Starting a new business can be a challenge. The rate of failure for new businesses is between 50-70% within the first year and a half. The last thing most people think of is hiring an attorney during the initial stages but legal guidance can go a long way to keeping your business afloat. Here are some reasons why you should consider a lawyer for business legal services in Albany, GA. Business Planning In the initial stages of your start-up, you will need to determine the appropriate legal structure of your business. Should you form an LLC, a partnership, a proprietorship, or a corporation? There are several advantages and disadvantages to each structure and a lawyer can help you determine which one will be a good fit for your business. Buying and Selling When you need to buy real estate or negotiate a lease agreement, a lawyer can help you navigate the complicated vernacular in these types of contracts. Lease agreements can be especially tricky and a ‘bad’ lease can cost you thousands of dollars in unexpected rate increases and penalty fees. If you want to sell your business or enter into large sales agreements, a lawyer will make sure you are getting the best deal for your efforts. Litigation Lawsuits are always a concern for business owners. They usually stem from perceived violations of employee rights, environment codes, or federal and state law. A lawyer who specialized in all of these areas will be able to protect you and your business should it face a legal battle. Patents The process of obtaining a patent for a product or idea of your creation is usually lengthy and complicated. A wrong entry on any of your legal documentation could cost you your rights and royalties pertaining to your patent. For questions about how business legal service in Albany, GA, can help your startup, contact a law office in your area.
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