Dunn Lambert, LLC
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Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
comprehensive legal services for businesses call 201-957-0874

4 reasons to hire an attorney when starting a business

If you are considering starting your own business, it is an exciting time in your life. However, along with the excitement, you will encounter several legal issues as you begin your enterprise. As a result, you need to hire an attorney to provide legal advice to ensure that your operations are lawful and you are protected against liability. Some of the top issues that an attorney can assist you with include the following:

1. Choosing the right entity. One of the first tasks that you are faced with when forming a business is choosing the type of entity (e.g. partnership, LLC, corporation etc.). This is an important decision, as a poor choice could unnecessarily expose you to liability and undesirable tax issues. An attorney can listen to your goals and help you choose the right entity for your needs.

2. Dealing with paperwork. Starting a business involves a large amount of paperwork and legal formalities, such as securing capital, drafting bylaws and complying with tax requirements. Since this can confuse even the smartest of persons, having an attorney do it for you can ensure that it is done right, allowing you avoid pitfalls and begin operations as soon as possible.

3. Protecting information. As your production secrets, business plans and customer information is important to your competitive advantage, it is important to ensure that this information stays away from your competitors, who could use it to your detriment. An attorney can prevent this from occurring, ensuring that your legal right to your intellectual property is protected.

4. Reviewing and drafting contracts. Contracts are the lifeblood of business operations. It is therefore important to ensure that the contracts you enter into are fair and clearly drafted in order to avoid disputes in the future. An attorney can examine agreements from the point of view of your business and ensure that you avoid all unfair or unduly risky deals.

For over fifteen years, the experienced business law attorneys at Dunn Lambert LLC have helped New Jersey business owners address these and a multitude of other legal issues. Our attorneys can guide you through the formation process and ensure that the best interests of your business are protected at all times.

3 Comments

Thanks for explaining why it is important to hire a lawyer when you are starting a business. You make a good point about how an attorney can ensure that you gather all of the right information and file all of the correct paperwork when starting your business. Since there is so much to keep track of when you are getting started, it makes sense that you would want to work with someone who is familiar with the rules and regulations and who can ensure that your business is legitimate.

Thanks for sharing some tips for hiring an attorney when starting a business. You make a good point about how a lawyer will be able to help you deal with paperwork. I also like the idea of having a professional to help review and draft contracts. My brother was thinking about starting a business, so I hope he can find a good commercial attorney to help him.

It has always amazed me how people can start businesses from the ground up. Like you said, when starting a business it is important to make sure that you cover all of the legal formalities which is why a business attorney is something to invest in. Once you have a business attorney on your side, it will be a lot easier to deal with the paperwork and to legitimize your company.

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