Many entrepreneurs are so focused on establishing brand recognition when launching a business that they fail to consider the various legal issues that arise. While drawing in consumers is essential, connecting with a corporate attorney as early as possible should also be a priority for new owners. Doing so will maximize the chances of success and prevent the pitfalls that often cause startups to fail. Below are some of the many ways a lawyer will provide necessary legal support.

What a Corporate Attorney Can Help With 

1. Choosing a Business Structure 

There are several different business structures to examine when starting a company and each has their pros and cons. The decision impacts how the company pays its taxes, distributes profits, and files certain paperwork. As such, the process can be challenging for many owners. A corporate attorney will help entrepreneurs select a structure based on their company’s unique operations, goals, and finances.   

2. Drafting Employment Agreements

Once a startup is ready to enlist employees and contractors, it’s essential to ensure the business complies with employment laws and offers sound agreements to new hires. Corporate attorneys have experience drafting detailed paperwork that faithfully outlines the terms and conditions of a worker’s responsibility to the company. They also help entrepreneurs adhere to compensation requirements and properly classify new hires as employees or contractors.

3. Protecting Intellectual Property 

Many startups rely on innovation. However, if the success of a company hinges on a new idea or invention, it’s vital to protect it from the competition. Corporate attorneys help business owners file the appropriate patent applications to prevent other companies from using their intellectual property. It’s imperative to do this quickly to secure an earlier filing date in case a competitor files for a similar idea. 

If you’re preparing to launch a startup, it’s in your best interest to consult a legal professional at Luke A. Weiland Attorney at Law. He provides quality counsel, resources, and representation to entrepreneurs in Wood County, WI, to further their goals and protect their rights. Call (715) 422-6808 today to set up a consultation with a corporate attorney. Visit the website for more information on his background and expertise and the range of services he offers.