Business Lawyer
Starting a small business is an exciting challenge and a dream for many. Those who are well beyond the dreaming stage and are close to forming a business will almost always benefit from advice and direction of a business lawyer that specializes in business formation. A Washington, DC business lawyer can help by answering questions that may arise before, during and after forming a business regarding incorporations, partnership agreements, and sole proprietorship tax status. Additionally, prior to formation, the perspective of a business lawyer can help illuminate aspects of the process that may not have been considered, saving you time and money later on.
An experienced business lawyer can help solidify the future of any new business venture by assisting with business organization forms, and setting up new sole proprietorships, partnerships, corporations, or limited liability companies (LLC). Your lawyer will help give you full confidence that every detail has been considered, ensuring your chances for succeeding are optimal.
Take a Proactive & Strategic Approach
With any business venture, there is a potential for legal issues to arise, and unfortunately many business owners wait until conflicts arise to seek legal advice. Procrastination in this regard is the downfall of many businesses who are being sued. Having a trusted business lawyer on your side from the start will enable you to foresee and be prepared for legal scenarios such as lawsuits before they arise, ultimately saving you time, money and potential settlement costs.
Roles and Responsibilities of a Business Lawyer
Business lawyers function to help entrepreneurs and business people devise solutions for new business ventures. Both those who are starting a new business and those who have a well-established business can benefit from the perspective of an experienced business lawyer.
Ways that a business lawyer can help include but are not limited to:
- Explaining and identifying appropriate and essential business organization forms for new businesses. (sole proprietorship, partnership, corporation, LLC.)
- Reviewing tax, liability, management and other associated formation costs as they pertain to each type of organization form.
- Assisting with the process of devising a strategy that meets the unique needs of your business.
- Drafting agreements and contracts
- Drafting & filing registration documents
- Drafting necessary tax forms
- Identifying and obtaining business formation permits
Help with Business Tort Litigation
Aside from business formation, another key responsibility of a business lawyer can be providing assistance when conflicts arise. Operating a business comes with risks that require the skill and experience of a lawyer. A business litigation lawyer can help develop a strategy to protect the future of your business if a conflict or dispute ever arises. Some of the most common business tort cases that can happen include:
- Fraudulent Misrepresentation
- Interference with Contractors
- Interference with a Potential Client
- Unfair Competition
Hire a Business Lawyer
If you are considering starting a business or own a well established company, it is highly recommended to develop a relationship with an experienced business lawyer. They will be able to provide critical advice and assistance through every aspect of operating a business, new business formation, and when disputes inevitably arise.
Thanks to Brown Kiely, LLP for their expertise in business law and business formation.
