Solana Beach Lawyer — How a Business Attorney Can Help your Business Succeed

HOW A BUSINESS ATTORNEY CAN HELP YOUR BUSINESS SUCCEED - by Blumberg

Starting a small business can be an exciting and lucrative endeavor, and can provide entrepreneurs considerable freedoms not available in a more traditional career path. The road to starting a successful small business is never easy, with many potential pitfalls awaiting even the most prudent entrepreneur. One of the best ways a small business owner can avoid these pitfalls and maximize their chances of success is to consult with a small business attorney early and often in the process. There are several ways that a small business lawyer can help an entrepreneur get started, and getting sound legal advice can ensure that potential issues are anticipated and avoided. Below are some of the more common ways in which a small business attorney can help you succeed.

Choice of Business Entity

One of the most important decisions a small business attorney can make is to decide what business entity under which to operate. Some of the more common options include a sole proprietorship, partnership, limited partnership, limited liability corporation, s-corporation, or c-corporation. Each one of these entities has certain benefits and drawbacks, and the one that is right for you depends on your specific circumstances. The choice of business entity can have significant ramifications on issues like taxes, liability, the ability to add or remove business partners, or flexibility in operations. Consulting with an experienced business attorney is the best way to make sure that you understand all the options and choose the entity right for you.

Ensuring Compliance with State and Federal Law

Certain business ventures are subject to state and federal laws or licensing regulations. Examples of businesses that may fall into this category are professional services businesses, restaurants and bars, catering companies, hair salons, dry cleaners, or child care services. Noncompliance with state or federal law could cost a business thousands of dollars and, in some cases, may cause a company to go out of business. An experienced small business attorney can help ensure that your business has the required licenses in order to operate and that your operations are in compliance with the applicable laws and regulations.

Drafting Contracts and Other Business Documents

One of the most important issues that a small business can face is making sure that they have appropriate and legally enforceable business contracts and documents. When a client or a customer hires you to perform a service or buys a product from you, it is important that both parties understand their legal rights and responsibilities. A well-drafted contract can help achieve this, as well as ensuring a favorable result in any dispute that may arise. In addition, certain business formations may be subject to formal filing requirements with the state. It is important to make sure that these documents are properly drafted and filed to avoid any future issues. Hiring an attorney with the proper business expertise is the best way to ensure that your business documents are properly drafted and legally enforceable.

Contact a Solana Beach Business Attorney for a Consultation

Anyone who has started or is considering starting a small business should consult with an experienced business lawyer as soon as possible. The attorneys of Blumberg Law Group are dedicated to helping businesses succeed and providing common sense and solution-oriented legal counsel to businesses of all sizes. To schedule a consultation with one of our attorneys, please call us today at (858) 509-0600. If you would prefer to reach us via email, please fill out our online form available here.

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