PREVENTING LEGAL PROBLEMS FOR YOUR BUSINESS

Most business owners will hire a lawyer only when a serious legal problem arises. The truth is that by that time, it is too late. Your goal should be to prevent legal problems from occurring. While not all problems can be avoided, consulting with a qualified lawyer from the outset will be far cheaper than resolving problems in the future which may entail attorney’s fees, court costs, and possibly damages. Starting your own business is a big step. It requires you to invest money and time. Nothing guarantees that your business will succeed, however, as Benjamin Franklin said: “If you fail to plan, you are planning to fail”.  An experienced attorney can address legal issues and help you formulate a plan so that your business starts off on the right path and has a better chance of success. A lawyer can help you address the following matters:

→ Choosing the type of entity for your business

→ Regular corporation

→ S corporation

→ Limited liability company

→ Partnership

→ Explain the manner in which the entity will be taxed

→ Prepare and file the necessary paperwork to form the chosen entity

→ Obtain tax identification numbers

→ Determine licensing requirements

→ Review the lease for the business premises

→ Draft and review contracts

→ Employee and Independent contractor determination

→ Discuss intellectual property issues

→ Tax issues such as tax filing requirements

→ Bankruptcy issues affecting the business as a creditor

With over 30 years of experience, lawyer Magda Abdo-Gomez can provide legal guidance to help your business start off right.

Call attorney Magda Abdo-Gomez at 305-559-7478 or contact her online to see how she can help you.