Starting a small business in the state of California can be a stressful ordeal. There are a lot of things that you need to consider, such as the products and services you are offering, the employees you need to hire, and the location of your business, your business model, obtaining investment funds and more. It’s a lot of hard work, although well worth the reward of running a successful business. However, there are also a ton of business laws that you need to be aware of, from tax law to the environmental laws concerning your company’s effect on the environment. Because of this, you should strongly consider hiring a California business lawyer.
A business lawyer will be knowledgeable about all aspects of business law, something that you probably are not. In addition to making sure the setup of your business is legal, a business lawyer can also help guide you through the process of setting up a business as well as assist you in a number of other ways. The following are just a few specific reasons why you should hire a business lawyer.
There are a lot of options available when it comes to deciding what type of entity to make your business. These include making it an LLC (limited liability company) or incorporating it. A business lawyer will give you a rundown on what each entity entails and what the benefits are of each one.
If you are starting a business with one or more partners, a business lawyer will be able to help draw up the necessary paperwork on all business arrangements made between the partners on the outset. This includes what happens when one or more partners want to sell, if another party wants to buy into the partnership, if a partner wants to get out of the business and more.
There are hundreds of legal documents involved with running a business that a business lawyer can properly prepare, from employment agreements to non-compete agreements and more. Your business lawyer will also be able to review any documents your business has received, whether they are client contracts or leasing documents for the location of your business.
Your business lawyer will also be able to make sure that your company is complying with labor laws when interviewing potential employees as well as hiring employees.
If your business needs to find additional investment capital for the expansion of your business, a business lawyer can assist you with finding crowd funding.
Business taxes can be quite daunting. You not only want to make sure that you are paying all of your taxes; you want to make sure that everything that is deductible is deducted. A business lawyer will know exactly what expenses you are allowed to deduct and what forms to file so that your business doesn’t come under the wrath of an IRS audit.
Protecting Intellectual Property
A business lawyer will help you to legally protect your intellectual property, whether it’s the name of your company, product designs, trade secrets, logos and more.
If you are starting up a business, then a California business lawyer will provide all of these services in addition to providing you with the best possible legal advice.
About the Author
Mike is an entrepreneur who has helped and assisted with many start ups and big businesses alike. He likes to write about the latest developments in the world of business in his spare time.
- License: Creative Commons image source