Starting up is hard enough without legal trouble. If your chosen name is not already in use, you can reserve it with the Secretary of State's office for a period of time, about 120 days, while you prepare your articles of incorporation, articles of organization, or a partnership agreement. To decide what form is best, you will need to consider liability issues associated with your business and which form will provide the best tax structure for your business. What follows is a sampling of some of the legal concerns you may want to address with … In the long run, investing in legal advice in the following areas can save you time and money. Depending on which business structure you choose, a variety of permits and licenses may be needed. He’s also an active blogger and the co-founder of LawKick. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site. UpCounsel accepts only the top 5 percent of lawyers to its site. The following is a basic list of seven legal issues every business should make sure to consider. 1. You may be involved in negotiating the lease on business premises. There are many legal issues in starting a business. But don’t lose touch with your lawyer once your business is up and running. Depending on what type of business you plan to engage in, you may need a variety of licenses or permits. Once you starting running a business, the world gets a lot more complicated. The most common business structure for a personal trainer is to operate as a sole trader. Every company should have an internal code of conduct that … A difficulty may be getting all necessary legal advice, and mechanisms in place prior to starting. Are you anticipating working with investors or will you remain privately funded? No need to spend hours finding a lawyer, post a job and get custom quotes from experienced lawyers instantly. See this list on Nolo.com for lot's more on the legal issues you'll need to navigate when starting a business. Learn about common legal issues faced by entrepreneurs when starting a small business as well as the difference between ethics and legalities. Determining whether a China entity is required at all. Business Structure There are several different business structures that you can choose when you’re forming your company, including LLCs, S corporations, C corporations, partnerships and sole-proprietorships. Not Securing Your Business Trademarks. In the majority of states, registration is necessary in order to become a legal business and for tax liability purposes. Goods and Services Tax (GST) 3. There are a multitude of legal issues to think about when it comes to starting your business. While many entrepreneurs have a basic understanding of the law, the majority of them … Many entrepreneurs dread dealing with the legal aspects of starting and managing a business--mainly because many don't know where to start. Moreover, employees are like the building blocks of a business. Violation of business laws can result in a fine, closure of business, a jail sentence or other consequences. Generally, a new company should have no legal issues in the initial stages of development. Hire the top business lawyers and save up to 60% on legal fees. What other legal issues do I need to consider when starting a business? Trademarks are the representation of your business among customers and clientele. Every decision has legal implications, such as the name of the company, its structure, and how the business operates. As a new business owner, you should be familiar with all the legal considerations as you start your new business. Use AllLaw's nondisclosure form for your business. The level of protection needed for the business in terms of patents, copyrights and trademarks. Starting your own event management business requires an understanding of what common problems you might run into while on the job. Verify with the appropriate state agency, usually the Secretary of State office, by completing a thorough name search. You will need to research the type of business licenses legally required to operate in the area you formulate your company. Employees are a company’s biggest strength, but they can also turn into a major legal liability if they are not managed correctly and if the ground rules of your collaboration aren’t set out from the very beginning. The more confidential information your business plan contains, the more important these agreements are. 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