4 Reasons All Startup Businesses Need an Attorney
Starting a business is an exciting event, but it can also be quite nerve-wracking. If there is one thing that the vast majority of new startups have in common, it is that they want to avoid wasting money. This can often result in cutting corners and leaving out essential things such as the guidance of an attorney. The fact is, having an attorney working with you from the very beginning is not only surprisingly affordable, but will also help give you the best chance of success long into the future. Not sure why you need an attorney as a startup? We provide a few reasons below:
1. Handling Legal Requirements
This one may seem obvious, but there is often more to it than people realize. An attorney will be able to help you with all the different legal steps that need to be taken to get your business off the ground, including:
- Establishing the Legal Structure of the Business
- Creating Employee Contracts
- Applying for Permits and Licenses
- Leasing Contracts for Your Facility
- Much More!
2. Seeking Financing
It is quite common for a startup to need to get financing in order to get everything up and running. For most new businesses, simply applying for a loan at your local bank isn’t going to be possible. An attorney can help you to seek out the proper types of financing, including taking on partners, venture capital, selling shares of the company, and more. In addition to helping you pursue the right type of financing, a good attorney can also draft the necessary contracts to ensure it is done properly.
3. Avoiding Lawsuits
All new businesses are at risk of a variety of lawsuits. Most people are familiar with things like personal injury lawsuits that a customer could file against you, but that is just the beginning. New companies are especially at risk for lawsuits related to copyright and trademark infringement from competitors, for example. An attorney will help you avoid these types of problems, and if they should occur, will help fight for your business in court.
4. General Advice & Assistance
Perhaps the most important thing an attorney can do for a new business owner is to just be there to offer advice and assistance where needed. Our team at Costa Law, PL is dedicated to helping our clients find success as a startup, and build a thriving business serving Florida for years to come. Please contact us to discuss how we can help you today.