3 Common Reasons to Consult an Attorney for Your Small Business

Owning a small business comes can be a dream come true. Not only is a successful small business a personal achievement, it can also provide you with the independence to run a company how you want to. However, owning a small business also comes with a unique set of risks that can leave you legally and financially liable for all kinds of situations. If you have been considering starting a small business, consulting with an attorney can help ensure your company is well formed from the start.

Support for Your Small Business

A small business attorney can help support your small business from the ground up. Three of the most common ways, however, apply to the initial business structure, handling employee issues and dealing with any legal documentation, such as leases.

 

  • Structuring:

When it comes to creating your own business, Louisiana offers many different structures to choose from. This includes, but is not limited to, corporations, limited liability companies (LLCs), partnerships and trade names. Figuring out the right structure for your business can be overwhelming. However, a knowledgeable small business attorney, like those at Waitz & Downer, can help you determine the best type for you.

 

  • Issues:

Employee issues can pop up at any time. Hiring and firing, in particular, can put you in peril of a lawsuit should employment laws not be strictly followed. Consulting with a small business attorney can help prevent you from accidentally triggering a lawsuit due to employment issues.

 

  • Documentation:

There is more paperwork to business ownership than you might realize. Starting with a simple office space, it is likely that your business will need to lease an appropriate location. (In many cases, it makes more sense to lease a space than it does to purchase commercial real estate.) A bad lease can leave you with unfavorable terms, such as increased rent. By hiring a small business attorney to deal with leases on your behalf, you can ensure a potential landlord does not include any excessive or hidden clauses that could cost you.

Succession Planning

Succession planning is another area in which a small business attorney can help your company. Succession planning refers to the process through which a company can identify or develop new leaders who will eventually replace older ones as they leave, retire, or pass away. An effective small business attorney can help make this process flow as smoothly as possible, while following with your company goals and directions.

Louisiana Small Business Attorney

If you need a small business attorney, the lawyers at Waitz & Downer can help. From avoiding potential issues to succession planning, our small business attorneys want to keep your vision alive. We put your company’s interests first as we address every aspect of your small business support. Contact us today to schedule a consultation with Waitz & Downer’s small business attorneys.