Making Changes To Your Life

How a Lawyer Can Help You During the Business Formation Process

by Kristin Hawkins

The time when you are first getting a new business off of the ground is a very important time, and it's important to focus on doing everything the right way. For example, you might need legal assistance during the business formation process. It's wise to work with a business transaction attorney during this time so that he or she can help you with the things below and more.

Going Over Lease or Purchase Contracts

First of all, you will obviously need to have a building to operate your business out of. This means that you might be planning on renting or leasing an office space or another commercial property, or you could be thinking about purchasing a building of your own. Either way, you are probably going to want to work with an attorney.

For example, you should not sign a lease contract for a commercial space without having the lease looked over by an attorney. An attorney can also help you with looking over a purchase contract if you are planning on buying a building to operate your business out of.

Helping With Contracts With Investors

To get the money that you need to start and run your business, you might be planning on working with investors. If this is the case, then you may need to draw up contracts and agreements with those investors. An attorney can help you ensure that everything is done fairly and legally for all parties that are involved.

Assisting With Establishing a Partnership

If you are going into business with another person or entity, it is important to get everything in writing. Then, you can make sure that your partnership is fair, and you can prevent a lot of legal issues later on. If you sit down with a business transaction lawyer to talk about what you and your business partner has in mind, then he or she can help you with drawing up the right contract for the partnership.

Assistance With Establishing an LLC or Corporation

Lastly, you might need assistance with establishing an LLC or corporation. Your attorney can tell you a little more about what is involved in doing so and can help you make the right choice for your business. Then, he or she can help with the establishment of an LLC or corporation.

The examples above are just a few examples of ways that a lawyer can help you out during the business formation process. If you contact a business transaction attorney or another business-minded lawyer, then you can get the help that you need when getting your new business off of the ground.

To learn more about the legal side of starting a business, contact a lawyer offering business transaction law services in your area.