(Newswire.net — May 25, 2020) — If you are preparing to start a new business, then exciting days are almost certainly in store for you. At the same time, there are a lot of decisions that need to be made. Many of the choices that you make during the start-up phase of your business will ultimately be its success or lack thereof. This is why it is important to consult with an attorney before you officially start a business. The advice that you will get should prove to be invaluable to you as you proceed. Here are some questions that you should be sure and ask as you get started.
What Is An Appropriate Business Structure For Me?
There are many different types of business structures available today. Not all of them will be beneficial to you, so it is important that you find the structure that is optimally designed to encompass the type of work you plan on doing. Some choices include a corporation, a limited liability partnership, a nonprofit corporation, and a limited liability corporation. A lot of it will depend on how many people you plan on owning the company, what products and services you wish to sell, and what type of tax structure is best for your new business.
How Do I Go About Choosing a Name?
While you may have a name in mind for your business, you will want to run it by a business lawyer before you start printing up business cards and putting it on your company letterhead. There are some legal guidelines for naming a business that varies by state. You also need to be careful that you do not choose a name that is already in use or that will infringe upon the rights already granted to another entity.
What Should I Include In My Company Bylaws?
The answer to this question will again depend on the type of business that you form. There are certain bylaws that you will need to follow in terms of how your company is structured. A limited liability company, for example, will have requirements for a shareholder meeting every so often. You will also need to have a registered agent where your mail is received.
How Do I Make Sure My Intellectual Property is Protected?
Depending on what you plan to sell, it is quite likely that your business will have the need for certain trademarks that are designed to separate it from others on the market. You can create slogans for your company, products that are unique to your business, and much more. In order to protect each of those, you will need a lawyer to help you secure the proper patents and approvals when the time comes.
Are There Any Specific Contracts My Business Needs?
Contracts are designed to protect the interests of all parties involved in any given transaction. It is possible that you will need to have a number of contracts drawn up for your business that are designed to protect you from potential liabilities and risks. You will want to go over such transactions with a lawyer and determine what type of contract is best for your business in each situation.
These are five questions that are best asked of a lawyer. You want to make sure that you get it right straight from the beginning. This is your chance to start off on the right foot, so you want to make sure that you are doing everything that you can to make that happen. Having a lawyer on your side during the start-up phase is highly advisable.