Most businesses think they don’t need the assistance of a business attorney until they are involved in a sticky legal situation or a lawsuit. However, this is not the case. Here are a few situations where the skills of an attorney may prove to be extremely advantageous.
- Naming Your Business – Unfortunately, naming your new business isn’t as simple as thinking of a name you like and running with it. A business attorney can help you select a name for your business and ensure that it is exclusively available for your own use.
- Structuring Your Business – The way your business is structured is extremely important. There are many types of business structures you may not be aware of. A business attorney can consult with you and help you determine what legal structure is right for your business, the legal ramifications of your chosen structure, and give you assistance when you create that structure.
- Paperwork – When you start a business, you will be inundated with contracts, licenses, required filings and government registrations that you will need to legally run your business. A business attorney can make sure everything is done correctly and with minimal hassle so you can focus on the business.
- Selling – There may come a day when it becomes beneficial to sell your business. When this occurs, an attorney can help you negotiate sales and other agreements to ensure that your business is successfully and legally transferred to the purchaser.
In addition to this list, there are many other scenarios in which the assistance of a business attorney may prove to be beneficial. Please contact us at Grinhaus Law Firm in Toronto, Ontario for more information.