Why to Work With a Business Lawyer

Why to Work With a Business Lawyer

Why to Work With a Business Lawyer

Before a business can stock it shelves, reach out to customers, or open its doors, there is a lot of pre-planning that needs to take place. That is why Spiro Komninos, a business lawyer in Tampa, Florida, recommends hiring an experienced attorney to help create your business. Here, Komninos explains a few of the areas of your business that will benefit from hiring an attorney in the early stages.

It is a fact that successfully launching your own business is a very detailed process that takes a lot of development and commitment. From finding a place to housing your company to hiring the men and women who will become your employees, there is a lot that needs to be done in a short amount of time. Instead of making fast decisions without thoroughly reviewing all of your choices to save some time, it may be in your (and your company's) best interest to work closely with a business lawyer who can explain all of your options and keep you on track.

Create Your Company

When working with a business lawyer such as myself, you can rest assured that all of the necessary stages have been completed and that all of the proper documents have been filed. In particular, I have repeatedly helps business owners by:Analyzing their business plans Identifying potential problems or conflicts that may arise Developing strategies to minimize any disputes that may form between shareholders Negotiating the lease of purchasing of a property for the business Drafting contracts for employees and independent contractors who will work for the company Drafting contracts for customers Solve Day-to-Day Legal IssuesIn addition to initially helping with the set-up of the company, I am also available to represent the company in future cases or to help negotiate and settle disputes. Basically, you should be able to speak with your business attorney about any day-to-day legal issue that arises. From there, your specific attorney will establish a fee based either on a case by case basis, or perhaps a flat retainer fee for corporate legal services.Determine the Right Type of Business EntityIn my experience, one of the biggest challenges for new business owners is deciding which type of business entity to form. With so many different types of entity options, from a corporation and a limited partnership to a joint venture, distinguishing between all of the classifications can become a bit confusing. Most commonly, however, business owners would like to know whether to declare themselves as LLCs or corporations. While both entities offer a business owner limited liability protection, there may be an added bonus to choosing to become an LLC.For example, if you decide that you want to open a supermarket in town, would you want to become an LLC or a corporation? If a customer slips and falls on aisle eight, the plaintiff can be awarded money from the supermarket in a lawsuit if it has been established as a corporation. If your supermarket is an LLC, however, then the plaintiff can only be paid from the profits that you give to yourself, and not from the money that is necessary to run the business. The main difference is how you secure your rights, and an LLC makes it more difficult for lawsuits or claims to interrupt the flow of business.Remember, deciding which options are most favorable for your company is completely dependent on your particular situation. To ensure that your business starts off on the right foot, consult with a business lawyer in Tampa or a city near you.This article is for informational purposes only. You should not rely on this article as a legal opinion on any specific facts or circumstances, and you should not act upon this information without seeking professional counsel. Publication of this article and your receipt of this article does not create an attorney-client relationship.http://www.articlesbase.com/law-articles/why-to-work-with-a-business-lawyer-4490177.html

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