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Starting a Business? Why Hiring a Lawyer is Critical.

December 2, 2016
Written by Marguerite Kneisser, Esq. Senior Associate

Let’s face it. If you are starting a new business, the last thing you think your business needs is an attorney. However, here are five reasons why hiring an attorney is absolutely critical to protect your business.

  1. Preparation and Preemption: Preparation is key. Creating a business involves an incredible amount of paperwork and legal formalities. A good lawyer can help you prepare for the effective operation of your business and ensure you are in compliance with Federal and State laws. This, in turn, can help you avoid legal issues and worse, litigation, in the future. If you wait until you are sued to hire an attorney, it’s already too late. Fixing a mistake later costs more.
  2. Choosing the Right Business Structure: Partnership? S Corporation? C Corporation? Sole Proprietorship? Limited Liability Company? Limited Partnership? Do you know the difference? Choosing the right business structure for your business is critical, as your choice will bear directly on your business’ potential exposure to liability. Our attorneys will work with you to help you choose which business structure is right for you and assist you in preparing the paperwork necessary to accomplish same.
  3. Contract Formation: It is inevitable that a business, large or small, will have to enter into contracts with various individuals and entities. Whether these contracts are with partners, shareholders, officers, directors, or employees of the business or with unrelated third parties, they should be memorialized in a written agreement. Preparing contracts or forms of contracts at the outset can help protect your business from liability and avoid lawsuits. Our attorneys will examine the unique characteristics of your business and help you prepare the necessary contracts to protect you from potential exposure.
  4. Protecting Your Property: The success of your business depends on protecting your ideas, products, trade secrets, business processes, customer information and other business property and information. Our attorneys can help you prepare the necessary paperwork to preserve your right to your information and property.
  5. Avoiding Employment Issues: There are numerous Federal and State employment laws that govern employer-employee relationships. These laws establish regulations concerning compensation, hours, overtime, sexual harassment, and discrimination. Our attorneys can help protect your business and limit your exposure to employment lawsuits by ensuring your business acts in compliance with the applicable laws.

Skilled Business Attorney Serving Ocean & Monmouth Counties

At Carluccio, Leone, Dimon, Doyle & Sacks, LLC, our Toms River business attorneys can guide you step-by-step through the process of starting a business and ensure your best interests are protected at all times. To find out more about what our firm can do for you, call (732) 797-1600 to request a free initial consultation today.

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