Putting up a restaurant can be a lucrative business. However, how successful it becomes will depend in large part on how well you’ve planned its establishment. Even if you can do everything by yourself, it’s still better to work with a lawyer to ensure that you’ve covered all your bases right at the beginning. Here’s what you should know before getting started.

Why It’s Important to Work with a Lawyer at the Start

All businesses fall under many regulations—from federal to local—to ensure fairness among competitors and protect the interests of customers and employees. Keep in mind that guidelines differ depending on the industry.

Some are more stringent than others, especially when it involves public health and safety, like a restaurant. A lawyer with extensive knowledge of business law will guide you on the necessary paperwork and applicable ordinances before opening your restaurant doors to the public. Hiring one affords convenience and allows you to focus more on strategizing and business planning.

How They Can Help

Although you can establish a restaurant on your own, it won’t be the same as when you work with a professional and seek their advice. Corporate lawyers are familiar with the ins and outs of starting a business so they can assist you with the following:

• Business Structure: The legal structure you choose for your company will affect your personal liability and the amount of tax you pay. Consult with your lawyer to determine which among sole proprietorship, partnership, limited liability company, or corporation is best for you.
• Tax Requirements: As a business, you will have tax obligations to the state and the federal government. A lawyer will help you navigate this aspect to prevent costly repercussions and legal oversights from settling the wrong amount of tax.
• Licenses & Permits: Businesses require local licenses and permits before being allowed to operate. For restaurants, they may need federal licenses and environmental permits.
• Insurance: Protect your business from unforeseen events like flooding, fire, and lawsuits by obtaining insurance coverage. 
• Employer Responsibilities: If you’re planning to employ people, you need to have an Employer Identification Number for their income tax payments. You must have unemployment insurance and workers’ compensation coverage for them— a lawyer can advise you on all of these issues.

When starting a restaurant in Kentucky, it’s crucial to work with a seasoned lawyer to avoid legal issues that could hamper your business. Turn to Williams, Hall & Latherow, LLP, a full-service law firm in Ashland, KY. Since 2000, they’ve provided top-notch legal advice on business laws to clients throughout the state. Call (606) 329-1919 to set an appointment with an attorney or visit them online.