Some questions that you should ask your attorney regarding business law

As a new entrepreneur, there are a lot of things that you may be thinking about in regard to your business. However, before making any final decisions, it may be a very good idea for you to meet up with a small business legal attorney who should be able to guide you through all the legal stages. Hiring the services of a business lawyer is very important because he or she is going to be able to answer any kind of business law questions that you may have in mind. Also, the attorney can be able to help you identify some of the risks that you may end up facing and they may also come up with ways in which you can be able to minimize them.

When you are meeting with your attorney for the very first time, it is advisable that you ask the following questions:

What are the important details when it comes to choosing a name for my business?

You may have an idea of what it is that you want to call your business but you haven’t put it on paper yet. Before you can do this, you first need to consider all the business rules that come with it before you can start making any final decisions. Every given state has its own set of rules regarding the name you can give your business. A good attorney should be able to walk you through these set rules without any kind of difficulty.

What should be in my bylaws or my operating agreement?

Operating agreements and bylaws are very important since they are the ones that are able to give you all the necessary guidelines that you need for you to be able to operate a business. These are the documents that are going to explain different areas like how certain discussions are going to be made, how to handle the ownership changes, how and when the shareholder’s meetings are going to be held and also how the shares of stock are going to be issued. Your attorney should be able to help you out when it comes to the preparation of these documents.<img class="aligncenter size-full wp-image-128" src="http://www get more.dailynews-tsn.com/wp-content/uploads/2016/12/Small-business-lawyer-series-e1481663488217.jpg” alt=”” width=”500″ height=”333″ />

What is the business structure that is should go for?

Before you can start your business and put all the important details on paper, you need to decide the business structure your business is going to make use of. Because of the liabilities and debts that can be accrued, it is highly advisable that you choose a business structure before anything can begin. If you have no idea of how you are supposed to do this, you can ask your attorney to help you out.

Leave a Reply

Your email address will not be published. Required fields are marked *