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Do You Need A Lawyer If You’re Starting A Business?

So, you started your own business. Congratulations! You have a hard road ahead of you, but to be able to fulfill your dreams will be worth it all in the end. Whether your started a clothing business, a restaurant, or are selling an item you feel people need, it’s important that you protect your business venture and investments. At Ores Law, when you start a business, we encourage you to hire a lawyer who practices business law. We encourage this because you need to be able to protect your burgeoning business. With the many factors that can harm your business, you want to make sure you follow every business law you can to protect your finances and your business. By hiring a lawyer, you’re able to protect your business from any legalities that might occur down the road. Ores Law caters to the Northern Colorado area and provides many services that range from business law, family law, bankruptcy, criminal law, civil disputes, personal injury, and estate planning.

What Can A Lawyer Offer My Business?

First, when you hire a lawyer who practices business law they’re able to help you with all of the legal aspects. There are three types of business. One type is called sole proprietorship. A sole proprietorship is a business that requires you to get a local business license. A sole proprietorship doesn’t involve a lot of paperwork, so it’s not necessary to have a lawyer. However, to make sure all of your paperwork is in order and your business is secure, it might be in your best interest to hire a lawyer. The second type is a partnership or an LLC. This type of business is a partnership agreement. More paperwork is involved such as the partnership contract, and other documents that need to make sure your business is registered with the state. The third type of business is a corporation or an S corporation. The corporation needs to be registered with the state, bylaws must be completed, as well as other documents to make the ownership legitimate. A lawyer is a necessity for a corporation. For all three of these types of businesses, a lawyer is able to help construct the business by making sure the proper precautions have been taken for your business.

Why Would I Need A Business Lawyer?

A lawyer is able to make sure what you’re doing is legal and correct. When you need help with going through forms upon forms of business legal documents, you’re able to seek your lawyer for assistance. In addition, especially with a startup business, you can make sure you’re doing everything correctly. If it’s your first business you’re starting, you might feel a little deterred and nervous about starting up a new venture. A business lawyer is able to help keep you on track with paperwork and making sure your startup is ready to go. In addition, when you hire a lawyer, you don’t have to worry about anything besides your business. A lawyer is able to concentrate on all of the legal documents, focus on trademarking the name, reviewing all of the documents, and any patents you may want for your business. A lawyer will essentially make your life easier when starting a business.

If you’re looking into starting a business, then take the time to learn more about what a lawyer can offer your business. At Ores Law, we are able to help with business formation and partnership agreements and contracts. Schedule an appointment today to get started.