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All Start Ups Should Start with a Lawyer

Business LawyerIf you are planning a start up, consider starting with a business lawyer.  While some may think a business lawyer is a luxury, in fact, a business lawyer is a critical partner in your start up.  The cost of not having a business lawyer working with you on the ground floor could be a shaky or unstable foundation for your business that could result in even more expensive costs later.

At Portuondo Law Firm, P.A., we provide business law services to businesses small and large.

Starting Your Business

According to the United States Small Business Administration, starting a business requires planning, financial decisions, and “a series of legal activities.”  They offer 10 steps critical to starting a small business, including:

  • Conducting market research;
  • Writing a business plan;
  • Funding the business;
  • Picking a location for the business;
  • Choosing the appropriate business structure;
  • Choosing a business name;
  • Registering the business;
  • Getting state and federal tax IDs;
  • Applying for permits and licenses; and
  • Opening a business bank account.

While you don’t need a business lawyer for all of these activities, the advice of a business lawyer would be very beneficial for some of these activities.  For example, what is the appropriate business structure for your business?

The legal structure you choose for your business is one of the most important decisions you will make.  This decision has an impact on the amount of taxes you pay, the amount of paperwork you are expected to complete, the level of personal liability you face in the future, as well as your ability to raise funds.  Types of business entities include sole proprietorship, a partnership, a corporation, and a limited liability company.

There are benefits to each, which must be carefully considered before committing to one type of business entity over another.  This is where a qualified business lawyer comes in.  Making this decision should put you at a business advantage, not a disadvantage.

Similarly, your Articles of Incorporation, Partnership Agreements, and Operating Agreements are best drafted by a business lawyer, rather than pirating a “one size fits all” form from the web.  A business lawyer takes the time to learn about your business, and offers insights and guidance particular to your business and your goals for the future.

These are just a few examples of how a business lawyer can offer assistance to a start up company.  Don’t leave your business exposed to potential lawsuits, unnecessary disagreements between partners, greater tax liability, or other limitations.  Understand both what you are doing and why you are doing it by consulting a qualified business lawyer when starting your start up.

If You Are Starting a Business

If you are starting a business, you need a business lawyer on your side.  From registering your business to choosing your business structure, the decisions you make in the beginning have lasting effects on your long-term success.  Let attorney Marisa Portuondo work with you to develop a plan for your start up that protects your interests and reflects your values.  With a master’s degree from FIU’s College of Business as well as a law degree, Marisa Portuondo is uniquely situated to anticipate potential business pitfalls, and to protect you and your business.  Contact the Portuondo Law Firm, P.A. today at 786.440.8615 to discuss your business needs.

 

DISCLAIMER

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send us any documents to review or confidential information until such time as an attorney-client relationship has been established.

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Portuondo Law Firm

Portuondo Law Firm provides custom services to South Florida businesses and residents. The Firm provides the personalized experience only a boutique firm can, without sacrificing quality.

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