So, you’ve decided to become one of the growing numbers of Americans launching a new business. Congratulations!
But if you think you’re ready to start building your new company from scratch, you should think again. The early days of a company are full of pitfalls and muddy waters, so it’s best to have an expert help with the navigation.
And while some business owners find success launching their company alone, it’s a good idea for most startups to reach out to their local office of legal counsel for assistance before things go too far.
If you’re on the fence about consulting a lawyer for help, here are three reasons you should consider it.
1. Choosing and Trademarking a Brand
Right from the start, it pays to have someone who knows the ins and outs of the business world, and that includes picking a name.
You may have the perfect name in mind, but the last thing you want is to learn via a cease and desist letter that it already exists under the trademark of another company! An entrepreneur lawyer can sift through trademarks to ensure that your new name is in fact original.
Beyond this, you’ll want to set up your own trademarks to protect your brand and/or business name. This ensures that as you move forward with branding and logo design, you can feel confident about your new intellectual property.
2. Setting up Your Business
Now that you have the right name for your company, you’ll want to formally establish your business.
Depending on your business model, you may want to opt to establish an LLC, corporation, sole proprietorship, or something else. However, while the founders of most startups know the ins and outs of their own business needs, they may not be well-versed in the legal structure of business entities.
Having a small business lawyer on your side can help you weigh your options, allowing you to decide what’s best in terms of liability, risk, and compliance. These experts can provide invaluable help on the front end that ensures you won’t regret your decision a few years down the road.
3. Creating Business Contracts
As you work to establish your new business, you’ll be forming connections with other people entities around you. From vendor and supplier agreements to terms of service to employment contracts, the paperwork can quickly build up.
Consulting legal counsel can help you ensure that every contract you create is airtight, protecting your blossoming company as well as your finances.
Reach Out to Your Office of Legal Counsel
When you’re investing a great deal of time and effort into a new business, it’s a good idea to make sure everything is in order. Rather than hoping for the best, consulting with your office of legal counsel can help you find the help you need in advance, instead of waiting until problems arise! With an expert at your side, your business will have a better chance of staying the course for longer.
Want more tips to help you grow your business? Learn more with our other helpful guides!