New Businesses and Legal Planning
Do you need legal planning for a new business? New businesses and legal planning go hand in hand. Without exception, every new business owner will encounter countless legal pitfalls and blind spots. As a result, legal advice is a must. Ultimately, legal planning helps to ensure that your new business has a strong foundation.
If you are considering legal planning for a new business, you probably have a ton of questions.
Specifically, what type of business will you build? In other words, do you plan to create a corporation? Will you form a partnership? Otherwise, will you be a sole proprietor? Do you need to protect intellectual property? Are you entering a field with potential legal land mines? As a result, does personal liability concern you? To put it another way, how will you protect yourself? Are you wondering, do I need an attorney?
The best business plans fail when operating outside of the law. In that sense, new businesses invariably benefit from legal planning. After all, business involves legal matters. Consequently, startup companies assume a great deal of legal risk. At this point, protecting yourself is key to survival and success. Startups that seek legal advice avoid mistakes and legal pitfalls. As a result, startup businesses that seek legal advice succeed at a higher rate.
What Role Does the Legal Team Play?
Legal teams give advice on business issues such as:
- Sales Agreements
- Government Compliance
- Corporate Compliance
- Commercial Contracts
- Employment Agreements
- Filing for Incorporation
- Corporate Structure
An attorney helps develop business plans by taking on the role of outside counsel. Our experienced legal team at Heskett & Heskett is looking forward to assisting you with all of your legal needs. If you need legal advice about starting a new business, contact our legal team today.