and other legal problems. You may need to create contracts. You may need to consider benefits, taxes, and other issues involved with hiring employees. Everything needs to be done in compliance with federal and state laws. You could discuss issues with your lawyer and make sure that your best practices are legally sound. Hiring a business attorney in Austin, TX, is vital to the future of your business. You need to discuss the legal implications of all of your choices. You need to understand how decisions will impact your business. Having a lawyer in your corner who is familiar with your business will ensure that you will make the best decisions for your company.
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