Small businesses often believe that their small size and limited business dealings do not require legal counsel. This is a serious mistake. A small business has almost as many issues that warrant the attention of an attorney who is experienced in small business law.
A business should never begin without consulting a small business attorney on the type of business structure needed. For example, the business could be a sole proprietorship, it could be a partnership, and it might be an LLC or even a corporation. Each of these has tax ramifications and personal liability issues that should be discussed with a Small Business Law Attorney in Cornelius, NC.
A small business owner should set down with an attorney when he is just thinking about starting a business. Get acquainted with the Small Business Law Attorney at Lake Law Office Cornelius, NC before you really need him. If you wait until you are in trouble you might find it difficult to get an attorney’s attention. One of America’s most successful small business entrepreneurs owns 70 different small businesses in various states. Geoff Seaton says he would never start or buy a business without an attorney involved in the beginning.
Filing the required business documents with the state, county and city is important if you want to avoid trouble. An attorney can do this correctly. It is true that an ounce of prevention is worth the price. Another example is having an attorney explain the discrimination laws to you. Knowing these can prevent a costly lawsuit.
If your business will be buying products from a large business under a purchase contract, then you should have the contract reviewed by an attorney. Often a word or phrase may appear to mean one thing to you, but in fact it really means something else in the law. A Small Business Law Attorney in Cornelius, NC can keep you properly informed.
An attorney should set up the insurance coverage which a small business requires and he should review the policies to be certain that they say what he wants them to say.
A small business is entering the business world where big businesses rule. While there is nothing wrong with this, the small business must remember they are swimming with the sharks. Some sharks eat humans and some do not. The Lake Law Office, PLLC will keep you out of the shark’s jaws.
