Limited liability, low costs, and easy record keeping are some of the top benefits of having an LLC. If you’re opening a business, you might be considering choosing the limited liability company as your business structure. The advantages of this legal structure make it one of the most popular among large and small organizations.
Registering your company is the first step and makes everything official. Yet, you may be asking yourself, do I need a lawyer to set up an LLC?
Believe it or not, a business attorney brings more to the table than only setting up the right legal framework for your venture. Don’t know if hiring a business lawyer is the right call?
We’ve got you covered. We’ll tell you the benefits of hiring an attorney and why you should consider it when setting up your LLC. Keep reading to cover your bases before taking the plunge into the business world!
Advantages of Hiring a Business Attorney
You may be focusing on the cost of hiring small business lawyers. Yet, the advantages of consulting a business attorney outweigh the costs. Believe it or not, a legal expert can save you a ton of time, money, and headaches.
Still think we’re kidding? Here are the top benefits of hiring a business lawyer before and after establishing your company.
1. Pick the Legal Structure That Fits Your Business Model
Before registering your business, it’s vital to learn as much as you can about the legal structures available. However, you shouldn’t choose a business structure solely based on your research.
You should consult a business attorney to discuss the pros and cons of every legal structure. A legal expert will also provide insight into the best type of structure for your business.
2. Register and Protect Your Trademarks
You may think only people developing a new product should worry about their brands, but that’s far from the truth. Before launching or selling a product, it’s important to consider registering your trademark. This term refers to any symbol, name, word, or design that identifies a good from a seller or manufacturer.
If you’re distributing or selling products from a certain brand, you should also make sure not to infringe any trademarks. Your business lawyer can look into the status of a trademark and help you register any if necessary.
3. Protect Your Business From Lawsuits
Parties may file lawsuits against your business sooner or later. It may be a disgruntled employee, customer, vendor, or any other interested party.
Either way, these cases can turn into a nightmare and disrupt your business. If you keep a business attorney on retainer, they’ll take care of any claims and set the necessary measures to prevent lawsuits.
The Real Answer to “Do I Need a Lawyer to Set up an LLC?”
After learning the advantages of consulting a legal expert, you may still be asking yourself “Do I need a lawyer to set up an LLC?” The real answer is yes. When you hire a business attorney to set up your limited liability company, you protect yourself and business from the get-go.
You may think hiring an attorney only to set up your legal structure is the best call. However, you should consider keeping a business lawyer on retainer to consult them whenever a legal issue or situation arises.
Did you find this article interesting? Keep checking the rest of our site to find useful articles to start your business venture today.