When starting a new business, the last thing on many entrepreneurs’ minds is hiring an attorney. Understandably, there is a desire to minimize expenses as much as possible. And, a lawyer is often perceived as a “luxury.” However, this can be very short-sighted. Not availing yourself of legal advice when starting a new commercial enterprise can have harmful long-term effects.
A business lawyer from Beverly Hills Law Corp., PC can help you determine the type of business entity that’s best for your unique circumstances–before you begin commercial activities. Getting this wrong can also have a drastic effect on your liability and tax burden.
Further, many new business owners neglect to research what sort of permits and/or licenses are needed based on where the business is located. This can lead to problems down the road. Failing to acquire the property permit or license can harm your enterprise and haunt you. We can help you navigate the confusing world of business licenses, resale certificates, and other types of permits that may be applicable.
Finally, some new business owners are tempted to take short-cuts and use template contracts they find on the internet. This can be a mistake. Such template contracts will not be specifically tailored to your special needs. They may contain various clauses that are not applicable and may not even be legally binding. Beverly Hills Law Corp., PC’s business lawyers can draft specific contracts for you at a reasonable cost–including agreements governing employees, vendors/suppliers, distribution/manufacturing, and non-disclosure. The illusion of saving money via such template contracts can prove costly in the long-run.
Whether you are an experienced business owner or a new and eager entrepreneur, a business attorney at Beverly Hills Law Corp., PC can help you establish a sound legal foundation for your enterprise.