Business & Corporate Legal Services
Why Do You Need To Incorporate?
Incorporating your venture may be one of the best decisions you can make to protect your private assets as a business owner. A corporate structure creates a corporate veil that – legally – will separate personal assets from a business’s assets and liabilities (debts). Your investment into a corporate veil can prevent lawsuits and other adverse actions against your business from targeting the personal assets of the business owner; such as, personal savings, investments, home, retirement, and other personal valuables.
Why You Need a Lawyer When You Start a Business
Below are some examples of how our law firm can help you start your business and be a trusted partner for years to come.
- Autonomy: With many business entities, the things you don’t decide are decided for you. Most states have adopted “Uniform Laws” that fill in the gaps for business entities where their charters, by-laws, and other organizing documents are silent. You may be subject to a whole set of laws and regulations that you don’t even know exist.
- Liability: Different business forms provide different protections and risks to the business owner/investor. Personal liability means that your business puts everything you own at risk. An attorney can help you avoid this situation or minimize your risk.
- Multi-State Business: The preconditions to forming and conducting a business entity in one state may not be accepted in another state. If you are not careful, the protections you have in your home state of operations may be lost if you do business in another state.
- Strict Conformity: With some business entities you must strictly conform to the state law governing that business form, or you may lose the benefits and protections of those laws.
The laws that apply to start-up businesses differ based on the specifics of the situation. The person, or persons, starting the business have many options to protect themselves from personal liability for business debts and obligations
Putting Joey Gilbert Law in your corner will provide you with a ’round by round’ fight plan
What is the Right Business Formation
The choice of business formation often dictates the legal responsibilities and potential liability of those involved in leading the business, as well as the manner in which it may operate. Furthermore, there are other options within these entities that determine things like double taxation and liability for the acts of partners to be hit with.
- Sole Proprietorship
- Limited Liability Company (LLC)
Registering, Licensing, and Permits:
Some business entities are required to register with the Secretary of State in order to be recognized. Even businesses that are not required to register may be required to obtain licenses or permits.
- Local Business Licenses
- DBA – Doing Business As – filing a Fictitious Business Name
It is important to protect your branding. That is why it is important to trademark your companies personal brand, its name, and its logo. It is what makes your business venture stand out against your competition.
Outside General & Counsel – Day to Day Contracts
Most businesses use contracts for space, services, and supplies, as well as agreements between partners, investors, and employees. It is important to get your contracts correct in order to avoid litigation.
Companies often need to raise money, keep records of income and distributions, and behave in a fiscally responsible manner. Different business entities may require different procedures for raising capital and making distributions.