hether you are a Texas small business just getting started, or an established company with locations throughout the United States, it is important that you work with an attorney throughout the life of your business. At Woodall Batchelor PLLC, we’re happy to help cover some of the typical reasons entrepreneurs with new or established businesses should seek out a business attorney.
First, a business attorney can help walk you through business formation and documentation. The form your business takes (ex: corporation, s-corporation, or a limited liability company, or LLC) affects how you pay taxes, and how your personal assets are protected by the law. Business formation also has a role in your record keeping, and document filings. If you are in Texas, there are some things you can do on your own, but before you get started, speaking to a small business attorney to get business formation advice and documentation instruction for your specific situation can be one of the most important decisions you make. Even if you want to handle some of the paperwork and filing on your own, you should still have an attorney review your situation and make a business form recommendation. Once you have good advice on which form of business to choose, your attorney can help you file the paper work, direct you on how to keep necessary records, or do it for you.
Next, your business attorney can help with business development and planning consultation. Even if you are a brand new business, having an experienced business attorney provide business development and planning consultation is a smart move. No entrepreneur has every skill-set needed to grow a business – you might have fantastic sales skills, but terrible record keeping practices. Let a good business attorney refer you to trusted resources in the areas where you need help.
Consulting with your attorney about gaps in your business plan is a good idea, too. While no attorney enjoys seeing a business fail, a big part of any small business law practice unfortunately involves helping people clean up after a business fails. This puts your small business attorney in an ideal position to advise you about what not to do.
Business attorneys can also assist with employment and independent contractor agreements. Employment law is one of the most complicated and confusing aspects of business. It is easy for a small business owner to get tangled up in a bad employment contract, or to set requirements for workers that disqualify them as independent contractors. Without the advice of an attorney, it is fairly easy to break the law unintentionally when it comes to your employment and independent contractor agreements. Additionally, your attorney can assist with non-disclosure agreements (NDA). If you are not sure if you need non-disclosure agreements in your line of work, ask your attorney. The answer may surprise you. There are many instances an NDA is a good idea, even if you are not discussing an invention or new idea.
If you need legal advice about business formation, non-disclosure agreements, website documentation or any other legal advice for your business, contact our team at Woodall Batchelor PLLC.