Five Reasons To Hire An Attorney For Your Small Business
Kira Doyle Law was started by Kira Doyle, a sole practitioner, who wanted to make a difference in the lives of her clients. This firm has since expanded into a team, but we are still a small business and we know how you must feel.
You have a passion and you want to share that passion with the world. You want to start your small business for any combination of reasons: to work for yourself, to provide a service to customers, to create something, to pass on the value of entrepreneurship to your children.
Chances are your entrepreneurial spirit comes with an unbeatable work ethic… and many, many questions.
When you have your time, money, and effort wrapped up in your business, we know you want to make it a success and for everything to run as smoothly as possible. While you may have a lot figured out, you may be wondering if you should hire an attorney. You have probably hired an accountant and insurance agent, and a business attorney can be next on your list to get your business up and running.
Here are Five Benefits to Hiring an Attorney for Your Small Business:
1. You can set-up your company properly.
What documents do you need to fill out? Do you need both a President and Vice President named for your business? How do you file your business with the state, and what are Bylaws, anyway?
A business attorney can guide you through the answers to these questions. You can discuss how to structure your business — your business can be a corporation or a limited liability company (LLC), just to name a couple options. Your attorney can assist you in determining your tax liability and filing the appropriate documents with the State of Florida.
2. You can ensure official documents and agreements are written correctly.
There will be different types of agreements for any business structure you choose. An attorney can assist with employment agreements — like non-compete, non-disclosure, and confidentiality agreements — as well as documentation for annual meetings and minutes.
A business attorney can also draft agreements for the purchase and/or sale of a business and answer legal questions that may arise during mergers and acquisitions.
Need a contract written for standard transactions? We do that too!
3. Your attorney can act as a guide in special circumstances.
Going into business for yourself can lead you down an unpredictable path with many growing pains and learning opportunities. The reality of having your own business is that you will need to directly deal with issues that may arise. However, you do not need to go it alone. A knowledgeable business attorney can guide you through contract negotiations and even work with you if you’re experiencing a shareholder/partnership dispute.
4. You will know what comes next for your business when you move on.
There will come a time when you are no longer involved with your business. Maybe you’re retiring, selling your company, or handing the reins over to a trusted loved one. Whatever the reason, Kira Doyle Law can support you in these situations with succession planning for your business. We will also help you with reduced income, gift and estate taxes, too.
5. You will have representation in court should litigation situations arise.
No matter the age of your business, it is never completely safe from litigious situations. Should one arise, it is important to have an attorney on your side who can represent you and your business in Florida’s trial and appellate courts.
Some examples of ways in which Kira Doyle Law can assist you and your business in litigation matters include, but are not limited to, breach of contract claims, unfair and deceptive trade practices, disputes involving non-compete agreements, bad faith litigation, shareholder and partnership disputes, breach of fiduciary duty and derivative actions (a lawsuit brought by a shareholder on behalf of a corporation against a third party).
In this unfortunate situation, a trusting relationship between yourself and your attorney will help to make a difficult time in your business’s life go a little smoother. You can trust that Kira Doyle Law will work hard to resolve disputes as quickly as possible by developing a litigation strategy that gives you the best possible outcome for you and your business.
Ask a Florida Business Attorney for Assistance
It is important to work with an attorney during your business’s early stages, so you can start your company on the right foot, with the right documents and agreements in place. Correcting a mistake later rather than preventing it from occurring will cost you more money and time in the long run. Not to mention the possibility of legal ramifications if your company is not set up properly from the beginning.
Having a relationship with an attorney who understands your unique business and can help you navigate the difficult legal situations that may arise is instrumental in building a successful company that you can be proud of!
If you recently started a business or are considering opening a small business in Florida, call our St. Petersburg office at 727-537-6818 to schedule an appointment with one of our experienced business planning attorneys today!