Throughout the excitement of starting your NEW business, the last thing on your mind may be talking to a business attorney about possible legal issues you may run into. However, that doesn't mean you shouldn't make finding the right business attorney at the Lake of the Ozarks a priority. On that note, keep reading this week's blog for a few questions to ask your business attorney. For a free consultation with one of our experienced business attorneys in Lake Ozark, please call Gibbons Law Firm today. We can be reached at 573-348-2211.
Questions To Ask Your Business Attorney
WHAT SHOULD I BE DOCUMENTING WHEN I HIRE SOMEONE?
Your business may be open to a number of risks and regulations as you hire employees. It's important to know the details of employment laws and to abide by the rules of employment for your state. Don't forget to keep good documentation of any employee activity - hiring, firing, and everything in between. Your business lawyer can help you know the regulations you need to follow and help you draft accurate documentation for any employment activity.
IS HAVING A BUSINESS ATTORNEY LEGALLY REQUIRED?
While it's not required, a legal professional can help your business in a number of ways. From helping establish your business and initial documentation to giving legal advice throughout your time in business, you may use your business lawyer a lot. It's best to have a legal professional on your side who knows your background when a legal issue arises.
IS HAVING A SOLE PROPRIETORSHIP THE BEST DECISION FOR ME?
Before starting a business, you will need to decide upon the business structure. As a sole proprietorship or general partnership, you and your business will be seen as the same entity. This can cause issues in your personal life should your business go into debt or be sued. To help protect against this, you can structure your business as a corporation, limited liability company, or limited liability partnership. This can help protect the personal assets of those involved in the company. Limited partnership and nonprofit corporations are also options for your new venture. A legal professional can offer the pros and cons of each type and offer advice as to which one is best for your future business.
WHAT IS TRADEMARKING?
A business name, logo, and slogan can be trademarked to help prevent other businesses from using the same branding technique as yours. To do so, you must register these items to be trademarked and ensure you are not using a graphic, name, or phrase that another business has already used.