Philadelphia Business Lawyer Sarah E. Holmes
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Why Consult a Lawyer For Your Business?

10/10/2018

3 Comments

 
Picture
In the process of setting up your business, you may have consulted with an accountant, an insurance agent and possibly even a business consultant.  The million-dollar question, however, is… have you consulted with a business lawyer?  While you may not need legal advice on a daily basis, developing a relationship with a skilled business lawyer can be useful so you have that important resource when you need it.  Waiting until the need arises can often lead to making snap decisions, when hiring a lawyer, just to have a “warm body” on the job. 
 
Below you will find several tasks that a small business lawyer can help you with right away!
 
Business Structure:
 
Deciding how to structure your business is a big decision that affects your exposure to personal liability, tax obligations, setup fees, ongoing expenses, as well as how you can legally acquire funding. An experienced business lawyer can help you make the right decision and create/file the correct documents.
 
Employee Issues:
 
Are the people who work for you regular employees or independent contractors? A good business lawyer is familiar with the laws surrounding this question and can help you stay out of trouble with the IRS. You also want to avoid any possible discrimination issues when designing your hiring practices.  A good small business lawyer can advise you how to avoid and potential issues in this regard.
 
Contracts:
 
Contracts are unavoidable when starting a new business.  A good business lawyer can draft and review contracts to ensure you are making wise and informed decisions that can keep your business out of jeopardy.
 
Negotiating the Sale of Your Existing Business or Purchasing a New One:
 
A good business lawyer understands how to value a business, write purchase agreements, complete due diligence, and apply for permits and licenses. Likewise, when you sell a business, an attorney can help you get the most value out of your business and negotiate the best possible deal.
 
A good business lawyer is your small business best friend. Let us know how we can help you today!

3 Comments
steele honda link
6/24/2019 09:48:44 pm

Thanks for pointing out why you should consult a lawyer for your business. I like that you said that a good business lawyer can help you stay out of trouble with the IRS. I think that it would be smart to make sure that you hired an experienced corporate lawyer so that you would have the peace of mind that they knew what they were doing so they could help keep you out of trouble.

Reply
Taylor Anderson link
2/3/2021 03:02:34 pm

I like how you mentioned that a business lawyer can help keep one out of trouble with the IRS. One of my old friends talked a lot about starting a business. These tips could really help him out, so thanks for sharing them.

Reply
Eli Richardson link
2/15/2021 10:02:39 am

I'm glad you mentioned how important it is to get a lawyer to help you deal with your business's legal structure. The other day I heard my sister talking about opening a pawnshop with her husband. They're in the early planning stages, so I think it'll be best if they consulted a lawyer first, so I'll be sure to share this information with them. Thanks for your tips about why you need an attorney to help your business succeed.

Reply



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    Sarah E. Holmes is a Philadelphia business attorney and strategist that helps start ups and established businesses looking to expand, protect their assets and increase their profits in an approachable, down-to-earth way.  When you're looking for a business lawyer in Philadelphia, the Main Line or New Jersey, we can help.

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Holmes Business Law, P.C.
​Two Convenient Locations- Main Line and Center City
40 E. Montgomery Avenue (all mail)
4th Floor
Ardmore, PA 19003
and
1515 Market Street
Suite 1200
Philadelphia, PA 19102
215-482-0285
 

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All site content is subject to copyright 2021 by Holmes Business Law P.C.
This website and its content herein constitutes attorney advertising.  Any content on this website should be construed as informational, not legal advice.  No information on this website is intended to create an attorney-client relationship.  Only a signed fee agreement between Sarah E. Holmes and the client will establish an attorney-client relationship.  Use of any information on this site is provided "AS IS" with no warranty of any kind, either express or implied.  Always consult with a licensed attorney in your own state for legal advice.
Photo used under Creative Commons from AK Rockefeller
  • Home
  • Attorneys & Areas of Law
    • Business Entities >
      • Corporations
      • Limited Liability Company (LLC)
    • Business Immigration
    • Business Purchase or Sale
    • Raising Capital & Investor Agreements >
      • Promissory Notes and Debt Financing
      • Private Placement and Equity Financing
    • Business Contracts >
      • Consulting Agreement
      • Employment Contracts
      • Independent Contractor (1099) Agreements
      • Website Terms and Privacy Policies
    • Copyright & Trademark
    • Hiring Employees/NDA/Non Compete
    • Estate Planning & Wills
    • Commercial Real Estate >
      • Commercial Lease
    • The Right Start Program
  • About
    • Speaking and Events
    • Client Testimonials
    • Privacy Policy/Terms of Use
    • Contact
  • Business Success Tips
  • Flat Fee Packages
    • New Businesses
    • Existing Businesses
    • Dispute Resolution
    • Trademarks & Copyright
    • Estate Planning
  • COVID-19 HELP