Starting a new business involves so many different steps that legal matters can easily slip through the cracks. Hiring a lawyer lets you focus on the areas of your business you know how to run while they handle the legal documentation needed in scenarios like the following.

When Does a New Business Require Legal Help?

1. Starting a Partnership, LLC, or Corporation

If you’re starting a partnership—a business formed by two or more individuals—a lawyer will help you write the partnership agreement. These forms state each person's initial startup contribution and their rights and responsibilities in the business. In the case of a limited liability company (LLC) or corporation, they will assist with state registration. Additionally, they are needed to help LLCs form operating agreements and corporations develop bylaws, which both set the rules and procedures for the business. They will also make applying for employee identification numbers and handling IRS procedures a lot smoother. 

2. Trademarking Business Name & Logo

A trademark gives your business exclusive rights to a particular name, symbol, or phrase that correlates to your services and products, which would prevent other companies from using similar words or designs that could confuse your customers. A lawyer experienced in trademarks will walk you through this process and prepare all documents needed to submit your claim to the United States Patent and Trademark Office. 

3. Establishing Terms of Service & Licensing Agreements

If your business will need to grant outside companies or customers rights to use products or services for a set fee or set amount of time, licensing and terms of service agreements are necessary. You’ll need a lawyer’s expertise to ensure these documents protect your rights and hold up in a court of law.

When starting a new business, make it easier on yourself by hiring the law office of Donald L. Spafford, Jr., Attorney at Law to assist with all legal matters. For over 32 years, this commercial law office has helped businesses in Honolulu, HI, and the rest of Oahu with everything from business formation to litigation. As bankruptcy attorneys, they can also help your company restructure its debt. Call (808) 532-6300 to schedule a free initial consultation with a lawyer, and visit their website to learn more about their services.