When launching a new company, it’s important to have the necessary legal documents in order to protect your organization from potential problems. Reviewing this paperwork with a business lawyer will ensure you are ready to open your doors. The attorneys at The Law Office of W. Randall Holcomb have helped a number of Greensboro, NC, entrepreneurs avoid business litigation and other disputes by making sure they’re equipped with all the right documentation. Below, they discuss a few of the documents essential to your company’s success.

Business Plans

Business plans are often required to obtain the funding that will get your company off the ground. They must be structured in a way that appeals to investors and bankers and illustrates aspects of the business, including how you plan to execute ideas and plan for growth.  

Partnership Agreements

If you’re going into business with a partner, it’s crucial to define the terms of the partnership and each person’s role in the company. This document needs to cover each person’s stake in the business, profit and loss divisions, who has the authority to make decisions, and the length of the partnership. Your business lawyer can ensure all pertinent issues are addressed in the agreement to minimize the risk of potential legal trouble.

Employee Agreements

Employee agreements outline a company’s expectations for worker performance and conduct. Providing a detailed written agreement for each of your employees to look over and sign will help prevent misunderstandings that can lead to conflict. A business lawyer will ensure both the company and worker’s rights are protected in accordance with state laws.

Confidentiality Agreements

No matter what field you’re in, you will most likely have access to sensitive information. Confidentiality agreements are designed to keep this data, including business practices, intellectual property, and client records, from being exposed to the public. Review this document with an experienced contract lawyer to make sure your company is following the proper procedures to protect data and handle a potential breach.

Reviewing documents with a business lawyer is a crucial step for anyone starting a new company. Neglecting to do so can leave your organization vulnerable to costly penalties and lawsuits. The Law Office of W. Randall Holcomb will provide the guidance you need to create comprehensive, legally enforceable contracts and agreements that meet your company’s needs. Call (336) 888-8760 or visit them online to learn more about their legal services.