It might seem like foregoing an attorney would be an easy way to save money while your business is getting off the ground, but legal services are an investment in your future. If your business isn't structured properly in the beginning, this can create costly and time-consuming problems down the road.
How an Attorney Can Help
No two businesses are exactly alike, which is why it is risky to rely on books or websites offering general tips for new business owners. An attorney can provide guidance and services that are personalized to fit your business's unique needs.
Think of your attorney as a silent partner who will help you set your business up for success. Your attorney can:
- Structure your business in the most effective way, whether this involves becoming a sole proprietor, general partnership, limited partnership, limited liability partnership, or for-profit corporation
- Assist in obtaining specific licenses, forms, and permits related to your type of business, such as those that are necessary to open a restaurant or catering company
- Advise you on compliance with specific employment laws, including laws designed to protect workers from discrimination
- Answer questions about how specific business decisions affect potential tax liability
- Minimize your personal liability for issues related to your business, including personal liability for business debt
- Guide you through specific concerns that apply to multi-state and e-commerce businesses
- Prepare customer and client agreements
- Review lender, lease, and purchase agreements
- Provide advice regarding best practices for hiring, firing, and employing workers
As a small business owner, you're often expected to wear many hats. However, there's wisdom in knowing when expert assistance is necessary. By working with an attorney who can handle the legal issues related to your business, you'll have more time to focus on marketing, sales, customer service, and the day-to-day operations of your company.
Contact Colin Smith Law PLLC Today
Colin Smith has extensive experience helping Texas business owners meet federal, state, and local regulatory requirements. Call today to learn more.