Why You Need a Business Formation Lawyer

intellectual propertyAre you trying to decide whether it’s time to hire a business formation lawyer?

If you’re starting your own business, you may very well need a business formation lawyer. Specifically, the following processes go much more smoothly when you enlist the help of business formation lawyer:

1. Forming a corporation – While you can often take care of the formation of a legal business entity such as an LLC or business partnership without legal help, forming a corporation with shareholders and a board is a more complex process. Articles of incorporation can be filed without lawyers, but the administrative side of managing the complex tax and legal requirements often requires the services of a corporate attorney. If you are forming a corporation, it’s important to enlist the services of a business formation lawyer.

2. Filing a Patent – Patents can be incredibly expensive and time consuming. It can take years to get one approved.  That’s why so often see “patent pending” messaging in the marketplace. So, unless you are in the pharmaceutical or biotech industries, consider whether patenting your product actually gives you a major market advantage. Consult a patent attorney to help you evaluate your product and understand what rights you will achieve.

3. Litigation – This can include dealing with lawsuits by current or former employees or customers, discrimination or harassment lawsuits, environmental lawsuits, government investigations for legal violations, etc.

4. Buying or Selling a Business – Lawyers can help with negotiating sales agreements, lease agreements, and more. If you are buying or selling a business of any kind, it’s time to get in touch with a business formation lawyer.

Contact the Experts at Luce Law Today

Do you have questions about why you need a business formation lawyer? If so, please feel free to contact Luce Law at (972) 346-5170 with your questions or concerns. We’re always happy to offer our assistance.