4 Ways A Business Lawyer Can Support Your Startup
Starting a business is one of the most challenging things an entrepreneur can choose for themselves. It’s like entering an uncharted territory wherein one has to deal with several critical aspects of running a business. One such aspect that’s unarguably non-negotiable is the legal aspect of running a business including incorporation and formation.
Hiring a business lawyer in Santa Rosa can help you avoid the legal hassles involved in starting a business so that you can focus on your core business.
1. To Help with Entity Formation
When starting a business, the most important thing to do is choose the right business entity structure. This is crucial because the type of entity structure you choose for your startup will affect everything, right from the kind of records you are required to maintain to the taxes you are supposed to pay. In fact, the type of entity structure will also determine the vulnerability of your personal assets in case of litigation against your company.
A business lawyer in Santa Rosa will not only help you choose the correct entity for your startup. They can also help maintain proper business records and ensure adherence to the required administrative and corporate formalities.
2. To Identify Legal Risks Involved
If you’re starting up your own business, you need to protect yourself and your startup from any legal issues that could arise. Therefore, it’s important to hire a business lawyer to help you grow your business while mitigating the risk of unwanted legal issues.
Remember that business law is one of the most complex areas of law today. So, you must hire an experienced lawyer to help you avoid some serious pitfalls that can cost you your business and your personal assets.
3. To Secure Business Insurance
While choosing the right business entity can help you protect your personal assets from your company’s liabilities, it does not safeguard your business assets. There have been instances wherein a single catastrophic event has wiped out a well-established company. That’s where business insurance comes into the picture. Before you launch your startup, seek advice from a business lawyer to ensure you have adequate insurance coverage to protect your company’s assets from litigation or unwanted events.
4. To Protect Intellectual Property Rights
Your intellectual property is one of the most valuable assets of your company right next to your human capital. So, you must protect it at all costs.
As a business, you can seek protection for your inventions, company name, logo, and any other company asset specific to your brand. You should hire a business lawyer in Santa Rosa who will help you with trademarking your company’s name and seek copyright for your company’s assets. Besides helping you create airtight legal agreements; an experienced business lawyer can also help you maximize the value of your IP assets.
Looking for a Business Lawyer in Santa Rosa?
At Johnston & Associates Law, we are a team of experienced lawyers with decades of experience helping both startups and establish corporations prepare their organizations for the future. If you have any questions or need help with setting up your new business, we would love to help. To get in touch, call (707) 545-6542.