The Importance of Business Law Attorneys
You don't have to have a major corporation to need a business attorney. Indeed, anyone who makes a small amount of money with an online store, a brick and mortar shop or small car dealership can find themselves benefitting from the services of a business attorney. There are so many different types business entities, alone, that consulting a business attorney makes for a wise decision.
Business law attorneys are extremely valuable as they can address several legal concerns many businesses will inevitably face. They can be very helpful with a variety of issues including business formation concerns, the legal issues associated with forming businesses, registering businesses for federal, state, and local taxes, helping businesses obtain federal trademark and copyright protection, and drafting employment agreements.
There are several types of businesses one may choose to form. Choosing the right type of entity to form is very important and will depend on the desired exposure to liability, tax treatment, and a variety of other factors. These options include, Partnership, Corporation, Limited Liability Company (LLC), and Limited Liability Partnership (LLP). Many people seeking to start a business may not know the difference between an LLP and a General Partnership for example. A qualified Lead Counsel business law attorney will explain which one is better suited for you based on your needs and will prepare the necessary paperwork. Of course, you may do this research on your own, but most people like the assistance of a lawyer who is knowledgeable in the area of business law. Forming most of these entities also requires filing paperwork with the Secretary of State. A lawyer can assist you in this process as well.
Help Explain Legal Issues Associated With Forming a Business
Legal issues may surface while forming businesses, such as hiring employees, registering for taxes, and acquiring identification numbers from the IRS. With the help of a qualified Lead Counsel business law attorney, the process of forming your business will run smoothly.
Registering Businesses for Federal, State, and Local Taxes
Business law attorneys will be able to assist with basic tax requirements of your business. This means that they will aid you in filing your business tax returns and register your business for federal, state, and local taxes.
Helping Businesses Obtain Federal Trademark and Copyright Protection
An owner of a business should protect their logo, name, or brand name through trademark and copyright protection. An attorney can assist you in obtaining a legal trademark. This will help to protect your work and allow you to seek remedies should someone infringe on your rights to that trademark.
Drafting Employment Agreements
A lawyer will help you draft the necessary contract agreements between you and your employees. These include creating guidelines and procedures for employment, and non-disclosure and non-compete agreements with employees. Were you thinking of creating an employee handbook? Are you sure that's a wise legal decision. Depending on which jurisdiction your business is headquartered in, it may (or may not) be in your business' best interest to
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Business Law Articles
- Business Law
- How to Name Your Business
- An Overview of the Uniform Commercial Code
- Breach of Fiduciary Duty
- What are Negotiable Instruments?
- How to Avoid Big Mistakes in your New Business
- What Should Be Included in an Employee Handbook?
- Letters of Intent and Term Sheets
- Shareholder Agreements
- An Ounce of Prevention - How Businesses Can Minimize the Threat of Litigation
- Buy Sell Agreements
- What is Your Business Worth?
- How to Deal with Common Disputes of Family Owned Businesses
- Business Slowdowns, Downsizing and Cost Reductions
- Due Diligence in Business Mergers and Acquisitions
- Being Squeezed out of a Family Owned Business?
- How Can a Business Law Attorney Help You Dissolve Your Business?
- The Sarbanes Oxley Act: Success or Failure?
- Common Small Business Tax Deductions
- The Board of Directors Duties of Care and Loyalty
- Common Contract Terms Explained
- Advertising Your Business on the Internet
- Are There Any Limits on Executive Compensation?
- Employer Identification Numbers
- How to Finance a New Business
- Corporations and the Law
- Business Law Overview
- Business Finance Laws
- Legal steps to starting a business
- What is the Retail Installment Sales Financing Act?
- What is equity financing?
- I want to do business online. Do I need to charge state sales tax?
- What is debt financing?
- Running a Business: Legal FAQ
- What are the advantages of organizing a business as a Sole Proprietorship?
- What are the advantages of a limited liability partnership (LLP)?