As the founder of your company, you are probably focused primarily on fine-tuning your product or service offering. While hiring a business attorney is likely not at the top of your priority list, a lawyer can offer valuable aid with many parts of the startup process and beyond. Find out how a legal professional can save you stress, time, and money.

Why You Should Work With a Business Attorney

1. Choose the Right Business Model

Businesses can take many forms, such as a sole proprietorship, S-corp, or limited liability company. The type of structure you choose has ramifications on your personal liability and tax obligations. A business attorney can explain the differences and advise on what best suits your needs.

2. Draft an Operating Agreement

An operating agreement details how the business will be run and who will make important decisions about its operations. This is especially useful if you have multiple owners. It can provide guidance on what to do if a partner wants to leave, for example. 

3. Handle Copyright & IP Issues

Always consult an attorney on intellectual property and copyright issues. For example, if you establish your business as an LLC, it must have a unique name that’s different from any other LLC in the state. Also, if you have a unique product, you can file a patent to protect your IP.

4. Figure Out Licensing Requirements

Your business may have to file for certain licenses to legally operate. If you plan on opening a restaurant, for example, you will likely need a certificate of occupancy, a food service license, and a liquor license if you plan to serve alcohol. 

5. Review All the Contracts

Whatever type of business you run, it will require contracts. You need agreements with suppliers, clients, and business partners, to name a few. Your attorney will draft contracts that are legally binding and in line with the law. For example, employee contracts can't violate labor laws. 

Williams, Hall & Latherow, LLP of Ashland, KY, is a full-service law office that can help you through everything from establishing an LLC to figuring out IP issues. Their team has over 40 years of combined experience, and they are licensed to represent you throughout the state of Kentucky as well as in Ohio and West Virginia. Find out more about the law firm online. To meet with a business law attorney, call (606) 329-1919.