You have decided to start a new organization. Congratulations where do you go from here Do you employ a company lawyer or do you want an accountant an accountant will surely help you with your taxes when you are ready to do so. But how can you decide what sort of thing you should be you have heard of limited liability companies, but you are not sure that this works for your company. Everybody seems to have an S-corp. Is this what you require what you actually need is to find a good business lawyer. A fantastic business attorney can allow you to recognize the myriad decisions you will have to make for your company and will enable you to start off on the right path. Based on the type of business you have got and the amount of investors in your company, you will have to talk to a company lawyer about entity creation, trademarks or copyright, insurance and other techniques to protect your personal assets.
The money you invest in a fantastic business lawyer at the start of your company will help save you considerable money downs the road. Here are a few ways a business lawyer can help you Entity Formation. In California, we like to advise our new Melbourne based business lawyer to form an LLC – a limited liability company unless this is not available for your kind of business, including a licensed contractor. The principal reason is simple: experience shows that many small companies would not hold annual meetings and keep minutes. Failure to maintain corporate formalities as a company can have catastrophic results. A creditor can pierce the corporate veil and a court could find you liable for the corporation’s obligations. With an LLC, the failure to have meetings and keep minutes is not considered a reason to pierce the corporate veil in an LLC.
A fantastic business attorney will talk to you about the sort of entity appropriate for your organization and help with setting up the business correctly. Trademarks if you work hard to come up with a title or Design a logo, do not you need to protect it By filing for a trademark with the U.S. Patent and Trademark Office, it is possible to protect that name or logo. And a business attorney can enable you to comprehend the important of doing so first – instead of waiting till you have established your business. The worst thing you can do is invest plenty of money marketing your brand, merely to find someone else has registered that name – or a similar title before you.Continue Reading