Starting a business from scratch and launching your own startup is a big deal. It is a life changing step – it can be good, bad, or a bit of both. You might know a thing or two about running a company if you grew up amidst business owners. Watching parents trade and negotiate from an early age definitely provides some insight; even better if you earned a degree in business studies. If you don’t possess any of those advantages, the journey is going to be tougher for you. In any case, business law might not be something you know head to toe (or at all), and that is where it gets all the more risky.

Most upcoming entrepreneurs have a substantial amount of savings, a 1-5 year business plan, and a set of goals before officially inaugurating their company. All that is a promising start, but it is rarely enough. More than 135,000 startups are launched per day in the U.S, and nearly 120,000 are shut down every day. Therefore, about 90% of new businesses are destined to fail and it is not easy to get a spot in the 10% that make it to 5 years or beyond.

Running a business is not straightforward – you become subject to a number of professional responsibilities and legal liabilities. You can dive in blindly, hope for the best, and depend on luck; the consequences would be suicidal, but maybe you’ll survive. On the contrary, you can act wise and practical by hiring Business Attorney in Burlingame, CA, who will guide you to corporate success.

Professional business lawyers possess the expertise to resolve conflicts at every stage, so adding one to your company team is a worthwhile investment. Many entrepreneurs are excited to bring their startup dream to life, but they have not even figured out the most important preliminary details, such as:

·         The structure of the company – will it operate as a sole proprietorship, LLC, or Corporation?

·         The legitimacy of the proposed company name, tagline, slogan, etc.

·         The business location and possible zoning problems

Regardless of the type and scale of your business, there are several financial, operational, and legal aspects to consider. Your business attorney will play the role of a financial advisor, handle all necessary paperwork, assist in business negotiations/transactions, and become your advocate or litigator if the time comes.

Many small business owners opt for DIY legal resources to avoid lawyer fees, only to regret it later on. The thing is that these people providing free information and cheap documentation online are not real lawyers. You can acquire universal forms and paperwork from them, but hardly more than that. The ready-made contracts and other legal paperwork you receive from unauthenticated platforms may not even be compatible with your business. As a result, legal problems ensue, and then you have no choice but to hire a lawyer and spend a lot more money to resolve an issue in court. 

A professional business attorney will draft and customize documents according to the structure and requirements of your company. They will help you attain necessary licensing, settle tax matters, establish credible partnerships, and purchase appropriate insurance policies. All these steps will ensure that your business operates in a legal manner, abides by all state imposed standards, and remains protected against potential lawsuits. Your lawyer will also take measures to safeguard your intellectual property, which is the core of business operations nowadays.