Having a lawyer for your business is some of the top advice you will receive from experienced business owners. A good lawyer can keep a bad situation from getting worse and even prevent those bad situations from happening in the first place, like a FINRA lawyer Anne Arundel County, MD from a tax firm like Crepeau Mourges can advise.
Forming a Business
When forming a business, there are several legal questions that need to be answered before you make your first dollar—things like setting up the legal structure of your business. Having a lawyer involved from the beginning will make sure you understand the options and make the best decision. For example, a lawyer can help you set up an LLC to protect your personal assets or set up a corporation if that would be better for your situation. They should also be able to help navigate things like licenses, paperwork, and registering a trademark.
Drafting Contracts and Agreements
A business lawyer can help you create contract documents that are rock solid. The last thing that you want is to find out that there is a problem with a contract or agreement when it is too late to do anything about it. This is one of the ways that having an attorney on your side can prevent problems before they arise. Avoid bad contracts by just having them drafted by a good business lawyer in the first place.
Defending Against Lawsuits
Lawsuits are a possibility that keeps some business owners up at night. If you have a business lawyer on your side, though, you are starting off in a good position. They already know your business and can get a jump start on the defense. In cases where an agreement or contract is in question, they can make sure that you start off in a good position by the way that they drafted the agreement or contract in question.
Another benefit to working with a business lawyer is that they can make it easier to get paid. There is nothing like a letter from an attorney to motivate someone who is late on making a payment. In most cases, that letter will be enough, but if even that doesn’t work, your attorney will know how to follow up so that you can collect the money that is owed to you.
Having a FINRA lawyer can help at every step of owning a business. If you have questions about your business, contact a FINRA business lawyer to find out how they can help.