A Business Law Attorney Can Help You Start Your New Business

 Posted on February 07,2023 in Business Law

Starting a business can be a thrilling, rewarding experience, but it can also be nerve-wracking and stressful. There are so many things a new or prospective business owner needs to think about - how the market is currently being served, what kind of business structure to use, how to document the business’s daily operations, and so much more. 

For unseasoned business owners, so many of these processes can feel like a shot in the dark. How do you know if you are doing everything correctly? How can you protect yourself from future wage lawsuits or tax audits? Fortunately, an Illinois business lawyer has experience in running a business smoothly and can give you the help you need. 

What Do Business Lawyers Do? 

The role of a business lawyer varies widely depending on the needs of the business itself. For new businesses, however, the role of a business lawyer is fairly consistent: Ensuring the business has a strong foundation on which to build and function smoothly. The many things a business lawyer can help with include, but are not limited to: 

• Patents, trademarks, and other types of intellectual property protection (including making sure business owners do not violate trademark or patent law by using the intellectual property of others)

• Determining the most appropriate business origination structure for the business’s services and goals 

• Drafting complex legal documents, such as employee contracts, operating agreements, bylaws, and more 

• Ensuring full compliance with state and federal laws 

• Helping to secure financing under fair, well-understood conditions 

• Registering the business, ensuring licensure for any employees if necessary, and helping the business grow its public profile 

• Providing ongoing legal advice about how to respond to issues as they arise 

• Providing assertive representation in any litigation or negotiation 

Many new business owners or those who are considering starting a business may be reluctant to hire a business law attorney because they are trying to save money to invest in the business itself. However, working with a competent, experienced business lawyer is a wise investment - by ensuring you have all your bases covered and have protected yourself from legal risks as much as possible, you stand to save yourself many times the cost of an attorney in your future operations. 

Contact a Glen Ellyn, IL Business Law Attorney

A DuPage County, IL business law attorney can help you with a variety of legal matters as you start your business. Make sure you protect your business and your future by calling NN Legal Group today at 630-474-0925. We offer free, confidential consultations and look forward to working with you. Se habla espanol. 

Source: 

https://www.sba.gov/business-guide/10-steps-start-your-business