When forming a business, there are many steps that have to be taken to protect yourself and your business. Laws vary from state to state and it can be difficult, especially for new business owners, to know all the steps that must be taken to properly and legally form your business.
What is Business Entity Formation?
Forming a business encompasses a wide array of areas. This includes registering your business with the appropriate organizations, protecting yourself from liability, acquiring the appropriate contracts and paperwork, and registering with the state taxing authority. Ensuring that the proper steps are taken during the business entity formation can help protect you from many legal consequences.
Why Should I Hire a Business Lawyer?
Proper business entity formation is vital for your company. It can help you save money on taxes, as well as ensure that your business is registered in all the required places. Legal formation paperwork is necessary. A business lawyer can also help you to obtain the appropriate contracts to protect your business from possible lawsuits. Having legal guidance can simplify the process of establishing your business.
It’s important to establish your business as an entity that is separate from yourself. You must set up separate bank accounts, set up separate taxation processes, and register the business through the appropriate organizations. Business expenses must be monitored separately from personal expenses. We recommend that new business owners obtain legal guidance through this process, to ensure that every necessary step is completed.
Here at Ulrich & Associates, we partner with Ulrich Law, PLCC to provide you with discounted legal services. These services can be vital in establishing your business, because they will protect you from potential legal consequences. Obtaining the services of an experienced business lawyer will allow you to focus on running your business without worrying about missing any important steps.
*Disclaimer: Ulrich & Associates does not render legal advice and Ulrich Law, PLCC is a separate law firm that does not engage in fee sharing with Ulrich & Associates or other non-attorneys.