Why A Lawyer Is Needed When Starting A Business

22 September 2017
 Categories: Law, Blog

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Making the decision to start your own business is a major step that can lead to a great future financially. Depending on which type of industry you intend on getting into, you might want to hire a business lawyer to assist with a few things. If you start a business without knowledge of the laws in your area, it can lead to you facing a few stumbling blocks that can cause a lot of stress. Business lawyer are able to help you with every aspect of your venture to ensure that things are done correctly. Look through the list below to learn why investing in services from a lawyer is the wise way to get your business going.

1. Choosing a Name for Your Company

The first thing that you are likely to do when starting a business is to choose a name for it. There is more to choosing a business name than you might think. You must first make sure the name isn't copyrighted by another company, which is what a lawyer can do on your behalf. If the name is available, you must then legally copyright it as your own to prevent other people from using it. Copyrighting your business name will be handy in the event that your business is successful and someone tries to illegally take credit as the founder.

2. Drafting Up a Variety of Contracts

You will be dealing with numerous people as you venture into getting your business going. For instance, if you hire independent contractor for any aspect of your business, you will need contracts that proves they are not your actual employees. You will also need contracts if vendors will be supplying inventory for your business. When you speak to a lawyer, he or she will assess your business and help you decide which contracts are needed. He or she can then customize and draft up the contracts on your behalf.

3. Decreasing the Risk of Lawsuits

No matter the industry that your business is in, there will be the risk of getting sued. However, a lawyer can decrease the risk of people having the ability to file lawsuits against your company. For example, if you are legally selling exotic pets, the lawyer might suggest that you inform customers that they are purchasing the animals at their own risk. There are numerous other disclaimers that the lawyer might suggest as well. Disclaimers can be handed to customers in documents, or can be posted around your business establishment.

Contact a law firm, like Souders Law Group, for more help.