In today’s economy, many people are starting small businesses. Whether it’s an interior design consultancy or a shop specializing in pet accessories, setting it up requires filing significant amounts of paperwork. If you’re someone with entrepreneurial ambitions, you may be wondering whether it’s necessary to navigate this process with a lawyer. Having professional legal advice makes this process much easier. While there are a few instances when a prospective business owner can tackle tasks on their own, there are more situations that would benefit from having an expert on hand.

Business Type

Although it depends on the industry and the exact product or service, in many cases, the business type affects whether a lawyer is essential for the preliminary filing process. For example, setting up a sole proprietorship usually doesn’t require as much paperwork; extensive research and due diligence often go a long way. However, if it’s any other type, it’s best to seek legal advice.  Operating as a partnership, Limited Liability Corporation (LLC), corporation, or S corporation involves more people and paperwork. A lawyer can help you better understand the stacks of contracts, so all parties will be satisfied and protected.

Time

Another reason why you might want to ask for professional legal advice is simply time efficiency. Depending on the type of business you’re launching, if you’re on a strict schedule, hiring a lawyer ensures you get everything done correctly and on time. If you’ve never started a business before, or your experience was in another industry, the learning curve can be steep. It takes time. Having an attorney deal with the legal details frees you up to tackle everything else.  

For any entrepreneurs in the Willamette Valley area eager to get their small business up and running, contact Stayton Law. Well-versed in business and corporate law, this firm has served the Willamette Valley, OR, for decades. Whatever type of legal advice or assistance you may need, they’ll know just what to do. Other than business, they’re also known for how they handle estates, wills, and probate. For more information about their services and expertise, visit their website, and call (503) 769-7741 to schedule a consultation.